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> We were punished for doing the right thing because that capital could been have been used to invest in the business. PPP had two goals: prevent business clos
by indymike 4y ago
> We were punished for doing the right thing because that capital could been have been used to invest in the business.
PPP had two goals: prevent business closures and layoffs, and stimulate the business economy (companies were cutting spending too). Yes, the capital could have been used to invest in the business, hire more people, etc, which all stimulate economic activity.
- adrr 4y agoStimulus wasn't one the stated goals. The stated goals were to help payroll with small businesses that were adversely affected by COVID19 pandemic. https://www.federalregister.gov/documents/2020/04/15/2020-07672/business-loan-program-temporary-changes-paycheck-protection-program https://www.federalregister.gov/documents/2020/04/15/2020-07... https://en.wikipedia.org/wiki/Paycheck_Protection_Program https://en.wikipedia.org/wiki/Paycheck_Protection_Program - scroll to purpose