DAMMNNNN! My buddy just got a $500k EIDL loan! PPP ain't shit!
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Replying to @mgirdley
Right, it never does? You do get a $10k grant though right? His argument was $500k at 3.5% and 30 years is pretty nice.
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Replying to @Molson_Hart
Grant (as I read it) is only a grant if you get denied. It also gets deducted from your PPP loan amount if you did that. Lastly, they changed the rules so it's 10k or 1k per employee only. So not exactly awesome.
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Replying to @Molson_Hart @mgirdley
We gotta save money for the airlines so... um... we can... ???????
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Replying to @Molson_Hart
My take: Airlines have unionized employees, so matter politically. They also buy from Boeing, which is a captive quasi-gov't entity at this point given their amount of DoD contracts. Most importantly, congress wants them flying so they can get to DC easily!
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Replying to @mgirdley
Right, no disagreements there, but as I’m sure you’d agree. That’s some bullshit! Separately, good chance that money runs out before they start flying and I doubt they can use it to buy more planes from the great company that gave us the 737max!
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Replying to @Molson_Hart @mgirdley
It's not just the Max https://m.slashdot.org/story/369166
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This is disgusting. The more I read the more I feel like that company is a great brand whose veneers hides years of engineering and over-financialized rot.
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Is Airbus better?
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Replying to @Molson_Hart @dragosilinca
Boeing isn’t the same Boeing of old. Remember, it’s now run by the govt. contracting arm.
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End of conversation
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