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ralph nader on expectations, the american dream, corporate welfare
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<blockquote data-quote="Up In Smoke" data-source="post: 5324436" data-attributes="member: 79702"><p><h3>Fed report finds 75% of $800 billion Paycheck Protection Program didn't reach employees</h3><p>St Louis Fed reports $.75 of every dollar shelled out to businesses during the months of March and April 2020 went to businesses and owners that were unaffected by the pandemic. 11.5 million loans were approved and an average of 180k per employee was paid out to those businesses. Free money with no oversight.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5324436, member: 79702"] [HEADING=2]Fed report finds 75% of $800 billion Paycheck Protection Program didn't reach employees[/HEADING] St Louis Fed reports $.75 of every dollar shelled out to businesses during the months of March and April 2020 went to businesses and owners that were unaffected by the pandemic. 11.5 million loans were approved and an average of 180k per employee was paid out to those businesses. Free money with no oversight. [/QUOTE]
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