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The way the US is structured makes this very difficult. We're not a country of countries like the United Kingdom, but the US is a country of States. Despite our
by djsumdog 6y ago
The way the US is structured makes this very difficult. We're not a country of countries like the United Kingdom, but the US is a country of States. Despite our federal solidification over the past century, states still have a lot of autonomy. Passing marijuana laws that contradict Federal law, is probably the most prevalent example of this.
The Federal government tried to create PPP programs, but look at what happened. Multi-million dollar franchises pulled in huge chunks while small restaurants got nothing. It's the 2008 bank bailouts all over again. It's like PS5/nvidia graphics cards scalping for businesses.
The corruption flows through every system, and the blame can be focuses on businesses with the means and people and legal staff to take advantage of the situation at the expense of every possible competitor.
- pkaye 6y agoThey could have done a tiered fund. A PPP pool for businesses under $<1M, $<10M, etc. Also Trump removed the independent watchdog for the coronavirus funds. https://www.politico.com/news/2020/04/07/trump-removes-independent-watchdog-for-coronavirus-funds-upending-oversight-panel-171943 https://www.politico.com/news/2020/04/07/trump-removes-indep...