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When wealth is created, it involves money moving around. Wealth is not created by the government deciding to give certain “struggling industries” cash. This is just basic moron-tier planned economy nonsense. Only under communism, a planned economy meant that the government put in money in hopes of a productive outcome. What are movie theaters going to produce with this money? Nothing, obviously. The money is intended to “keep them afloat” until they are able to begin making money again. We know they never will make money again, but even if they would, this doesn’t make even a tiny molecule of sense. The logical thing to do would have been to let movie theaters go broke back when they were first forced to shut down. Then, assuming that this “pandemic” ends at some point, they could open back up. (The buildings will still be there.)[Link]
Movie theaters are just a particularly egregious example. In fact, all of the PPP loans are going to businesses that are presently producing absolutely nothing. The actual plan is to keep these businesses “afloat” while they are not producing, apparently indefinitely – by creating new money.
Comment: This bill is a good example of how the Deep State and all its puppets are using this manufactured COVID-19 crisis to steal money from the taxpayers and use them for their own purposes - much of it under the guise of a COVID-19 stimulus package to "help people survive the crisis".
President Trump openly opposed this bill arguing that more should be given to individuals and families.