Trump’s Corrupt Recovery: A $27 Million Bailout For His Donor’s Private Jets
May 15, 2020
Trump has used coronavirus relief to help his wealthy and well-connected friends. Meanwhile, his administration has taken the crisis as an opportunity to push his disastrous agenda.
The Trump’s administration managed to give a $27 million bailout to a private jet company founded by one of Trump’s donors.
CNBC: “A private jet company founded by a donor to President Donald Trump received nearly $27 million in government funding under a program run by the Treasury Department, according to government filings.”
And a company whose largest shareholder is Trump’s campaign manager received a PPP loan.
CBS News: “A company whose largest shareholder is Trump campaign manager Brad Parscale received nearly $800,000 from the federal coronavirus relief fund for small businesses, according to a filing with the U.S. Securities and Exchange Commission.”
Meanwhile, 75% of small businesses have sought PPP loans and only 13% have received funding.
Axios: “A report from the Census Bureau finds that three out of four U.S. small businesses have sought financial assistance through the Small Business Administration’s Paycheck Protection Program, but data show that just a fraction of those have received funding.”
CNBC: “While the $660 billion Paycheck Protection Program was instituted to give [small businesses] a lifeline through the coronavirus and economic shutdown, only 13% of the 45% who applied for the PPP were approved. Among all respondents, 7% already received financing and 18% are still waiting for a response from a lender.”
DeVos is funneling coronavirus relief to push her disastrous agenda that undermines our nation’s public school system.
New York Times: “Education Secretary Betsy DeVos is using the $2 trillion coronavirus stabilization law to throw a lifeline to education sectors she has long championed, directing millions of federal dollars intended primarily for public schools and colleges to private and religious schools.”