The new Meidas Touch PPP ad reveals Trump’s friends and relatives who pocketed billions in Paycheck Protection Program (PPP) money. The PPP was part of the CARES act, the first coronavirus relief package passed by congress. The bill included mechanisms for congress to track CARES act funding, but the president and Treasury Secretary Steve Mnuchin pushed back against congressional oversight. Trump said, “I’ll be the oversight.”
$400 billion in PPP loans is unaccounted for. But Meidas Touch can show us where some of the money went. No surprise to find it in the pocket of the president’s buddies.