Milland
Diamond
- Joined
- Jul 6, 2006
- Location
- Hillsboro, New Hampshire
It's not a shock that this administration hasn't handled Covid-19 well, but now they're cutting back on Federal funds meant for emergency business support:
Trump administration cuts off emergency Federal Reserve programs as coronavirus cases spike - CNN
So why is this? Is it under orders from djt, a continuation of his Scorched Earth policy as a result of losing the election??
"Bradley singled out the Main Street Lending program, which was designed to support small and medium-sized businesses and nonprofit organizations that were in sound financial condition before the Covid-19 pandemic but now lack access to credit on reasonable terms."
"Jaret Seiberg, an analyst at Cowen, said Mnuchin's decision "seems political."
"This appears to be a political move by Team Trump to limit what President-Elect Joe Biden can do next year to boost the economy, especially if Congress fails to pass a big stimulus," he wrote in a research note Thursday. He added, though, that there may be a way for the programs to continue."
More in the article itself. Curious what people think.
Trump administration cuts off emergency Federal Reserve programs as coronavirus cases spike - CNN
So why is this? Is it under orders from djt, a continuation of his Scorched Earth policy as a result of losing the election??
"Bradley singled out the Main Street Lending program, which was designed to support small and medium-sized businesses and nonprofit organizations that were in sound financial condition before the Covid-19 pandemic but now lack access to credit on reasonable terms."
"Jaret Seiberg, an analyst at Cowen, said Mnuchin's decision "seems political."
"This appears to be a political move by Team Trump to limit what President-Elect Joe Biden can do next year to boost the economy, especially if Congress fails to pass a big stimulus," he wrote in a research note Thursday. He added, though, that there may be a way for the programs to continue."
More in the article itself. Curious what people think.