My experience with the CARES Act
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My experience with the CARES Act
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Re: My experience with the CARES Act
#2My experience with crony capitalism was frustrating, confusing and unfair
There, I fixed the title for you.
Re: My experience with the CARES Act
#3This is a deliciously ironic place for a paywall.
Re: My experience with the CARES Act
#4My experience with crony capitalism was frustrating, confusing and unfair There, I fixed the title for you.
I don't see how this is "capitalism" in any sense of the word, crony or otherwise... but yes, your point stands.
Any one who expects a square deal from the present administration is either naive, or in on the grift.
Re: My experience with the CARES Act
#5Did anyone else here apply for EDIL from SBA? I did on March 30. I've heard nothing. Anyone wanna compare application numbers? I'm 3600058### (masked last three)
Re: My experience with the CARES Act
#6I actually have a lot of pity for the auditors who are going to be going over the books for this years. Some of the direction to organizations has been vague and a bit odd (e.g. use existing money and we will send a check to refill those funds). This is another case of the government moving faster than proper rule making can handle.
Re: My experience with the CARES Act
#7Applied for EIDL 3/18 w/ application number 20001.... was in the first group.
Applied again, twice, as two successive systems had to be deployed after the first crashed.
I've received $15,000 as an advance. The EIDL loan is critical to our survival, but my guess is the program will be void of funds soon, and well before I see any money.
I did get PPP funds. This will keep my people on the payroll another two months though its my sense - and I want to be wrong - that the economic crisis will continue for much longer.
Congress (namely Sen. Rubio who managed the Cares legislation) was a Miami lawyer for an influential law firm there who soon after starting practice entered politics having been groomed for the role (as I understand it). He has next to zero business experience.
The administration had the right priorities, but Congress is incompetent. The administration will get all the blame. Nobody will hold Congress accountable, and even fewer will hold China accountable.
The whole chain of responsibility is hopelessly broken.
Re: My experience with the CARES Act
#8My experience with crony capitalism was frustrating, confusing and unfair There, I fixed the title for you.
I don't see how this is "capitalism" in any sense of the word, crony or otherwise... but yes, your point stands. Any one who expects a square deal from the present administration is either naive, or in on the grift.
Congress CamperBob... it was the Senate the messed up the cares legislation.
Re: My experience with the CARES Act
#9The bill was rushed and people who needed it the least ended up profiting more than people who needed it the most and weren't successful in applying. The fault is on the people who designed that bill. The whole "please give back the money" political posturing, is just that, political posturing.
The whole small business == 500 employees PER location is a farce for instance.
Re: My experience with the CARES Act
#10Earlier quoted context omitted.
I don't see how this is "capitalism" in any sense of the word, crony or otherwise... but yes, your point stands. Any one who expects a square deal from the present administration is either naive, or in on the grift.
Congress CamperBob... it was the Senate the messed up the cares legislation.
(Shrug) McConnell and McCarthy don't make a distinction, and neither do I. In the absence of checks and balances, they are all complicit.
Trump didn't have to sign it, did he? The bucks stops where, again?