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re: What’s the consensus on ppp loans

Posted on 7/1/23 at 8:44 am to
Posted by fareplay
Member since Nov 2012
5185 posts
Posted on 7/1/23 at 8:44 am to
Having a business fail is normal as well no? Just like there are dumb students, there are businesses that deserve to close
Posted by Azkiger
Member since Nov 2016
23096 posts
Posted on 7/1/23 at 8:47 am to
quote:

Having a business fail is normal as well no?


Because BigGov forced them to shut down through no fault of their own?

No, that's not normal.

How old are you?
Posted by Tony The Tiger
The Woodlands, TX
Member since Sep 2003
2625 posts
Posted on 7/1/23 at 8:48 am to
quote:

Having a business fail is normal as well no? Just like there are dumb students, there are businesses that deserve to close



Deserve? bullshite. The Fed Govt forced them into this situation.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
41419 posts
Posted on 7/1/23 at 8:49 am to
Businesses failing is fine.

Business failing because gov shoots down the economy is not…. That’s not a business flaw. Providing assistance after forced shutdown was reasonable and necessary.

Student loans also got reasonable and necessary assistance known as deferments.
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
16498 posts
Posted on 7/1/23 at 3:12 pm to
quote:

Having a business fail is normal as well no? Just like there are dumb students, there are businesses that deserve to close


The government passed laws that PREVENTED THE BUSINESS from opening its doors.

Why is this so hard for you to understand?

The student has a choice to save money and then go to college. Or not go at all.

The business owner would be arrested if he opened his doors during COVID.
Posted by moneyg
Member since Jun 2006
57601 posts
Posted on 7/1/23 at 8:51 pm to
quote:

Having a business fail is normal as well no? Just like there are dumb students, there are businesses that deserve to close


Without PPP, the unemployment rate would have probably been 30-50%…almost overnight.

PPP had to be used for payroll (mostly). The money went to employees.
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