It's Getting Real, People

A real expert talks about the Northern Wisconsin economy.

The president and CEO of IncredibleBank, the former River Valley State Bank that is headquartered in Wausau with a digital-only web bank and 15 traditional branches in Wisconsin and Michigan's Upper Peninsula, says northern Wisconsin will experience a significant proliferation of business failures if coronavirus lockdowns and business closures continue through May 26.

In a move that caught many by surprise, Gov. Tony Evers announced last week that his original Safer at Home orders would be extended from April 24 through May 26, the day after Memorial Day. Those orders would close public and private schools for the rest of the school year, limit religious, funeral, or wedding gatherings to fewer than 10 people, generally ban all public and private gatherings of any number of people not in a single household, and keep all government-defined "nonessential businesses" closed except for a few permitted activities, such as curb-side pickup, carryout, and deliveries.

Todd Nagel, the president and CEO of IncredibleBank, said many small businesses will simply not be able to survive that timeline.

"I'm not being dramatic," Nagel told The Times in an interview last week. "This is forecasted. We will have hundreds of businesses fail from Wausau north if we shelter in place until May 26. You have to have revenue to pay your bills."...

Yes, and nobody knows about that "revenue" thing than Tony Evers, who has never missed a paycheck in his entire career.

He's got his.  Go suck wind, you miserable deplorables.