I am reading almost hourly posts about business (large and small) laying off, reducing pay 30% or more across the board, or furloughing all their employees, and if the mostly nationwide shut down lasts at least another month, if not two, how can most businesses survive?
I bet the SBA PPP program that kicks off tomorrow, will (1) system will crash multiple times due to overwhelming need, and (2) they will need at least 10 trillion dollars and not just 2 trillion available and (3) will become the biggest scam opportunity for many illegitimate businesses.
I am not a stock market or financial expert, and luckily manage a small construction related firm with great backlog and flexibility to deal with this, but how is this not going to damage/change our economy is a way that I have not seen in my lifetime (in mid 40's)?
I bet the SBA PPP program that kicks off tomorrow, will (1) system will crash multiple times due to overwhelming need, and (2) they will need at least 10 trillion dollars and not just 2 trillion available and (3) will become the biggest scam opportunity for many illegitimate businesses.
I am not a stock market or financial expert, and luckily manage a small construction related firm with great backlog and flexibility to deal with this, but how is this not going to damage/change our economy is a way that I have not seen in my lifetime (in mid 40's)?