Great news: Millions in COVID relief loans went to CCP-backed firms

Great news: Millions in COVID relief loans went to CCP-backed firms

[Ed. – So virus spreads from China; China lies to world about it for weeks as it becomes a pandemic; ensuing U.S. lockdown tanks American economy; China takes advantage of that by not locking down; China collects via businesses in U.S. on relief from American taxpayers.  Resolved: let’s not do this again.]

This week, our award is going to the United States Small Business Administration and Treasury Department for awarding at least $200 million, but as much as $420 million, to Chinese Communist Party-linked businesses by way of the Paycheck Protection Program, intended to assist U.S. small businesses that were devastated by the coronavirus pandemic, widely believed to have originated in China.

report from the Horizon Advisory strategic consulting group illustrates how negligible congressional oversight allowed at least 125 Chinese firms to “take advantage of the international disaster” by benefitting “directly from U.S. investment and relief measures.”

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