Which would have been better for the US Economy?

The United States allocated $484 billion for PPP loans. These loans would be given to business owners and if they played the rules correctly... would not have to be paid back.

There were (roughly) 113 million taxpayers in 2019. If we would have given the 2019 taxpayers an even cut of the $484 billion... they would have received $3000 in 2020.

Do you think that would have been better or worse for the economy?

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MarineBob · 56-60, M

Then after the country opened back up there wouldn't be any jobs

SW-User

@MarineBob C'mon. The people with the assets would fill the needs quickly.

The people getting PPP (I'm not talking about the small business folks who actually needed it) probably had boatloads of assets already.

MarineBob · 56-60, M

@SW-User ppp was a cluster fuck to start with...with rules being made as they went along

SW-User

@MarineBob totally agree. It looks just like a big handout now.

Every administration has its bailout to the rich folk. This is no different.