Again: oversight! Why are these business' getting such HUGE amounts, while way too many genuinely small business' not getting ANYTHING?
Loans to employers < 500 and > 500 employees...
In order to keep employees on the payroll rather than lay them off without NOTHING.
Big business need bigger amounts.
Nothing has been done wrong here.
In fact this thread should go into CT .
Note: THIS IS NOT A BAILOUT like GMC was.
Next: Email Pelosi and tell her to get her @ss back to DC so she can get busy writing phase 4 instead of wasting the taxpayers money.
The US is in crisis and Pelosi sits at her home in SanFran showing off her icecream.
if the money was for small businesses, then i have a problem with big corps coming in to take it. a family thai restaurant that just opened up near me. i loved it. tried to go before opening and met the owners. very nice couple. they put everything they had into it and a week or so after opening all i can say is i'm glad i went there once; it likely won't be there when this is done. first few months of a new business is critical and these people, like many others, were cut off at the knees. even a "loan" is debt they didn't figure into opening.
it sucks. i get that big companies need to keep feeding people too. but then i just ask why we're all hiding out from life as if it's going to hurt it. word up, it is. no one is getting out alive and for some of us our exit will totally suck. that is a factor we simply cannot change. while i agree we can act smart, i don't see us doing that now.
i see us acting in media driven panic and people in total fear to simply breathe.
the 'big corps' (whatever that means to you) aren't coming in and 'taking it'.
All who qualify are being LOANED monies.
The 'issue', I guess, is that our politicians didn't realize how many biz's small or large would need loans.
Email Pelosi and tell her to get her butt on a jet back to DC in order to vote on the most recent bill that will fund the SBA.
how did fogo de chau qualify?
Brazilian steakhouse chain Fogo de Chão is one of many businesses under fire for accepting loans intended to help small businesses stay afloat during the coronavirus pandemic.
www.newsweek.com
"In response to the outcry over the chain's acceptance of PPP funding, CEO Barry McGowan defended the decision to accept the loans, telling the
Wall Street Journal, "The scale of our business doesn't matter."
if the scale of their business doesn't matter, how did they qualify for "small business loans"?
again i get that they have to keep their employees going as well. there simply is NO GOOD ANSWER here when you shut down life as we know it to go hide at home and hope you don't get sick. but if the intention of this $$$ was for truly businesses less than 500 people, then no these companies should have not been able to tap into those funds. should they be helped? sure. if we have ink for the money machines what the hell.
but they should not have been able to loophole into funds geared to save small business.
and it's not just pelosi. she's a ***** from hell, i totally agree. but blaming a singular person is what keeps us from focusing on the problem."