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> The whole PPP process was a sham... The plan was to get the money out the door as fast as possible to stem the pandemic recession, which is important for sti
by tabtab 4y ago
> The whole PPP process was a sham...
The plan was to get the money out the door as fast as possible to stem the pandemic recession, which is important for stimuluses to work right, based on history. If you add all kinds of paper-work to reduce fraud, it slows down the process.
It was a hybrid in terms of "just send out a check" and a business loan. Perhaps in the future they should just send out a check to all businesses having a threshold # of employees.
- idiotsecant 4y agoOr....just send the checks to the people directly. Not sure why we need to selectively enrich one class over another.
- Goladus 4y agoA failed business is more disruptive to the economy. There were programs aimed at individuals, though, such as ERAP for rent payment relief.