this post was submitted on 30 Mar 2024
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Economics

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[โ€“] [email protected] 21 points 1 year ago* (last edited 1 year ago) (2 children)

The PPP itself was just fine, Trump got rid of the independent oversight watchdog that was to look over it. And months later once it was trying to hobble its way back to oversight, the administration instructed government agencies to be as uncooperative as possible. So of course without a watchdog, the foxes took everything they could from the hen house. The program itself wasn't the issue.

https://apnews.com/article/virus-outbreak-donald-trump-ap-top-news-politics-health-cc921bccf9f7abd27da996ef772823e4

https://www.reuters.com/article/idUSKBN23M2XC/

[โ€“] [email protected] 6 points 1 year ago

Trump got rid of the independent oversight watchdog that was to look over it.

And unsurprisingly billions of dollars disappeared shortly afterwards.