It is a near-certainty.
The lending program meant to keep small businesses afloat amid the coronavirus crisis is officially out of funds, less than two weeks after it was chartered.
Small business owners seeking a loan guaranteed by the Paycheck Protection Program (PPP) were greeted Thursday morning by a statement from the Small Business Administration that, "based on available appropriations funding," it was currently unable to accept either applicants or new lenders....
Yes, yes indeed!! There IS a reason for that!!
...The program has been one of the most heavily demanded during the current recession, and Republicans warned last week that it would run dry. Democrats, however, blocked a $250 billion infusion after Republicans refused to package it with additional funding for hospitals and state and local governments....700,000 small businesses likely to go under.
..."Seven hundred thousand applications today are in limbo—are stuck and cannot be processed—because [Democrats] are playing political games with it," Rubio said during a Fox News appearance....
That's quite an accomplishment for the Ice-Cream-Eating fossil and her well-paid and never-starved apparatchicks.
No comments:
Post a Comment