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Did 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)
SBA has been faster at delivering money than they have been at communicating about it. We've heard from tons of businesses that got EIDL money but never received an email about their application.
I personally also had a very frustrating experience with the CARES act, specifically PPP loans. Applied as soon as they came out, directly with the SBA first, then with 3 different banks. Still waiting :( However, at the end of the day, businesses are not what's essential, people are. And that's why it's so infuriating that the government has acted pretty much exactly on the opposite view. It has prioritized saving h…
If you give money directly to people it disrupts the power system. It gives people options if they suddenly have money that isn’t tied to work. By giving it to companies first you maintain the system of wage slavery that exists for the ~50% who live paycheck to paycheck.
The rationale of the PPP is to help out businesses forced to close during lockdown so that they’re (hopefully) around to employ people when the lockdown ends.
Direct cash might seem more effective in the short run, but it falls apart once the payout period ends. If anything it’d lead to people being less likely to find sustainable work as the null option would be higher valued.
Off topic: What persuades front-end developers to make their site capture backwards navigation. No TechCrunch, when I press back I should go to the previous page, not yours again.
Earlier quoted context omitted.
If you give money directly to people it disrupts the power system. It gives people options if they suddenly have money that isn’t tied to work. By giving it to companies first you maintain the system of wage slavery that exists for the ~50% who live paycheck to paycheck.
Do you really think that giving the same amount of money directly to consumers has any chance of providing a solution that will outlive the hand out period? The rationale of the PPP is to help out businesses forced to close during lockdown so that they’re (hopefully) around to employ people when the lockdown ends. Direct cash might seem more effective in the short run, but it falls apart once the payout period ends.…
Earlier quoted context omitted.
If you give money directly to people it disrupts the power system. It gives people options if they suddenly have money that isn’t tied to work. By giving it to companies first you maintain the system of wage slavery that exists for the ~50% who live paycheck to paycheck.
Do you really think that giving the same amount of money directly to consumers has any chance of providing a solution that will outlive the hand out period? The rationale of the PPP is to help out businesses forced to close during lockdown so that they’re (hopefully) around to employ people when the lockdown ends. Direct cash might seem more effective in the short run, but it falls apart once the payout period ends.…
That is why we don’t give money directly to people unless it’s a last resort to prevent civil unrest.
Earlier quoted context omitted.
The bill was passed, everyone that voted for it is responsible.
This is reductionist. There is a crowd dynamic here. Something needed to be done quickly. A minority of senators cannot keep waiting until they get what they want. Republicans would then blame the democrats for stalling the bill. GOP has become either stupid or plain evil. I have no doubt any more after events of the last one year.
This was the 3rd bailout bill, of many? They had time for 4 hours of debate, but then went for a voice vote so they wouldn't be on the record.
This 2T bailout is going to go down in history as one of the most reckless things / or outright transfer of wealth that has ever occurred. It was bad legislation.
Lastly it was dishonest -- calling a grant with conditions a loan is just a lie. People pay back loans, these will never be paid back.
The 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.
The 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.
> people who needed it the least The fee's that banks collected for processing the applications. Edit to clarify: The amount of money that banks collected in fees is also a major problem. There are allegations that Banks purposefully shuffled application orders to allow for larger amounts to be processed first, so they would collect more in fees (the fee collected was based on the % of the loan request).
Earlier quoted context omitted.
This is reductionist. There is a crowd dynamic here. Something needed to be done quickly. A minority of senators cannot keep waiting until they get what they want. Republicans would then blame the democrats for stalling the bill. GOP has become either stupid or plain evil. I have no doubt any more after events of the last one year.
What needed to be done? Backstopping unemployment? Making sure there is some funding for the medical establishment? This was the 3rd bailout bill, of many? They had time for 4 hours of debate, but then went for a voice vote so they wouldn't be on the record. This 2T bailout is going to go down in history as one of the most reckless things / or outright transfer of wealth that has ever occurred. It was bad legislation…
Did 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)