Post
Topic
Board Politics & Society
Re: Coronavirus Outbreak
by
squatz1
on 30/04/2020, 02:22:59 UTC
Been reading a good amount about the massive $2.2 trillion stimulus package. People are praising Congress for getting it done so quickly, as it is pretty crazy they were able to agree on something like this so swiftly. The issue is in what really matters, which is the execution of the bill itself.

The big part of the stimulus package was the Paycheck Protection Loan (PPL) which has been under fire recentley for giving too much freedom to the banks to not be equal in their processing of applications. In simple terms, banks were processing the applications of their wealthier clients first. There's also the issue of big companies receiving the PPL, when small businesses were heavily left behind.

Real shit show.