Has anyone noticed their favorite restaurants closing? Will restaurants be the first to go in a bad economy?

Question

Has anyone noticed their favorite restaurants closing? Will restaurants be the first to go in a bad economy?

Answer 1

a Mcdonalds close to my house closed...of all places!

Answer 2

Yep!  I spoke with the owner of a restaurant in my small community, and he told me he didn't know how much longer he would be able to stay in business.  He's gone up on his prices of things such as hamburgers for instance, because it costs him more to buy the meat.  People are complaining that he's gone up on his prices, but the way he explained it to me, he just has had no choice - has to make a little profit.  The economy is affecting everyone BUT the oil companies - they're still making LOADS of money!

Answer 3

The high cost of energy is hurting all businesses, including privately owned gas stations. But don't blame the president because it is congress who is siting on their hands.

Earlier this week Bush said we are going to start drilling immediately. Over night the price of oil went down $15 per barrel. However the president does not have the luxury of making that decision. It is under control of the congress.

Tuesday Nancy Pelosi said she will not even let congress debate it. The oil went right back up.

People are hurting, businesses are failing and all she cares about is make thing worse to built her party up.

But it is not just restaurants, it is any service industry

CB

Answer 4

Restaurants are closing at an alarming rate, and yes, not only will they keep closing, wait till food costs go up 300% by next spring...People will have to create a budget just to feed a family at home... There won't be money to eat out...

Who could afford a steak dinner which is 20.00 now, but will likely be 40-60 then?...Don't think this is going to happen?...wait and see... I know it's going to happen...rest assured... We're being reassured that this is just a temporary blip in the scope of things, I assure you that they are downplaying it to avoid a panic, and thinking that keeping people positive will reap positive results...

I believe that it will take 8-12 years for the housing market to get back to normal...

04,05 were not normal, it was a frenzy, especially in 05, and it's over, and now it's time to let the smoke to clear, and the dust to settle...

Oh it's going to be bad.... wait and see...

If you don't have a gun in your household, get one now... no home should go into the future unable to defend against criminal attack...