Birdwatch Note Rating
2022-08-27 00:29:02 UTC - HELPFUL
Rated by Participant: DE30C815F8042AA6114D43084EA2C2679D4CB7C0FEDF1C0D86CCCCF5EA6095C4
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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