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President Biden on Tuesday visited a hardware story in Washington, DC, which recently received a loan for coronavirus for small businesses, which suffered the setback of the former communications director for Donald Trump’s presidential campaign in 2020.
The White House has posted a statue of Biden walking around the neighborhood store who has obtained a Paycheck Protection (PPP) loan within the past two weeks.
“It’s weird because during his campaign, Biden let PPP down endlessly and said it does not help small businesses,” Tim Murtaugh said on Twitter on Tuesday. “The place he visited today got his PPP loan in APRIL LAST YEAR, which saved 17 jobs.”
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The administration of Biden said that the hardware store WS Jenks & Son was able to obtain another PPP loan after the president temporarily restricted the application process for small business loans, and that only businesses with less than 20 employees from February 24 to March 9 to could apply for the loan. .
Murtaugh suggested that Biden act hypocritically and “ride on things already done on COVID.”
Although Murtaugh claimed that the president was changing his voice about his critical nature of PPP loans handed out during the previous government, Biden strengthened his opinion on Tuesday and blamed Trump for not sending enough help to small businesses.
“Four hundred thousand small businesses no longer did business,” Biden said during his tour of the hardware store. “They came in line, but they could not get the help.” “And we’re realizing that a lot of it’s going big – bigger companies that would not actually qualify for this, ‘he added.
Biden said the reason the Trump administration failed to send funds properly to small businesses was due to the removal of the Inspector General early in the pandemic.
Glenn Fine, acting chief inspector general for the Department of Defense and leader of the Pandemic Response Accountability Committee, was removed by Trump in April 2020, less than two weeks after the initial $ 2 billion COVID relief package was passed.
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Deputy Director of the National Economic Council of the White House, Bharat Ramamurti, said that since the changes were made to prioritize smaller businesses, there has been a 25 percent increase in loans distributed to first recipients, and a 20% increase for minority businesses.