Thomas Gallatin / April 13, 2020

Dems Take Relief Money for Small Businesses Hostage

Congressional Democrats blocked additional funding for the Paycheck Protection Program.

Senate Majority Leader Mitch McConnell on Thursday tried to add $250 billion to the $350 billion Paycheck Protection Program (PPP), the part of the recently passed $2.2 trillion CARES Act that provides forgivable loans to small businesses. Following higher-than-expected demand, less than a week after the PPP was instituted, only $98 billion remained. McConnell sought to pass simple and clean additional funding to the program via a two page bill. “We’re not talking about making any policy changes,” McConnell explained. “We’re literally changing the number $350 [billion] to $600 [billion].”

However, McConnell’s aim of getting unanimous consent to ensure that small businesses are able to obtain needed loans for payroll was scuttled by the Democrats. The reason? They want to load up any additional PPP spending with more funding and regulations to benefit their constituencies. Democrats want at least $45 billion in additional funding specifically delineated for “small community-based lenders” like “minority depository institutions, certified development corporations, [and] micro-lenders.” They’re calling for an additional $100 billion to healthcare workers, plus another $150 billion to states and localities to backfill tax revenue. And of course they want more money for food stamps while removing any work-requirements for the next two years.

As The Wall Street Journal editorial board notes, the additional demands are totally unnecessary. “PPP money is already going to banks large and small, through a network that includes any existing Small Business Administration lender and any federally insured bank or credit union,” the editors write. “The money is provided on a first-come, first-serve basis, which means farmers, women and minorities have the same opportunities as others. Any plan that seeks to allocate dollars on the basis of identity politics introduces bureaucratic interference and delay.”

It’s obvious that congressional Democrats, led by Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, have little interest in helping small businesses stay afloat during this China Virus-induced economic crisis. Instead, their focus is upon taking advantage of the crisis to further their own big-government political agenda. Pelosi and Schumer would rather hold the country hostage to their special-interest demands than do what’s best for the country. Of course, with the help of the Leftmedia providing them cover — as epitomized by CNN blatantly changing its initial headline from “Democrats block a GOP-led funding boost for small business aid program” to “Senate at stalemate over more COVID-19 aid” — Democrats believe they can get away with it.

Meanwhile, Pelosi spun the Republicans’ rationale for seeking an additional $250 billion in PPP aid as merely a political “stunt.” She then erroneously asserted that there was no data to support the request for “a quarter of a trillion dollars in 48 hours.” Now she’s concerned with debt? Consolidating government power is more important to Pelosi and company than is the urgency of working to save America’s small businesses.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service, are proud sponsors of the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, Folds of Honor, Honoring the Sacrifice, Warrior Freedom Service Dogs, Officer Christian Fellowship, the Air University Foundation, the Naval War College Foundation, and the Naval Aviation Museum Foundation.


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2023 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.