- Last April, the Small Business Administration launched a $349 billion emergency loan program meant to help struggling businesses at the beginning of the pandemic.
- “Right-wing groups that wave their finger at federal relief spending for local governments and working families never seem to mind when it benefits them,” a government watchdog group pointed out.
- Prager University Foundation (PragerU) received over $704,000 in PPP loans, and the Ayn Rand Institute (ARI) raked in over $713,000 in PPP loans last spring.
sarah.toce at Rawstory writes:
“Last April, the Small Business Administration launched a $349 billion emergency loan program to help businesses struggling at the onset of the COVID-19 pandemic. Right-wing groups that have long opposed the concept of increased government spending on “handouts” were the recipients of more than $1.7 million in Paycheck Protection Program (PPP) loans, according to new research by government watchdog group Accountable.US.
Throughout 2020, the same right-wing groups saw “significant increases in contributions or net assets.”
“Right-wing groups that wave their finger at federal relief spending for local governments and working families never seem to mind when it benefits them,” Kyle Herrig, president of Accountable.US, said. “The same people who’ve made careers out of bashing government programs were among the first in line for taxpayer-funded assistance during the COVID-19 crisis — aid intended for struggling mom-and-pop businesses. Their hypocrisy is trumped only by their shamelessness. If these groups were serious about their own purported principles, they’d return that money to the taxpayers…”
See full story here.
Categories: Business, Economy, Government, Politics
Economic Left 
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