Thread by @ManDaveJobGood

If you haven't been following me for a while I'm going to let you in on the biggest secret that white people aren't supposed to know about the pandemic relief programs

You can pick any name that you think might fit the profile and find hundreds of businesses with a single employee

If we take a look at our first Donquavius, we can highlight a pattern: a huge quantity of PPP loans were given in Georgia. With so many small business owners these must be very vibrant communities!

While many of these loans were given out well before Peter Schiff tweeted this, I'm not sure if he realizes just how prescient his tweet was

Nearly all were forgiven, especially the single employee ones. A few people who made flashy purchases and claimed larger loans got caught

Many, many Dodge Hellcats were repossessed, however. You can find very funny TikTok videos on this

What was the money spent on? Crab legs, down payments for Dodge Hellcats, Air Force 1s, trips to Miami, designer bags, and expensive alcohol seem to be the most common items

Biden has prosecuted a very small number of cases of fraud and sometimes talks tough and spooks them. Meanwhile Trump is often seen as a generous source of free money

In addition to crab populations taking a huge hit from 2020-2022, the proliferation of Dodge Hellcats at this time, seen in the name "Hellcat Me PPP", may also help to explain the famous motor vehicle death rate graph by the great @Steve_Sailer

@Steve_Sailer Inflation, the slow rate that people returned to work, and many other peculiar patterns from 2020-2022 can best be understood by realizing there was a not-quite-life-changing influx of cash into certain communities from fraudulent PPP loans as well as other pandemic-era programs

When you look at the businesses though, you realize a lot of them had a really great sense of humor about the whole thing. It's hard for me to get that mad at people who recognized a really easy mark and got a trip to Miami with bottle service out of it

Again, there are an unbelievable number of datapoints from this era

There are multiple databases that still have all of this available, between this and "PPP + [word]" searches on Twitter it's endless entertainment

🧐🧐🧐

I think there might a reason besides inflation that Nike sales rose to a record high in 2021 and then found themselves with too much inventory by the end of 2022

Anyway here's an unrelated thing that was also happening:

I had always guessed this would happen once they realized the implications of actually prosecuting fraud, but it's nice to see confirmation

An update on our friend Donquavius:

I decided to test out some wild names in the PPP database on ProPublica. Feel free to try for yourself and post the best ones

Huh

I wonder how the Hellcat became so common in high crime neighborhoods in the first place

Hellcats seem very dangerous!!!

Though I hadn't seen this plot, I'm not surprised. Having monitored this for so long, I noticed that our Pandemic Small Business Owners always call for lockdowns whenever they see a headline about covid cases rising. Many express regret for not getting loans the first time

Many such cases! I imagine they're staying ready with some LLCs just in case

A very interesting story that answers a lot of PPP questions:
lohud.com/story/news/cri…

This scheme was cooked up by a government employee, and someone with a little bit of finance knowledge. Makes sense that people with a little insider knowledge were involved, and that they got kickbacks

Also explains certain cities and states having high numbers of loans

An additional update, someone pointed this out to me yesterday but I can't find the comment

Lyrics from a recent track by Chief Keef:

ImPPPortant second thread about the fate of some of these small business owners:

After thousands and thousands of requests to create a country song using AI tools about PPP fraud, it's finally here

An answer to the most PPPressing question of the 2020s