As is happening all too frequently in the past year, as the “number of restaurants operating nationwide dropped this year for the first time in more than a decade, a survey shows, with California accounting for almost a third of the losses.”
Wonder what our junior Senator, Mrs. Barbara Boxer, and my Congressman, Mr. Henry Waxman is going about this:
With consumers and businesses keeping a lid on expenses, more and more small and mid-size restaurants are throwing in their dish towels and closing up shop.
Southern California lost nearly a thousand more restaurants than it gained during the 12 months that ended in March, representing a net 2% drop that was twice the national average, according to the New York research firm NPD Group.
Nearly all the closings were among independently owned restaurants: small, family businesses that just couldn’t hold on as customers held back.
Doesn’t look like their stimulus has done much to stimulate the restaurant industry in Southern California. Just drive down any major commercial thoroughfare in Los Angeles and you’ll see an increasing number of Obama-Waxman-Boxers (OWBs), retail or restaurant space now gone vacant, their once colorful display windows now empty, save for a “For Lease” or “Available” sign.