Major Trump Donors Received At Least $41 Million In PPP Loans For Their Companies

[riversedge]

Source: huff post


07/20/2020 06:23 pm ET
The 15 donors gave Trump and the GOP $1.4 million this spring, in a process that critics say lacked basic transparency.


WASHINGTON ― As the coronavirus ravaged America this spring, 15 business leaders gave President Donald Trump and the Republican Party $1.4 million in big checks while their businesses collected at least $41 million in federal assistance.

William Scott, CEO of railroad contractor Trans-Global Solutions, donated $150,000 to the Trump Victory committee in the weeks after his company received as much as $10 million from the Paycheck Protection Program on April 14.

Alfred Hendrickson, the owner of a South Florida Toyota dealership, donated $41,100 to Trump’s Make America Great Committee on April 27, the same day his dealership received a PPP loan worth as much as $5 million.

And Dan Eberhart, the head of oilfield services provider Canary LLC, gave $100,000 to Trump Victory on June 10, two months after receiving as much as $8.4 million in PPP loans for Canary and three affiliated companies.

Robert Weissman, head of the liberal watchdog group Public Citizen, said the big-dollar donations from principals at businesses receiving swift approval for federal aid erode confidence in an important and necessary government program.

“Recipients should have been prohibited from making political contributions,” he said......................

Read more: https://www.huffpost.com/entry/trump-campaign-donors-paycheck-protection-program_n_5f1602b6c5b615860bb6051a?section=politics&ncid=tweetlnkushpmg00000016

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Corruption from the top and no one seems to stop them.



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Treasury Secretary Steven Mnuchin (left) sought to keep the names of Paycheck Protection Program recipients secret for weeks. On April 28, he watched as President Donald Trump spoke about PPP loans in the White House East Room.

[Hoyt]

1. Problem is, so did some Democrats, at least 2 state Dem organizations, environmental

groups, etc. As long as the organizations keep employees on, as required, I’m fine with just about anyone getting money but the Klan, gun profiteers, etc.

[Under The Radar]

2. That number is way too low, what about the $750 billion Discreet package?

.... the amount that Mnuchin requested was the deal breaker if he didn’t get it and trump fired the inspector general that oversaw that program.

[Bleacher Creature]

3. This needs to be put in an ad that runs continuously on a loop.

The best way to counter Trump's inexplicable advantage on the economy is to highlight his corruption and to demonstrate that he's only out to enrich himself and his friends.

This story captures that argument perfectly and makes clear that he's made the swamp swampier.

[Hoyt]

7. Until GOPers come back with ad showing Democrats who got money too.

I don’t think this is a winner for us.

[BigmanPigman]

4. Where is the oversight?

What can be done about this now, or do we have to wait for after the election for the chance to get the Senate?

[Igel]

8. The oversight is in making sure that

either they used the money as intended for it to remain a grant or they repay the loan.

Otherwise what we're really saying is that we want a law written to apply to the general populace, but we're going to have an ad hoc unwritten rule that excludes certain undesirables--those we don't like--from being treated like all the other citizens.

The House passed the law as well as the Senate.

[BigmanPigman]

9. Thanks!

[sakabatou]

5. Again and again, so much corruption

[ffr]

6. Money that will no doubt end up right back in tRump's pocket.