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Sarah Crozier, sarah@mainstreetalliance.org, 303-868-9600
On a virtual call hosted by the Vermont chapter of the Main Street Alliance yesterday, Senator Bernie Sanders spoke with Vermont small business owners on the continuing COVID-19 crisis, and what support is still necessary to shore up a robust small business economy. From the Paycheck Security Act to health care needs, to child care, building pandemic resilience will take more than simply flipping a switch.
You can listen to the full call here.
Senator Bernie Sanders
"I think there is to some degree a rethinking of the very nature of American society, of how we create an economy that works for all, not just a handful of giant corporations, how do we address the issues of income and wealth inequality."
Senator Bernie Sanders
"Throughout this country, and especially in the state of Vermont, small businesses are the backbone of our economy. They are the backbone of local communities. Every small business has different needs, and if we are not flexible, and aggressive in saving small businesses, the future for our state, and probably every other state, is dire indeed."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"Towns in Vermont don't look like town after town in other states because they aren't dominated by chain restaurants, big box stores, and payday loan shops that make up so much of the rest of this country. It is so easy to see that Vermont is unique because of our small businesses. Unfortunately though, if real help for businesses doesn't come soon, Vermont will be utterly changed."
Sarah Gray, REV Indoor Cycling, South Burlington VT
"Small business is the working-class backbone of American life. We are innovators, hard workers and entrepreneurs. We work long hours, we care for our employees, and we know the first and last names of our customers. We live in the communities we serve and we support the local economy. If we are left to fail, large corporations will only get bigger and gain more control over the American tax-payer and voter."
Justin Barrett, Piecemeal Pies, White Riven Junction, VT
"Our landlord has made it clear that he doesn't want to wait for us to figure it out, so he is planning on converting our space into apartments unless we can open asap. I cannot tell you how disheartening it is to have put so much effort into creating meaningful jobs, a product we are proud of and thoughtful experiences for our guests, just to have the rug pulled out from under you."
Senator Bernie Sanders
"Somebody pointed out that I'm a strong advocate for the working class of this country, and that's true. I want you all to know that I consider what you are doing, small businesses, to be part of that working class .I know how hard you're working, and I know the kinds of anxieties many of you have, not just now but day-to-day running a small business. Worrying about your employees and doing well by your customers. I just want to reiterate and I say this with absolute sincerity....You're working hard, you want to make money and that's great. But you also understand to succeed as a state you got to worry about the children, got to worry about the environment, and treat people with respect and dignity."
Senator Bernie Sanders
"What we are proposing... is to do what we call the Paycheck Security Act, which essentially does what was done in Europe, and in fact was done in past legislation here in the CARES Act, and that is maintaining paychecks for workers. We did that for the airline industry."
Morgan Nichols, Vermont State Director, Main Street Alliance
"Main Street Alliance is supporting proposals put forward like your Paycheck Security Act and other proposals from your colleagues in Washington who recognize that in order to save our small business economy from the long term impacts of this pandemic, we must put the health and safety of our communities first."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"Not only were we not getting paid, we were using what was left of our personal funds to cover the expenses. But we were told not to worry, the PPP would be retroactive to the date the State of Emergency was declared, so we would at least be able to recover the personal funds we'd used for payroll. Once the PPP funds arrived, we found out that wasn't true. Without accurate information it feels impossible to make sound business decisions. I'm honestly scared to use the PPP funds!"
Sarah Gray, REV Indoor Cycling, South Burlington VT
"Thankfully, my landlord provided me with 50% rent forgiveness in April and May, but he is not legally bound to do so. I worry that if the State reopens fitness facilities in June, my landlord will ask for and expect 100% of the rent and then my business may not survive."
Cynthia Ryan, Edgeworks Creative, Waterbury VT
"I am trying to do everything correctly -- these are public funds and I feel a real responsibility to use them as was intended by Congress -- but there is no clarity about the terms. Our company can't afford to take on more debt; but feedback regarding the terms for forgiveness seems to change daily and neither my bank nor I have anything in writing that indicates any of the loan will be forgiven. What keeps me up at night is that I don't know what I have signed on to."
Justin Barrett, Piecemeal Pies, White Riven Junction, VT
"The clock on the PPP is running out, I still don't have clear guidance about the rules for forgiveness and I still just don't know how I'm going to pay both business rents, and my personal rent. The PPP doesn't work for small businesses with high overhead, and it doesn't help in the long run."
Senator Bernie Sanders
"If there was ever a moment in American history when I would hope that people recognize that health care should not be an employer responsibility, but should be a human right guaranteed to all of our people, whether you're working for a small business, a big business, whether you're employed, whether you're a child, or whether you're retired.... It would be a tremendous burden off the backs of small businesses in good times and in bad times."
Senator Bernie Sanders
"It goes without saying to me, that if we're concerned about the future of this country, if we're concerned about the need to have the best educated population on earth in a competitive global economy then we have got to have universal child care. That means everybody, every parent in this country regardless of income knows that there's great quality child care available, where the instructors there are well trained and well paid... this will be a boon to small business."
Michele Asch, VP Leadership and Organizational Development. Twincraft Skincare
Winooski, VT
"I've seen firsthand that our business's success and future growth is limited unless our employees have access to safe, affordable and high quality child care. Covid-19 has made us all painfully aware of the critical role that child care plays in our society. It is becoming clearer to all that child care is not an economic accessory; it is an absolute necessity to a thriving society and economy...The pandemic has exposed the inequities in this fragile system and exacerbated the child care crisis Vermonters were already facing."
"State and national organizations are advocating for at least $50 billion in flexible funds for child care in the next recovery bill. The House leadership's proposal does not go nearly far enough...These funds will not only save the child care programs destined to close without it, it will provide the catalyst to establish a long term solution to our child care crisis throughout the U.S. Accessible, high quality child care is one of the pillars of economic and social progress - part of the NEW DEAL that will help create a healthy society for all Americans."
Senator Bernie Sanders
"We're going to have to greatly expand testing, we're going to have to improve testing... We need global cooperation in developing a vaccine as soon as we can, and to make sure that everybody in the country, regardless of their income has that vaccine."
The Main Street Alliance (MSA) is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Main Street Alliance members are working throughout the country to build policies that work for business owners, their employees, and the communities they serve.
"Nothing was accomplished by Operation Epic Fury except putting the Islamic Revolutionary Guard Corps in charge of Iran and the Strait of Hormuz," said one critic of the war.
President Donald Trump revealed on Saturday that he is mulling a deal that would end his illegal war with Iran, and some hawks within the Republican Party are expressing alarm.
According to a Sunday report in The New York Times, many details of the agreement to end the war remain murky, with the fate of Iran's enriched uranium up in the air. US and Iranian officials have also given contradictory messages about the proposed deal's contents, suggesting there is much work still to be done before any agreement is finalized.
Regardless, three hawkish GOP senators on Saturday raised major concerns about the contents of the deal, warning against accepting any agreement that will leave Iran in a stronger position than before Trump illegally launched a war against it without any authorization from Congress in late February.
"If it is perceived in the region that a deal with Iran allows the regime to survive and become more powerful over time, we will have poured gasoline on the conflicts in Lebanon and Iraq," wrote Sen. Lindsey Graham (R-SC), who lobbied Trump to attack Iran repeatedly before the start of the war. "A deal that is perceived to allow Iran to survive and possess the ability to control the [Strait of Hormuz] in the future will put Hezbollah in Lebanon and the Shia militias in Iraq on steroids.
Sen. Ted Cruz (R-Texas), another longtime Iran hawk, said he was "deeply concerned" about what he's been hearing about the deal and expressed particular worry about Iran getting relief from US sanctions while still maintaining the ability to shut down the Strait of Hormuz.
"If the result of all that is to be an Iranian regime—still run by Islamists who chant 'death to America'—now receiving billions of dollars," Cruz wrote, "being able to enrich uranium and develop nuclear weapons, and having effective control over the Strait of Hormuz, then that outcome would be a disastrous mistake."
Sen. Roger Wicker (D-Miss.) was even blunter in his condemnation of the reported agreement.
"The rumored 60-day ceasefire—with the belief that Iran will ever engage in good faith—would be a disaster," Wicker wrote. "Everything accomplished by Operation Epic Fury would be for naught!"
Ben Rhodes, a former deputy national security adviser for President Barack Obama, challenged Wicker's claims that Trump's illegal war had achieved anything of value.
"Nothing was accomplished by Operation Epic Fury," Rhodes wrote, "except putting the Islamic Revolutionary Guard Corps in charge of Iran and the Strait of Hormuz."
Rhodes' criticism was echoed by Stephen Wertheim, senior fellow at the Carnegie Endowment for International Peace, who wrote that "everything accomplished by Operation Epic Fury is already for naught."
Ali Vaez, director of the Iran Project at the International Crisis Group, accused the Iran hawks of being delusional for thinking further bombing would force Iran to capitulate.
"DC's Iran hawks got two wars, nearly every conceivable sanction designation, a blockade, threw a wrench in global economy," Vaez wrote, "and will still claim that just a little more pressure and a touch more bombing will magically yield the concessions they still won't be satisfied with."
Data released by the University of Michigan and Gallup this week showed US consumer sentiment cratering even as stock markets hit record highs.
Multiple polls and surveys released in recent days have shown US consumer sentiment cratering—and all the while, the US stock market keeps hitting record highs.
The Kobeissi Letter, a financial newsletter, posted a graphic Saturday that matched consumer sentiment as measured by the University of Michigan's Surveys of Consumers with the performance of the S&P 500 stock index over a 30-year span.
The graphic shows that, up until around 2020, consumer sentiment matched stock market performance closely, although there was a large divergence between the two leading up to the 2008 financial crisis, where stocks briefly outperformed consumer sentiment before crashing downward as the housing bubble burst.
But throughout the last six years, the graphic shows, the S&P 500 has produced an almost continuous upward surge even as consumer sentiment spirals downward.
Absolutely incredible:
Over the last 6 years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952.
We are witnessing the formation of the biggest wealth divide in modern history. https://t.co/XGMR6DfuNc pic.twitter.com/2w7cRvn7ok
— The Kobeissi Letter (@KobeissiLetter) May 23, 2026
"Absolutely incredible," commented Kobeissi Letter. "Over the last six years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952. We are witnessing the formation of the biggest wealth divide in modern history."
Kobeissi Letter produced the graphic one day after the University of Michigan's latest survey found consumer sentiment hitting the lowest level on record.
Joanne Hsu, director of the survey, observed that "the cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."
On the same day, Gallup published new data showing that Americans' economic confidence has fallen to its lowest level since October 2022, with just 16% of Americans rating the economy as excellent or good, and nearly half describing it as poor.
Axios reported on Saturday that even Republicans have been growing sour on the US economy, citing a recent poll from The Associated Press showing GOP approval of President Donald Trump on the economy to be at around 60%, down from 80% just three months ago.
"The growing GOP gloom could hardly come at a worse time for Trump and the party," Axios noted, "less than six months out from a midterm election that's likely to turn on the economy."
The gap between overall consumer sentiment and stock market performance also lines up with recent consumer spending trends. Data published by The Financial Times earlier this year showed that the top 10% of earners in the US now account for nearly half of all consumer spending, while the bottom 80% of earners now account for less than 40% of all consumer spending.
A February report from TD Economics economist Ksenia Bushmeneva noted that “the economic divide between America’s households at the top of the income spectrum and everyone else continued to widen last year,” as “upper-income households benefited from the still-robust wage growth, strong gains in equity markets, and better access to consumer credit.”
"Private equity is destroying our favorite baseball team, stripping them for parts," Democratic US Senate candidate Platner said in an ad that aired on the New England Sports Network.
Maine Democratic US Senate candidate Graham Platner on Saturday said that a campaign ad that aired during a Boston Red Sox game was "taken down" after it took aim at the team's ownership.
The ad in question features Platner discussing the role that private equity firms play in the US economy, including sports teams.
"Private equity is destroying our favorite baseball team, stripping them for parts," Platner says at the start of the ad. "Private equity is buying up our homes, our sports, and our lives. I will reverse the private equity curse."
Private equity is taking our homes. It's taking our hospitals. It's taking beloved local businesses and stripping them for parts.
And now private equity is running the Red Sox into the ground.
Our new ad ⬇️ pic.twitter.com/w7LapElpdA
— Graham Platner for Senate (@grahamformaine) May 22, 2026
Platner concludes the ad by saying that he approves this message "because I miss Mookie Betts," the star player whom the Red Sox traded to the Los Angeles Dodgers in 2020 in a deal that was widely decried by local fans as a salary dump.
According to Platner, his campaign began airing the ad Friday on the New England Sports Network (NESN), the cable TV station owned partially by Fenway Sports Group, the conglomerate that owns the Red Sox.
However, he said that "midway through the game the ad was taken down" by NESN, after which the Red Sox proceeded to blow a 4-0 lead, losing to the Minnesota Twins by a final score of 8-6.
Platner, an oyster farmer and upstart candidate who has never before held political office, became the Democratic Party's presumptive nominee for the 2026 US Senate race in Maine last month after his top rival, Democratic Maine Gov. Janet Mills, dropped out of the race.
In recent weeks, Platner has pivoted to challenging incumbent Sen. Susan Collins (R-Maine), who has held the seat since 1996 and is now running for her sixth term in office.