Working Class #4-2023: The Billionaires of Barron's and The PPP Loan Scam

BILLIONAIRES ATTACK FROM THE RIGHT!

Paycheck Protection Program (PPP Loans) was another rip off by U.S. Congress on behalf of the Owner Class. PPP Loans was nearly a $800 billion program approved by the Congress by voice vote (not recorded vote). The whole thing was a direct multi-pronged assault by Wallstreet, Banks and the U.S. Congress on the American Working Class.

The Program was directed to be administered by regional banks. The banks had the power to approve and deny PPP loans. Ask yourself: "What could go wrong with banks approving loans for their golf buddy or sister-in-law, or the bank’s largest accounts, and/or the politically powerful?"

The same banks also selected which loans to forgive. The get-out-paying-back card for PPP Loans stipulated: "If Business Owner cannot hire through no fault of his/her own, the loan with accrued interest is forgiven." Bureaus that deal with businesses posted this stipulation on their websites so all Business Owners knew how to grab the free taxpayer money.

BESIDES BUSINESS OWNERS, ANOTHER BENEFICIARY OF PPP LOANS WAS THE BIPARTISAN CONGRESS WHO VOTED FOR THE PPP LOAN PROGRAM. THEN HAD THEIR FAMILY MEMBERS TAKE OUT PPP LOANS THAT WERE, OF COURSE, FORGIVEN.

As of today, 94% of the PPP Loans were forgiven along with accrued interest.

BILLIONIARES ATTACK FROM THE LEFT!

"WORKER SHORTAGE" SLOGAN WAS AN OWNER’S STRIKE: Owners who pocketed PPP Loans in $150K to $10 million per loan stopped hiring. To meet the requirements of not having to pay back the loans, Owners posted fake job ads. Then Owners didn't bother to respond to our applications for employment.

Meanwhile, national and international corporate news media went on the attack using the slogan "No One Wants to Work Anymore.” Sad fake stories come flooding out of media outlets, all of a sudden like a tidal wave, how hard working Owners couldn’t find people to apply for their jobs. All sorts of Owners, their skeleton crew workforce and even customers got into the act by posting signs on store doors and windows, "Sorry, we're slow, no one wants to work anymore."

Many of these “beleaguered floor managers” were actually high level corporate executives whose names were changed by the “Worker Shortage” conveyor belt writers, from Edward Talbot Smith III to Ed Smith.

Eight million plus American worker plus many more of the COVID unemployed desperately sought work by putting out/sending in many applications. Also, without warning, we were confronted by new but bad job search and job application software. The job hunt had been put online.

OUTCOME - BUSINESS OWNERS: Owners cut their payrolls making workers work harder or be fired. OWNER CLASS REWARD: INCREASED PROFITS PLUS FREE CASH FROM THE U.S. TAXPAYERS

OUTCOME - WORKERS: We got traumatized by of unemployment insurance lifeline (we paid into) being cut off. We got traumatized by the Biden Administration lying about the "millions of jobs out there" as thousands of business owners ran fake job ads and didn't respond to our applications. The Biden Administration should have stepped in but didn't.

There is also the trauma of only finding no jobs except $7.25 - $11/hour jobs that demanded 24/7 job availability with no commits from the Owners.

WORKING CLASS PUNISHMENT: THERE WERE NO JOBS FOR MONTHS. THIS LED ME TO HAVE NO INCOME TO PAY BILLS. THIS DESTROYED MY CREDIT SCORE. NOW I’M ONLY ALLOWED ACCESS TO HIGH RENT OPTIONS (40% - 50% OF MONTHLY INCOME DEDICATED TO MONTHLY RENT) FOR WORKING AMERICANS WHOSE CREDIT NOW GARBAGE.

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PHOTO: Me at the age of two and my eldest sister in front of our home at Fort Ord. Fort Ord was a United States Army Post at Monterey Bay on the Pacific Ocean coast in California. I was born at Fort Ord and lived here twice.

Fort Ord was finally closed in 1994 due to Base Realignment and Closure (BRAC) action. One of the largest military installations during the Vietnam War, it consists of about 28,000 acres near Seaside, Sand City, Monterey, Del Rey Oaks and Marina.