More Congressional Delay

Congress Bickers While Businesses Die

Another week has gone by & Congress still can’t agree on adding funds to the PPP “small business rescue” program.

Republicans wanted to just re-fund the program and get money moving out to small business. Even though it was obvious that more would be needed later. Again.

Democrats decided to hold up the funding for a week or more in order to add a shopping list of other Democratic ideas, plus more money for the basic program.

Most of the small business owners I know believe that the “extras” can wait for the next round of bills & financing. And most business owners are past despair & into serious anger over the delay.

And when they do finally do finish their political maneuvering.

“This is going to go within, at most, 72 hours,” said Consumer Bankers Association President Richard Hunt, who represents large banks. “But the odds are more like 48 hours.”

Poof! Gone!

Just like the predicted 40% of local small businesses that are likely going to fail within 3 months.

There won’t be many winners from this debacle, except for Amazon’s Bezos & some Wall Street investors who are making $billions.

By the time November elections come around, voters are going to be really, really angry.. at ALL politicians!

Actually, I’m not waiting. I’m a small business owner and I’m mad at all of them right NOW!