The “Paycheck Protection Program” Is Designed to Give Workers Paychecks, Why Is This So Hard for the NYT to Understand?

The NYT had its second piece in a week on how business owners cant use the money from the paycheck protection program (PPP) to build their businesses. While it is understandable that business owners would like a handout from the government, that is not the purpose of the PPP.

The point of the PPP is to get workers their paychecks, or at least a large fraction thereof, not to support businesses. The businesses are essentially an intermediary. It should be a large help to these businesses to be...

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Published on May 02, 2020 10:08
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