NEW YORK (AP) — The government’s paycheck protection loan program for small businesses is on hold. The Small Business Administration said Thursday that it reached the $349 billion lending limit for the program.
Treasury Secretary Steven Mnuchin and SBA head Jovita Carranza on Wednesday urged Congress to approve more funds.
Hey Steverino! Didn’t you get $500 billion in mad money in the Coronavirus Corporate Slush Funding Act? What are you waiting for???
Did all the money go to tRump businesses?
It’s all about Moscow Mitch now. Munchkin and Pelosi agree on most of it anyway. Mitch is the one not trying to reach a settlement here.
It might be nice to see where it went. My guess is that a huge percent went to “processing.”
Didn’t Donnie say all the money would be gone by Easter? He was just a few days off.
Or to a small startup with no experience in this area and no employees. They are supposed to “sort” the applications and decide who gets what.
Small Business?
They also don’t have to “tell” us the names of the firms. It’s so frustrating watching these reporters ask softball questions. Of course, Trump would say he knows ‘nothing’ about that … just like he had nothing to do with his signature on the checks.
BIGLY Question:
How much of the SBLP did the TrumpCrimeFamily, SlumlordKushner and Trump’s Swampy Creatures get?
Addendum:
Trivia:
Ran out of money for ‘small’ buisnesses?
NO PROBLEM!
Just chunk another couple billion at the big guys, and it’ll all trickle down.
This time.
I swear.
If more small businesses go out the better it is for Trump and Friends.
I don’t think it went to processing: the Federal government is not one of Donnie’s constituents.
So how much of this money went to actual small businesses and how much to large businesses that have cleverly structured their operations to make it seem like they’re a bunch of small businesses, each with 500 or fewer full-time, permanent employees but with way more part-time and/or temporary employees and contractors? There’s about a zero chance that this hasn’t been gamed and that Mnuchin hasn’t allowed this to happen. ZERO.
And on a similar note, there are indications that something’s seriously wrong with that $1200 stimulus payment process, with millions of eligible people being told that they’re not eligible or that the IRS can’t determine their eligibility despite having filed their returns and given their bank info (my situation), or being told that their payment was deposited but no actual deposit in their bank accounts, or being told that they’re eligible but the IRS doesn’t have their bank info even though it does (my parents’ situation).
I’m hoping that it’s due to all this being rushed and the IRS not being able to implement it properly in a timely manner, and not because they’re trying to delay or even avoid eligible payments, or force people to receive paper checks with Trump’s name on them, but my gut feeling is that it’s at least some of the latter, so vile is this man and his minions. For all we know they’re favoring people who are more likely to be GOP voters or who live in red areas. Is that a CT? Sure. Is it ridiculous? Sadly, no.
Trump has been so full of shit touting all the money he was going to be giving working folks in the coming days and months!
Over a hundred locations throughout the country.
As Biden pointed out this morning on Morning Joe, it’s important to help businesses with less than 500 employees—but it may be more important to help real small businesses with 2,3 5, 10, or 20 employees, because those are the businesses that most people depend on.
Repeal recent tax cuts for multimillionaires and billionaires.
