Mr. Luddite


The loans being offered to small businesses as
an inducement to keep their employees employed
is running into some major problems because of
the way Congress wrote the $2T package.

One problem is a result of the Dems insistence
that unemployment benefits be increased to the
point where laid off employees can receive more
money in benefits than they earned at their
jobs.

If a small business owner applies for the loan
and he/she can convince the employees to stay
employed, the loan becomes a grant.
If the employees decide to collect instead, the
loan becomes what it is ... a loan that has to
be repaid.

Another problem is how the money from the SBA
is distributed. A certain percentage can be
applied to payroll, another percentage towards
rent, etc.

In high rent areas, there's not enough money to
pay both rent and the employee wages.

We can thank you know who for this .....

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Getting paid more NOT to work? Wow. What a dream job not to have.