Birdwatch Note Rating
2022-08-26 22:37:41 UTC - HELPFUL
Rated by Participant: 95A261851F4881ACD3DEA2EA2E8A79EB5B83376F34EB5E4972AB035ACBD34906
Participant Details
Original Note:
An analysis of the Paycheck Protection Program (PPP) estimates that only 23-34% of PPP dollars went directly to workers who would otherwise have lost jobs. The majority flowed to business owners and shareholders, including creditors and suppliers of PPP-receiving firms. https://www.nber.org/papers/w29669 https://www.nytimes.com/2022/02/01/business/paycheck-protection-program-costs.html https://reason.com/2022/02/09/the-federal-governments-pandemic-jobs-program-was-a-resounding-failure/
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