Let me run through this shoddy “CARES Act” math & strategy again (which should be called Congress really doesn't care about small biz)...
Small biz is HALF the economy- half the revenues, half the employees- in more than 30 million entities...
Small biz is HALF the economy- half the revenues, half the employees- in more than 30 million entities...
Despite being forced to shut down in many cases, they received less than 20% of the “CARES” stimulus, which required a free-for-all at banks (which, not surprisingly, seem to have prioritized larger small biz customers w existing relationships)...
...leaving most small biz, particularly the smaller & more vulnerable, out in the cold, all while universities, including those w big endowments, got billions & govt cronies like the Kennedy Center millions without having to do squat.
This isn't emergency "CARE", it's a travesty
This isn't emergency "CARE", it's a travesty
And for the geniuses in the media, govt, etc "surprised" that the small biz/PPP part ran out of money already, you gave HALF the economy only *20%* of the funds- $349 billion for 30.2 million entities- WTF did you think was going to happen?
#MathisHard
#MathisHard
*Sorry, less than 20% of the funds!
