Trump’s Paycheck Protection Program was supposed to help small businesses stay afloat during the COVID-19 crisis, so naturally loans went to his friends and huge companies. We talked to Ashley Harrington of ResponsibleLending.org and the small business owners of 46 Mott, Fan Fan Donuts, Brown Butter, ConBody, and Kato Sake about the ramifications of that corruption.
Former SMB Owner and Vet who had to sell everything in June and move in to a trailer to avoid crippling debt.
ReplyRip off plain and simple
ReplyLaw of attraction is key here. Police and lawyers are paid legal liarszzz. Are they ultimately increasing crime and injustice ?
Reply100% facts. I had this experience too.
ReplyThe real conspiracies are the GOP community aid programs.
ReplySad. How can Bernie help sbo s get the loans they need?
ReplyI wish Asian business stats were included as well. The stigma against Chinese due to Covid, and other Asians to an extent, caused people to avoid many Chinese businesses. Chinatowns that have been integral to the culture are suffering and businesses are often family run. Still, I’m glad some were interviewed for this segment.
ReplyWhy would you want personal training from offenders? I mean I understand not caring if they are but I don’t see why that would be a selling point of a business.
ReplyPPP does not pay our rent, our gas or anything…. on top of that, if you where not open before February, you didn’t get anything (like me, I signed my lease on 3/1).
ReplyThe small restaurant I used to work for is closed. And the awful place my fiance used to work for closed
ReplyI’m thinking I need an “emotional language”
ReplyCapitalism conquers all. Let’s make some changes.
ReplyThere are a bunch of mommy vloggers that took huge PPP loans – despite the fact that their businesses (making videos of their children from home) weren’t impacted by the pandemic – and then proceeded to go on 14 vacations or build million-dollar houses.
ReplyBased on this, I think New York should be twinned with Glasgow, Scotland.
ReplyIt makes me so mad they won’t pass new packages to help Americans when they KNOW the small businesses didn’t get those loans and people are struggling!!!
ReplyThe banks being the middle man was the first HUGE mistake. The government should have given businesses loans DIRECTLY instead of letting banks pick their favorite customers.
ReplyThe quagmire of misinformation and red tape around the PPP program defies description, except perhaps a few million primal screams from everyone who needs it. The sickest part of the whole debacle is that’s our tax money going into the wrong pockets …. AGAIN! AAARGH!!
ReplySo maybe instead of complicated red tape government programs, we should just be giving stimulus payments directly to people to spend as they need, including investments in small businesses to keep them afloat.
Enough big government top down programs, more giving people the means to make those decisions for themselves in an emergency.
ReplySo, it turned out as just yet another example of redlining.
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