Misleading PPP coverage could cost people their jobs

Published July 18, 2020 4:00am ET



More people could be out of work soon because of misleading reports about America’s most successful economic relief program.

The Paycheck Protection Program was passed by Congress to provide businesses relief from the government’s economic shutdown. Over the past few months, the Treasury Department dispersed forgivable loans to 4.9 million businesses across America. The program ended up supporting businesses that collectively employ more than 51 million people during a time when most businesses faced deep declines in their cash flow. Without PPP, more people would be unemployed. But opponents of the program want you to believe that the program primarily benefited the wealthy. This is wrong, and their reporting can be harmful in an economic recovery.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.