Hacker News new | ask | show | jobs
by jondwillis 492 days ago
Since we are doing whataboutism, let's also bring up the ~$1 trillion PPP program, ripe with fraud, enabled and designed by Donald Trump, which helped kick off the current wave of inflation.

>The cost per job saved for one year was $169,000 to $258,000, which was much higher than the average amount—$58,200—paid in wages and benefits to small-business employees in 2020. [1]

[1] https://www.stlouisfed.org/publications/regional-economist/2...

1 comments

Agreed, ripe with fraud and overall an unfair use of taxpayer money. Poorly thought out even for an emergency measure and we should not do it again.