[Dalewyn]

>and the people who really needed the help often got stiffed.

Just one anecdata, but we (family business) were "people who really needed the help" and got approved for PPP, both times. You needed to be fairly timely on applying because of the absurd demand, though.

We had to file paperwork including our payroll, income/loss sheets and more with our bank (not SBA) who actually did most of the groundwork because any PPP loan not forgiven is on the bank's dime.

[ok_dad]

I thought the free market was important, but you seem to just want handouts. Shouldn’t your business have failed if it wasn’t resilient? Why was your family business more important than any of the families who lost everything during covid? What hypocrites you MAGA folks are!

[georgemcbay]

In my experience the louder someone claims to be for the "free market" the more they are actually aligned with the "privatize the profits, socialize the losses" mindset when you observe what they do rather than what they say.

[Dalewyn]

Your premise is flawed because the free market was corrupted by government-ordered shutdowns. PPP is compensation for that. You can't maintain entire payrolls with quite literally next to no revenue without external cash infusions.

In case you weren't aware, PPP stands for Paycheck Protection Program and the monies disbursed by it are only to compensate for payroll expenses during the specified timeframe. Forgiveness also requires resubmission of payroll and other financial documents at time of forgiveness application to prove the PPP money was used for payroll and noone was fired without cause.

PPP does not and could not make up for a fundamentally flawed business model, all it did was compensate for paycheck expenses that could have been impacted by top-down forced shutdowns, particularly since small businesses by their nature usually can't handle wholly unexpected adversities well.

Your overt mischaracterization of PPP is one of many things that made me vote for Trump, by the way. Fake news sensationalism can die in a fire.

[ok_dad]

You people always have an excuse for why your handouts are valid but everyone else is a lazy pile of shit. Literally, every time you guys talk it’s, “laws for thee, but not for me!”