Easy Recall Not

Tracking down all the furloughed workers could be a daunting task. The employees have relinquished their corporate email addresses and mailed back company-provided phones and ID badges. Some may have moved. In many cases, workers will need training before they can return to their jobs.

Selective Favoritism 

This undoubtedly is just the start of peculiarities and selected favoritism in the bill.

Airline workers will be recalled, with difficulty, and paid between December 1 and March 1 to do nothing. 

That aspect was only $15 billion.

Questions arose yesterday on Twitter regarding small business loans.

Train Wreck Thesis

Agree - mostly a train wreck.

Ironically, the biggest part of the train wreck was promoted by Trump: blanket checks to people who are working and checks that may pay people more for not working than working.

At one time Trump was against that. Now he wants it. https://t.co/2xziZXwwJP

— Mike "Mish" Shedlock (@MishGEA) December 21, 2020

The PPP Program 

I cannot find details on that

I did find more Pell Grants, $1 billion in federal loan forgiveness for Historically Black Colleges and Universities.

Climate change stuff such as reducing chemicals used in air-conditioners and refrigerators. https://t.co/2o6Vgi1sUR

— Mike "Mish" Shedlock (@MishGEA) December 21, 2020

Interested to know more about the $325 billion going to small businesses. What’s the mechanism?

— Nunzio Alioto (@nalioto) December 21, 2020

No Medal for Nobility 

I could easily have gotten a PPP loan the first go around.

1. Knowing what was happening to get in early

2. Business checking
account

3. Excellent credit

4. Use the money to pay myself

5. Loan forgiven

Ding, Ding, Ding

I wonder how many did that. I didn't. https://t.co/JIpgQ89lrK

— Mike "Mish" Shedlock (@MishGEA) December 21, 2020

Essentially, at least as best as I can tell, we renewed the $325 billion slush fund for those first in line to apply,