Thread on one of the most outrageous frameworks for a story you’ll ever see. Garbage story here: https://twitter.com/washingtonpost/status/1252256709218906113
First, you will notice that somehow the “White House, GOP Face Heat” for a program that was passed unanimously. (This newspaper drastically overplayed Pelosi and Schumer’s role in CARES but now they’re nowhere to be found. Do we still need the House to make laws, or no?)
Second - the premise is that hotels and restaurant chains ran the fund dry. Set aside basic understanding of franchise models or how they calculate that employees of some entities as less deserving than others, later in the story they let this slip:
Well that’s odd. So the entire premise of the story accounts for less than 10% of the fund? So maybe businesses were shut out because the fund was popular? Read on you will find 74% of loans were for under $150k
So maybe PPP needs more funding. What does the Post say about that:
In the most audacious fake news of all, they’ve positioned Chuck Schumer and Senate Ds as the folks who are trying to get PPP funded. The story does not mention those very people have spent the last 10 actively BLOCKING GOP efforts to fund the program while it ran dry.
Just to take you back a bit - those newfound heroes trying to fund the small biz program, however, are not to blame for the program itself which as we’ve read has many flaws that are of GOP making. Got all that? Nonsense.
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