I agree with this in principle, in the sense that it’s frustrating that people who complain endlessly about the stimulus checks seem to think the PPP loans were a necessity, and that’s rank hypocrisy. But the phrasing of this statement is bullshit. The PPP loans totaled a little under $800 billion, while the stimulus checks totaled a little over $800 billion. So it was a lot more than “a few $600 checks”.
I agree with this in principle, in the sense that it’s frustrating that people who complain endlessly about the stimulus checks seem to think the PPP loans were a necessity, and that’s rank hypocrisy. But the phrasing of this statement is bullshit. The PPP loans totaled a little under $800 billion, while the stimulus checks totaled a little over $800 billion. So it was a lot more than “a few $600 checks”.
I’m not going to fact check this number and I will just edit the title with it.
Just in case anyone comes along to question this.
https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html
No pay wall link for the lazy https://archive.ph/2023.02.27-200248/https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html