ANALYSIS: How to stop the business loan program from benefiting the rich

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Analysis: The loans were so easy to get that many wealthy people were able to benefit, while smaller companies were left behind when the money ran out. - SRuhle

"How can we hire everyone back?" asked the executive, who requested anonymity."My employees are now collecting unemployment. If I convince them to return and then we are still shut down through the summer, I'll have to let them go all over again."

"There is no reason to offer forgivable government loans to businesses that have been only marginally hurt, especially when the program has a cap on it," said Ron Kruszewski, CEO of Stifel Financial, an independent investment bank."Going forward, everyone should be required to demonstrate true financial hardship in order to have these loans forgiven. It is imperative to ensure this money ends up in the hands of those who need it most.

 

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SRuhle Obviously. occupyDC anyone? Lord knows we have the time.

SRuhle

SRuhle Those funds should have been allotted to the individual States with specific rules that the funds were to be distributed to small businesses only per Congess' Legislation.

SRuhle

SRuhle 😂😂😂😂as usuAl...its only paper..and the rich always benefit.

SRuhle Larry, Moe and Curly could have done a better job.

SRuhle I can first hand attest to both

SRuhle You really thought it would be anything different

PamKeithFL SRuhle We were warned about this possibility by SRuhle.

CJ_isnowblue SRuhle Not surprising. After all, those are the companies that donate huge to GOP & their super PACs.

SRuhle 45 is that what you wanted? To make big corporations even richer so they can finance your re-election.

SRuhle Do you remember Wells Fargo playing games with people’s interests?

SRuhle No way

SRuhle Of course. Rich get richer.

KattyKay_ SRuhle We were shut out. No loan and now e have to close.

SRuhle This is a fact.

SRuhle All Empires in History have Fallen But who would have thought it would happened from your OWN people.

SRuhle Still No Stimulas Check Is America being great again yet Have white Americans finally realize that their government doesn't give a flying f*** about them.

SRuhle Did anyone actually think this would turn out any differently?

SRuhle Print the list of all companies that received the loans, and what each company paid in taxes in 2019. Simple and fair request of transparency.

SRuhle BugOrFeature?

SRuhle Let's TryUBI

SRuhle Trump - THE ULTIMATE 'Grifter In Chief' or as we call him 'Don Da Con' .....

SRuhle Said this yesterday. Republicans and greedy wealthy, large banks and corporations don’t really give a damn about those that need assistance.

SRuhle It is called 'socialism for the rich'!

SRuhle That sums it up. Our bank got information when they ran out of money.

SRuhle This is what Democrats want to fix, so those who actually have a need will get the help! Moscow Mitch whines that Dem's won't allow more spending/give away to rich!

SRuhle WHY IS ANYONE SURPRISED

SRuhle Shocking

KattyKay_ SRuhle Not another fuck-up by the Trump Administration? Surely not......?

SRuhle This was intentional

SRuhle The Trump incompetent corrupt regime orchestrated this. This outcome was a given. PPP PPPloan

SRuhle Remember the book The Decline of the American Empire? We are watching, in real time, The Demise of the American Empire. I’m sad to think that any new President will be able to stop it. I think I need to start to learning Mandarin

SRuhle This has to stop

SRuhle Our small business got the run around on that complete disaster of a process...We service gun ranges in 50 states... it’s been devastating to us and them. I have lost all faith in the GOP which I have proudly supported for decades...they will not get that support going forward

SRuhle The three amigos laughing all the way to their bank accounts ,..most corrupt administration EVER

SRuhle To late, the rich already have their bank account full. Any surprise?

SRuhle And Democrats in Congress have shut the program down and we can count on Democrat mainstream NBC to NOT ASK PELOSI OR SCHUMER ANY TOUGH QUESTIONS LIKE WHY ARE YOU PUTTING AMERICANS OUT OF WORK?

SRuhle It operated as it was designed.

SRuhle As usual. America is geared for the wealthy. Everyone else can pound salt.

SRuhle

SRuhle They written it for them to eat.

SRuhle By the time my bank had applications and running “they ran out of money” no help for our small business and I get no personal “early tax return” $1200.00 Because I own a business - I call BS

SRuhle People need to be reminded what constitutes a “small business”

SRuhle But we can’t increase SNAP and WIC benefits because poor people might buy Doritos and Twinkies. 🤷🏻‍♂️

SRuhle Go figure!!!! Fuck!!!

SRuhle The three most common Mnuchin lies: 1. The check's in the mail. 2. Whatever I just said. 3. I promise I won’t Mnuch in your mouth.

SRuhle I cannot understand why your WH reporters literally sit dumbfoundedly during TRUMPs stupidly made comments. No challenges, no rebukes, and no calling out obvious inaccuracies. Where are the BALLS?

CarmenWbluewave SRuhle Benefitting the rich is always the GOP plan. VoteBlueToSaveAmerica

SRuhle Well suprise suprise!!

SRuhle You'd think the IRS is tRumps Personal Bank Account.

SRuhle 🤔

SRuhle The rich get rich and the poor get poorer...

SRuhle Gee, we’re all shocked, SHOCKED, that I can tell you...

SRuhle Special people get special access. First come first serve so smaller businesses or people without political influence do not get stimulus money. Simple as that.

SRuhle Dont foget the non-tax paying churches rushed for the loans!

SRuhle Typical for these aristocrats.

SRuhle Stop the program! Period! Inexcusable as always!

SRuhle The wealthy will always take care of their own. That will never change.

SRuhle You can’t. The rich are in charge of handing them out.

SRuhle Just like the farm bailouts.

SRuhle

SRuhle We were not told upfront you NEED TO FILE 2019 taxes prior to getting the PPP loan. We ended up calling our bank while our loan sat pending for over a week.

SRuhle My new chin is disgusting !

SRuhle I am surprised a man of the people like Donald Trump would let that happen. He will figure out a way to blame someone else, he wants all the credit signing the checks but will run for cover when things get tough.

CheriJacobus SRuhle Hi! Do you think your audience would like to watch the Daily Press Briefings live with you? Because we do and we'd like to pay you to create that experience for them -- engage directly in our chat room and grow your audience. Website link in bio. DM if you want to talk!

SRuhle The mom and pops got screwed -again!

SRuhle It has been my view that Trump Administration is only half assed at getting things done right. This moronic administration only halfway at the best solves any problem

SRuhle I don’t understand. These loans were supposed to be for small businesses, so why are these mega companies and millionaires getting them?

SRuhle That’s not news it was expected!! More cronyism!!

SRuhle Thanks realDonaldTrump and senatemajldr MitchMcConnell! DitchMitch2020

SRuhle Lies.. fake news

SRuhle Guess who got the loans? (Cough trump properties)

SRuhle Nbc is lying

SRuhle

SRuhle What a shock this administration’s goal has always been to in any way possible enrich the rich

SRuhle I had put in for this my first day of closure No response or communication from SBAgov RepDLamborn SenCoryGardner re micro business here in CO Good luck getting a local cup of coffee and muffin after this nightmare. At this rate the US won't reopen until Dec. If I can at all

SRuhle Shocking!

SRuhle And yet, no protesters in front of stevenmnuchin1 USTreasury . No protesters in front of realDonaldTrump WhiteHouse. I wonder why.

SRuhle GOP and Trump are a complete failure!

SRuhle Is anyone surprised that big business got the loans and the local restaurant did not...

SRuhle RepGregSteube hey Greg you are so concerned with the PPP seems a lot of rich guys got it! How about the oversight? We’re waiting! GOPBetrayedAmerica GOPInsiderTrading GOPCorruptionOverCountry TrumpLiesPeopleDie

SRuhle IF YOU DIDN'T PROPERLY PUT IN FOR THESE LOANS AND GRANTS AS SOON AS IT WAS ANNOUNCED, THEN YOU SAT ON YOUR ASS AND WAITED FOR SOMEONE TO DO THE WORK FOR YOU. THATS WHO DIDN'T GET ANYTHING. AGAIN, YOU SNOOZE YOU LOSE.

SRuhle Definitely only republican business owners took advantage of this, right? Certainly the Democrats would never stoop so low

SRuhle Yup: the wealthy always win with their stacked deck: Just give the money directly to the people.

SRuhle Why did the democrats pass such a bill?

SRuhle 😡😡😡😡😡

SRuhle No surprise, first you get rid of the oversight and make sure all your rich friends get all the funds. This guy will not stop until he has drained the country.

SRuhle This will not end well.

SRuhle We need to look at the dollar amt of the loan the larger the dollar amt the richer the co small business would not apply for very large dollars loans !!!

SRuhle That's easy. Get rid of the Republicans in office. Nothing else will work.

SRuhle Does Mar-a-Lago fly the Confederate flag?

SRuhle That’s the republican way.OnlyTheRich

SRuhle ✋

SRuhle You had to see this coming, it's Republicans at work, people how donate to the Republican reelection funds got the money first, everyone else pick a number and wait.

SRuhle That is no surprise to me. I suspected that and went to the SBA site today to check it out.

GeoffRBennett SRuhle Once again everyone gets screwed but trump’s rich pals

GeoffRBennett SRuhle I'm so surprised

JohnLaprise SRuhle Likely they had connections...?

SRuhle

SRuhle The faces of corruption...

SRuhle My analysis: 3 out 4 of my professional acquaintances that I have asked if they signed up for the program have received funds. All of these companies have less than 10 employees and have not been left behind. But NBC wants to tell you a story not the story.

SRuhle

SRuhle Many small businesses in our area, mom and pops were denied, while million dollar restaurant chains were given money. Shameful

SRuhle A restaurant chain with 400 locations reportedly got $10 million from the PPP program while small businesses seeking $100k were out of luck. No wonder they ran out of money. Any expansion should tighten the criteria.

SRuhle you should stop resending this race baiting garbage. The program could have been funded again last week but Nancy Pelosi would rather eat chocolate in front of her $22,000 Refrigerators

SRuhle Was there any doubt this would happen?

SRuhle trump and his admin are a failure

SRuhle Corruption 101. 25THNOW

SRuhle When Larry Kudlow’s wife, an artist, finds it easy to get a small business loan, the system is broken. I wonder how many employees she has. Why doesn’t Mr. Kudlow give her a loan? He has millions.

SRuhle How much did Trump get?

SRuhle the rich don`t need the money the corporations so giv it to the workers who do

SRuhle Yup... just what we thought. Vote blue in November as if your life depends on it... because it does.

SRuhle keep trying nbc november is coming. i can't wait to watch MSNBC -tds again. trumptrain maga maga2020

SRuhle Hope y’all with small businesses remember this in November!?🤔

SRuhle

SRuhle And the story repeats

SRuhle He Fvvvked the working class again. How is surprised by this?

SRuhle Hate these grifters so much. Can’t wait until they’re gone.

SRuhle figures that's probably what the GOP and Trump had in mind in the first place when they approved

SRuhle Typical whenever there is no strict oversight!

SRuhle No one believes your Fake News

SRuhle FakeNews

SRuhle THIS!!!

SRuhle “Many wealthy people “!!! Another abstract statement! NBC...find something positive...

SRuhle

SRuhle 💯 % Agree 👇🏽Small Businesses are still in the same hole NO FUNDS for small businesses—Thats horrible— that’show the system is set up n how it works! SBAgov LatinoTaxPro CorpNet

SRuhle We need more funding!! SpeakerPelosi stop blocking more loans!!!!

SRuhle The fat cats already got the loans, 'going forward' it should be more difficult to get the loan For the people still left on line - the small businesses who really need it? Meanwhile the rich got their 'free money'!

SRuhle The story about goverment doctors which work for goverment army cia how did that story start

SRuhle I’m sure that was the plan all along.

SRuhle 🤢☹️

SRuhle

SRuhle No names it didn't happen.

SRuhle Define rich. The Small company I work for got a loan/grant which allowed 18 laborers to continue getting a paycheck. It’s hardly a “rich” company.

SRuhle

SRuhle Great job GOP realDonaldTrump

SRuhle They are already saying Hedge funds got small business loans. They used a pandemic to do it. We can’t let them get more money. I know people need it but nobody gets it anyway. CoronaVirusUpdate

SRuhle It was impossible for ordinary ppl even get on web site. 2008 all over again

SRuhle Crony Capitalism at its worst. CorruptGOP GreedOverPeople PredatoryCapitalism

SRuhle Munching knows how to take care of friends.

SRuhle This is On Trump and his corrupt family

SRuhle $$Billions gone and I have not seen my $1200.🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

SRuhle Thanks to idiot SpeakerPelosi and her Democrats

SRuhle Who did not see that going to happen?🥴🥴🥴🥴🥴🤑🤑🤑🤑

SRuhle It’s almost as if this was on purpose!

SRuhle That's not true because if it was the Democrats would be passing the Senate bill so that they could keep filling their pockets

SRuhle We don't care. All we care about is the stock markets bubble which we have been able to save. We'll start caring about people when they stop voting for morons. So we're safe.

SRuhle Oh lord. The 'Small Businesses Funding' didn't go to Small Enough businesses, huh? What a spin.

SRuhle Follow the money

SRuhle Terrible reporting all day. You guys have sold tour souls, who the hell aproves this garbage?

loveland52 SRuhle That’s how they designed it...

SRuhle

SRuhle Look into who got what money. Not just with this but with government contracts. Trump is robbing us guys.

SRuhle Thanks nbc

SRuhle

SRuhle

SRuhle How sad...my daughter applied the first day, she has a hair salon that has been closed for over a month, her rent is $25k per month and was counting on this...I know people who applied and did not need it and they probably got it. So sad...

SRuhle I’m not sure America has confidence in Biden. I think he needs to up his game.

SRuhle The loans weren't easy. BoA changed their requirements 3 days straight. Then finally settled on 2019 1040 - which we haven't done yet

SRuhle I feel so badly for the small businesses that weren’t able to get the benefits of this government program....Small family owned restaurants in Chicago are second to bigger restaurants and hotels...They are dying and Trump thinks he is doing his very best....So absolutely tragic!

SRuhle That was the GOP’s plan all along.

SRuhle What?!? The wealthy taking advantage of the situation. I’m shocked!!

SRuhle Of course!!! Our hated friend called socialism.

SRuhle The loan program worked while it was funded. My sister a SMALL business owner got her check.

SRuhle Easy, change the criteria for Small Business entitlement, but then that impacts velocity of issuing $$

SRuhle America summed up pretty good there

SRuhle so, functioning as designed then...

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