The Paycheck Protection Program otherwise known as the PPP was rampant with fraud and corruption. We already knew this, but now the scale of the fraud has been made public.
All sorts of questionable loans were provided to the wealthy and politically connected while many small businesses which the program was allegedly supposed to help were denied.
Here are some of the billionaires who got PPP loans while small businesses went bankrupt. https://t.co/NBRFB0gX09
— NBC News (@NBCNews) July 7, 2020
Even rock bands got approvals for loans.
Guns N’ Roses, Eagles, Pearl Jam Took PPP Loans for Canceled Tours https://t.co/qPAcqDkrUs
— Variety (@Variety) July 7, 2020
If that doesn’t show you the absurdity of the situation than nothing will.
What’s comical is how the United States government likes to point out how other countries like Russia and China are corrupt and evil. This despite the fact that the United States government is arguably the most corrupt and evil entity on the entire planet. The whole situation is so nuts that it is hard to fathom.