| Submit your comments on this article |
| Economy |
| Hundreds of millions in PPP loans went to CCP-backed firms, as U.S. small businesses went under |
| 2021-05-02 |
| [Just The News] The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s. This week, our award is going to the United States Small Business Administration and Treasury Department for awarding at least $200 million, but as much as $420 million, to Chinese Communist Party-linked businesses by way of the Paycheck Protection Program, intended to assist U.S. small businesses that were devastated by the coronavirus pandemic, widely believed to have originated in China. A report from the Horizon Advisory strategic consulting group illustrates how negligible congressional oversight allowed at least 125 Chinese firms to "take advantage of the international disaster" by benefitting "directly from U.S. investment and relief measures." Related: Paycheck Protection Program: 2021-03-28 Nearly 500 charged with pandemic-related fraud: DOJ Paycheck Protection Program: 2021-02-23 Why you shouldn't care if the next COVID stimulus doesn't happen Paycheck Protection Program: 2020-12-23 Rand Paul delivers blistering floor speech opposing ‘monster' COVID spending bill, says GOP ‘no better' than Dems |
| Posted by:Besoeker |
| #4 |
| Posted by: Sneart Thromonter8301 2021-05-02 17:10 |
| #3 |
| Posted by: Sluse Grealet9429 2021-05-02 11:18 |
| #2 |
| Posted by: g(r)omgoru 2021-05-02 11:12 |
| #1 |
| Posted by: Procopius2k 2021-05-02 10:17 |