Birdwatch Note Rating
2022-08-26 17:25:13 UTC - HELPFUL
Rated by Participant: CA997353F2E5714FC84F2EB9AFBBB5BD54FCC4CF1711A6811228FFB086060C13
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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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