McConnell's Wife's Family Business Appears on Trump Admin's List of Companies That Received Most $$

[G_j]

https://www.newsweek.com/mcconnells-wifes-family-business-appears-trump-admins-list-companies-that-received-most-ppp-1515788

McConnell's Wife's Family Business Appears on Trump Admin's List of Companies That Received Most PPP Money


A shipping business started by Department of Transportation Secretary Elaine Chao's family received at least $350,000 in loans set aside for companies struggling as a result of the coronavirus pandemic, according to data published Monday by the U.S. Small Business Administration.

Chao's parents launched Foremost Group in New York in 1964. The company is currently run by her father and sister, according to the company's website. Its application for a Paycheck Protection Program loan was approved on April 15, the SBA's data shows. While the exact loan amount was not included in the report, the SBA said a loan between $350,000 and $1 million was approved, enabling the company to save 20 jobs.

"The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country," Treasury Secretary Steven Mnuchin said in a news release announcing the PPP data.

..more..

[Kingfisher86]

1. Is this why he's banging the corporate liability immunity drum so hard in Senate? nt

[Hortensis]

6. Always has. Shielding business and the wealthy from liability

is a holy crusade for those who worship mammon.

As for this, blatant corruption. McConnell's usual mode, though, is to adjust the laws as necessary to make any connection to him legal beforehand.

[Frustratedlady]

2. ...enabling the company to save 20 jobs? Hell of a salary, considering those out of work.

Let's see. Elaine, Moscow Mitch, sister, father...surely some shirttail relatives they could come up with.

This is the kind of stuff that burns my butt. You know they had the applications ready to go the minute the program was announced.
I'm sure this family isn't the only one from Washington, DC that glommed onto the money. They may not move too fast on the job, but put a dollar sign in front of their eyes and they are Bionic Beggers.

[MFGsunny]

3. +1000 "Bionic Beggars." That's fitting AND brilliant. n/t

[snowybirdie]

4. You'd think

that being g a cabinet member would have excluded her family from any federal funds.

[bronxiteforever]

5. Kick and recommend for visibility

[FailureToCommunicate]

7. Grifters gonna grift

But these Republicans take it to a massive scale!

[KS Toronado]

8. That money into McTurtle's reelection campaign.

[Ferrets are Cool]

9. The least surprising thing I will read today

[Evolve Dammit]

10. A new level of daily disgust. Come on SDNY! SEC? FBI? Hound these lawless bastards to end of time.

[PatrickforO]

11. And what kills me is the media has not been focusing on stuff like this with

single minded intensity.

Corporate owned media = corporate corruption.

Cause, heck, the giant 2017 tax cut bought the media off.

[lonely bird]

12. OK, I am ready to get hammered

Yes, if there is an ethics issue then by all means investigate. As for the size of the loan? The company that I worked for before getting terminated took out a larger loan than her company did. This is not worth getting our panties in a bunch. There are many other things that are far more important that this one small issue.