Apparently the SBA makes exceptions:
"Are small business concerns (as defined in section 3 of the Small BusinessAct, 15 U.S.C. 632) required to have 500 or fewer employees to be eligible borrowers inthe PPP?Answer: No. Small business concerns can be eligible borrowers even if they have more than 500 employees, as long as they satisfy the existing statutory and regulatorydefinition of a “small business concern” under section 3 of the Small Business Act, 15U.S.C. 632."
https://www.sba.gov/sites/default/fi...062520-508.pdf
When I die, turn me into a brick and use me to cave in the skull of a fascist
It has offices in Santa Ana and NY. It produces articles, books, journal, podcasts, webinars, courses, conferences, scholarships, and has an estore. There are 51-200 employees.
Perhaps there are exceptions to all these rules as there are for having less than 500 employees. If you read the FAQ there are all kinds of exceptions.
As I said, I was only correcting your statement that it has to be an "essential business" to qualify and not trying to justify any organization getting the welfare benefits.
Based on your criteria, I'm not sure how these businesses qualified, either:
The Archdiocese of New York got a loan valued at between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington, D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million.
Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump’s son-in-law and advisor Jared Kushner’s grandfather, got a loan in the range of $1 million to $2 million. Jared Kushner’s parents’ family foundation supports the school, NBC News reported.
Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women’s National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000.
Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000.
The law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million.
Transportation Secretary Elaine Chao’s family’s business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Chao is the wife of Senate Majority Leader Mitch McConnell, R-Ky.
We neither one have a clue about how they qualified. However, looking at the FAQ's from the SBA and many of the other businesses and organizations getting the funds there are many different exceptions, variations, and obviously political connections involved.
As I said, I was only correcting your statement that they had to be an "essential business" to qualify, not justifying their benefit.
It doesn't produce those things...publishing companies do.
ARI doesn't have a printing press.
It doesn't manufacture anything for its e-stores. Someone else does (probably China).
Webinars/conferences/etc. can all be done remotely.
And I don't think any of them should have gotten PPP funds. Truth be told, I don't think any business should get welfare. Consumers and individuals are always asked to save for a rainy day or emergency...why shouldn't businesses be treated the same? Businesses should have to save for rainy days too.Based on your criteria, I'm not sure how these businesses qualified, either:
I would have taken that $3.5T in COVID relief and guaranteed everyone's wages instead of handing out checks to anti-welfare welfare queens like the ARI...after repealing the last 40 years of tax cuts of course.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Phantasmal (07-07-2020)
He relented after he already handed the money out.
So it's too late at this point; they already got the money.
But every single ARI out there, that went to the PPP trough, serves as another reminder as to why Conservatism and Libertarianism is bankrupt in every sense of the word.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Even organizations whose mission statement is hostility toward any government spending.
And millions who were affected by COVID didn't. Instead, their stimulus checks went to ARI and other "think tanks" and operatives.Millions of Americans who were not affected by COVID got stimulus checks.
When I die, turn me into a brick and use me to cave in the skull of a fascist
It wouldn't have mattered. They would have still gotten the money even if it was made public at the time.
What do you think political power is all about if not giving money to your buddies couched in terms of "helping the people"? Liberals just give to different buddies than conservatives--both equally corrupt.
Perhaps, perhaps not. I guess we'll never know now...
Liberals give to people, Conservative and Libertarians give to their friends.What do you think political power is all about if not giving money to your buddies couched in terms of "helping the people"? Liberals just give to different buddies than conservatives--both equally corrupt.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Bookmarks