Washington, DC (September 3, 2020) — Joe Biden criticized the Paycheck Protection Program (PPP), saying “You have tens of thousands of them going out of business. Why? Because the money didn’t get to small businesses.”
“Joe Biden is trying to rewrite history by claiming the Paycheck Protection Program didn’t help small businesses. Far from ‘the money didn’t get to small businesses,’ as Biden claims, the PPP in reality distributed 5.2 million loans to small businesses, saving more than 50 million jobs. The average loan size was just $100,000. Biden’s PPP lie demonstrates just how desperate he is when it comes to small business issues. Like the rest of his party, Biden is trying to distort and hide his ruinous small business platform by making false charges against President Trump’s strong small business record. Rather than slamming the PPP, Biden should work with Congress to expand this vital small business relief further as Republicans have proposed to do even more good.
Biden, who is open to a national lockdown that would devastate small businesses, sets the tempo for Democratic governors and mayors who are imposing strict gathering restrictions that are hurting entrepreneurs and delaying the economic recovery. If Biden really had the back of small businesses as he claims, then he would work with his Democratic colleagues at the state and local levels to ease these restrictions. Biden’s support for business closures and ignorance of the PPP’s value just shows how little he knows about how to run a small business that creates jobs and economic growth. No wonder — he’s been in Washington D.C. for nearly half a century.
Biden’s partner, House Speaker Nancy Pelosi, was recently caught maskless at a hair salon despite calling for a nationwide mask mandate and supporting business closures. For Democrats like Biden and Pelosi, this is just par for the course in their ‘do as I say, not as I do’ governing approach — or, in Pelosi’s case, ‘do as I say, not as I hairdo.’”