The Democrats, led by Nancy Pelosi, refused to provide more funding to the small business loan program. They wanted to add money for hospitals and states, but that is not what this program was intended to do. This program was to keep small businesses afloat, and to keep people employed.
Instead the Democrats demanded other funding be included. “Last week, Treasury Secretary Steven Mnuchin asked Congress to allocate $250 billion more for the program. But a GOP attempt to approve it was rejected by Senate Democrats, who maintained that additional cash should include emergency funding for hospitals and states, as well as some changes to the small business aid program. Republican aides have said conservatives will reject any spending beyond the PPP.” The Republicans do not want to add anything else. So businesses are in limbo, not even able to apply, until the Democrats drop their demands for funding for other entities.
Time is running out for the program, small businesses, and the United States economy. Nancy Pelosi and her cabal will carry all responsibility for the failure.
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