{"id":3065,"date":"2020-07-14T11:42:45","date_gmt":"2020-07-14T11:42:45","guid":{"rendered":"http:\/\/lonecandle.com\/?p=3065"},"modified":"2020-07-14T11:42:45","modified_gmt":"2020-07-14T11:42:45","slug":"the-ppp-worked-how-it-was-supposed-to-thats-the-problem","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=3065","title":{"rendered":"The PPP worked how it was supposed to. That\u2019s the problem."},"content":{"rendered":"\n<p> &#8220;The controversy surrounding the PPP, which supports businesses with 500 employees or fewer, has a lot to do with a disconnect between the program\u2019s design and how Americans think about business. The real goal of the PPP was to keep American workers on payroll, not to simply keep small businesses going. And so the majority of the money was disbursed to businesses with more employees, rather than to tiny ones with small staffs. That\u2019s why a program widely perceived as being meant to boost the United States\u2019 most vulnerable small businesses ended up prioritizing businesses that aren\u2019t actually that small.&#8221;<\/p>\n\n\n\n<p><br><a rel=\"noreferrer noopener\" href=\"https:\/\/www.vox.com\/recode\/2020\/7\/13\/21320179\/ppp-loans-sba-paycheck-protection-program-polling-kanye-west\" target=\"_blank\">https:\/\/www.vox.com\/recode\/2020\/7\/13\/21320179\/ppp-loans-sba-paycheck-protection-program-polling-kanye-west<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The controversy surrounding the PPP, which supports businesses with 500 employees or fewer, has a lot to do with a disconnect between the program\u2019s design and how Americans think about business. The real goal of the PPP was to keep American workers on payroll, not to simply keep small businesses going. And so the majority of the money was disbursed to businesses with more employees, rather than to tiny ones with small staffs. That\u2019s why a program widely perceived as being meant to boost the United States\u2019 most vulnerable small businesses ended up prioritizing businesses that aren\u2019t actually that small.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[588,409,483,217,165,167,411],"class_list":["post-3065","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-corona","tag-coronavirus","tag-covid-19","tag-economics","tag-economy","tag-government","tag-policy"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/3065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3065"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/3065\/revisions"}],"predecessor-version":[{"id":3066,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/3065\/revisions\/3066"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}