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Marco Rubio Profile picture
@marcorubio
Apr 22, 2020 • 7 tweets • 5 min read • Read on X
1/7: Despite challenges that come from being a massive new program less than 3 weeks old #PPP has:
-1.6 million #PPPloans averaging $206000
-74% for less than $150000
-Has helped save approximately 30 MILLION jobs

On thread below just a few examples:

lancasteronline.com/business/local…
2/7:
#PPP helping hundreds of Texoma small businesses kxii.com/content/news/P…
3/7: #PPP helping #smallbusinessowner in #Idaho

4/7: #PPP comes to rescue of Tuscarawas Valley businesses
timesreporter.com/news/20200417/…
5/7: #PPP savings jobs in #Hawaii

6/7: #PPP helping #smallbusiness in #Colorado

7/7: #PPP working in #Montana as #smallbusinesses have tapped $500M from Paycheck Protection Program so far mtstandard.com/business/monta… via @MontanaStandard

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More from @marcorubio

Marco Rubio Profile picture
Mar 18
Forcing TikTok to cut ties with China is a big deal and people have legitimate questions as to why and how.  Below 11 part thread short addressing some of the misunderstandings being floated around 1/11
2/11 First, because every company in China must do whatever the govt of China tells them we have banned such companies from our markets before. For example Grindr’s Chinese owner had to sell in 2020. Huawei refused to sell and is now banned.
3/11 Ideally we would use our CFIUS process for TikTok, too.
That’s is exactly what I called for 5 YEARS AGO! But CFIUS isn’t acting and so we must. cnbc.com/2019/10/09/rub…
Read 11 tweets
Marco Rubio Profile picture
Feb 24, 2022
#Ukraine update:
1. #Russia’s invasion has already taken longer & been costlier than #Putin expected. Almost certain his military & intel leaders knew this ahead of time but no one dared tell him his expectations were unrealistic (1of5)
2. #Russia has launched several attacks on Ivano-Frankivsk, Vinnytsia & Lutsk, cities very close to #Ukraine’s borders with NATO countries Romania,Poland & Slovakia. Just one mistake,miscalculation or misunderstanding could set off a broader & catastrophic conflict (2of5)
3. #Russia is carrying out deliberate strikes on civilian targets. The purpose is to demoralize the population & diminish the will to resist. (3of5)
Read 5 tweets
Marco Rubio Profile picture
Jun 29, 2020
5 part thread on context of Covid spike:

1. Goal of lockdown wasn’t to stop virus,it was to “flatten the curve”& buy time to improve testing & treatment & to increase hospital capacity

2. Couldn’t lockdown forever & always knew reopening would lead to case increase (cont) 1/5
3. The real issue isn’t the big spike in cases,it’s whether the spike is higher than we expected & whether this subsequently results in a big spike in the death rate

4. So far the growth rate of new cases is up 17% but the daily death rate is down over 60%,BUT.....(cont)2/5
5. There is a 3 to 4 week lag time between infections & death

6. The numbers provide us both insight into what would lead to a death rate surge & guidance on what we should be doing RIGHT NOW to prevent that from happening.(cont)3/5
Read 5 tweets
Marco Rubio Profile picture
Jun 1, 2020
1/4 (see thread,don’t quote selectively)

-We have clear reasons to believe Antifa is responsible for violence at protests

-And we should be concerned about anti-govt extremists who are online calling for attacks on police

Because both aim to destroy America
2/4: Yes, ANTIFA is a real collection of autonomous & violent radical groups & at multiple protests the violence comes from organized groups dressed & equipped like ANTIFA & using the same tactics as ANTIFA

Those being arrested often post bond with help of celebrities
3/4:Loosely organized groups who hate the police & want a 2nd Civil War is also real

During the last week some are on private social media chats calling for attacks against police

They are described as “far-right”. But they are really anti-govt/anti-American insurrectionists
Read 4 tweets
Marco Rubio Profile picture
Apr 13, 2020
#PPP UPDATE 1/7:
I continue to see lots of misinformation reported & repeated on PPP.
This program is new to everyone,so not claiming its intentional.

But we can’t address the problems if we don’t understand how to distinguish between what WAS a problem & what IS a problem.
#PPP UPDATE 2/7:
1st: Yes lots of confusion early on . Because no one on earth had ever done a #PPPloan until 11 days ago.

But lenders received clear guidance on the most important open questions last Thursday from Treasury & last Friday from Federal Reserve.
#PPP UPDATE 3/7:
2nd:Main reason some #smallbusiness having trouble getting into PPP is banks are overwhelmed with applications. Even the biggest banks are struggling with the level of demand.

One of the characteristics of crisis is that demand is greater than initial capacity.
Read 7 tweets
Marco Rubio Profile picture
Apr 10, 2020
#PPP UPDATE 1/7:
As of 2:30pm yesterday we had:
=Over 480000 #PPPloans made
=Over $124 billion approved
=Covers an estimated 12 million jobs

Despite early challenges over 35% of funds have been committed in first 5 days.

Why we need more 💴 for PPP ASAP
#PPP UPDATE 2/7:
Status of issues still being reported in the media.

Banks Only Lending To Existing Customers:Treasury released non-bank lender application to approve new non-bank lenders into PPP. Will allow businesses without existing customer relationships to access PPP
#PPP UPDATE 3/7:
Lender Liquidity:
-@federalreserve announced further details for its lending facility to create a secondary market for #PPPloans on Thursday
-@FDICgov relaxed regulations on banks’ leverage ratio for all PPP loans on Thursday.
Read 7 tweets

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