86 - Why SBA's Paycheck Protection Program Is A Failure and Why Small Biz Matters
Apr 07, 2020•15 min
Episode description
Why Main Street will look like a ghost town and other devastating outcomes of the government's shutdown and "help" of small business. I explain why small businesses matter (they employ half the private sector in America) and why the SBA's Paycheck Protection Program is a failure. It's grossly underfunded, favors large businesses, and shows a complete misunderstanding of how small businesses work and the money they spin off for the good of the economy. And don't tell me about the unemployment option for gig workers — it'll take months for states to ramp that up.
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