This framing is popular for ideological reasons, but ignores a gazillion small businesses that are going under right now and receiving no help. The billionaires are going to be fine. But the economy is not just a scam run by exploiters to suck the blood from the American worker.https://twitter.com/ObsoleteDogma/status/1250194085996044293 …
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So far the job preservation program has been to give an enormous sum to private banks, who then put every applicant apart from their largest clients on a waiting list. Congress passed this and sent itself home for the month instead of doing any kind of oversight or follow-through
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In Colorado, for example, 28,469 "Paycheck Protection Program" applications have been approved out of an estimated 600,000 small businesses in the state eligible to apply. Nationally, only 1M applications have been approved out of 30M small businesseshttps://www.thedenverchannel.com/news/coronavirus/nearly-30-000-paycheck-protection-program-loans-totaling-more-than-5-billion-approved-in-colorado …
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And those are figures for loan approvals, not disbursements. The message being sent to waitresses, bartenders, hotel cleaners, child care workers and millions of others is "relocate to where there is work, or go deep into debt"
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