Tuesday, April 7, 2020

The $2.2 trillion ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ or ‘‘CARES Act”

TrumpLoan’s Take-off is Nothing Like ObamaCare’s Crash 
 2020-04-07  Source: TTN by: Deroy Murdock

NEW YORK President Donald J. Trump can’t even hand out $350 billion in peace.

As the Paycheck Protection Program (PPP) prepared to launch last Friday — to transport loans (some forgivable) to small businesses slammed by COVID-19 — the president’s critics were quick to predict its failure. And their metaphor for its expected rocky debut was, what a surprise, totally inappropriate.

“There is also significant concern that the process and portals created to manage the loan demand will crash over the course of Friday,” CNN claimed. “This has a very Obamacare website rollout feel to it,”

“The potential failure to deliver small business aid as promised — one of the first big rollouts from the [COVID-rescue] legislation — could deal a major blow to public confidence as a crippling recession looms,” Politico trembled. “Some fear a disaster that could dwarf the failed kickoff of the Obamacare enrollment web site in 2013.”

ObamaCare? Let’s not go there.


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