With the pandemic severely restricting economic activity, thousands of small businesses across the country are on the brink of collapse. Congress created the Paycheck Protection Program as a lifeline. The $350 billion fund was intended to rescue small businesses with forgivable loans to cover their payrolls for two months.
I see President Trump has requested for Harvard University to return $8.6 million. How are the businesses you cited different, or are they? If there’s no difference, then why not request the funds be returned by businesses like those in your article?
ZAGG makes cellphone cases and screen protectors. It has 618 employees, which is apparently more than 500 - the cutoff for PPP funds, right? (Never trust me at math) Somehow, they got $9.4 million? That's like 15,000 per employee!
To my point yesterday, the rich get richer while us commoners struggle to make ends meet and wonder how we are going to pay our credit card bills, mortgages/rent, buy food, etc.........
This is great! Although I do wonder if Mnuchin's idea of 'severe consequences' matches mine. And what about the banks who handed out all that money to their favorites? Are they going to duck under cover of inadequate instructions from the administration?
The 1%. Grifters never get enough. Some fancy CFO, Accounting firms and Lawyers dance to the bank with helping land these loans you can bet.
That graph tho. Brilliant work. Absolutely brilliant. I shared with full credit to you, Judd.
A beer toast on this article. Can I hear "Huzzahs!"
for Judd!
I see President Trump has requested for Harvard University to return $8.6 million. How are the businesses you cited different, or are they? If there’s no difference, then why not request the funds be returned by businesses like those in your article?
Ain't capitalism great?
ZAGG makes cellphone cases and screen protectors. It has 618 employees, which is apparently more than 500 - the cutoff for PPP funds, right? (Never trust me at math) Somehow, they got $9.4 million? That's like 15,000 per employee!
I wonder if these companies donated to Republicans?
To my point yesterday, the rich get richer while us commoners struggle to make ends meet and wonder how we are going to pay our credit card bills, mortgages/rent, buy food, etc.........
Fetch me my pitchfork and tumbrel.
Will Trump and Republicans who support him go the way of Orban in Hungary. I hear he is much admired in the Trump Administration.
and the dems went along with it!
This is great! Although I do wonder if Mnuchin's idea of 'severe consequences' matches mine. And what about the banks who handed out all that money to their favorites? Are they going to duck under cover of inadequate instructions from the administration?