Tuesday, July 7, 2020

Revelations of undeserving PPP recipients are missing the point

https://prospect.org/coronavirus/unsanitized-ppp-witch-hunt-misplaced-banks-sba/

 

The author argues that Paycheck Protection Program is good except that the delivery mechanism through banks was a design flaw. As long as funds are passed through to workers, it is helping avoid unnecessary suffering. $100 billion remains to be claimed before the August 8 application deadline, but many banks have stopped taking applications.

 

Charlie Cooper

 

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