Opinion | Biden’s Outrageous Attack on PPP Loan Recipients

With a fresh round of economically disastrous policies, the Biden administration is out with its latest defenses. The White House accuses critics of its student-loan forgiveness of hypocrisy because some of them accepted Paycheck Protection Program loans, which were then forgiven.

The differences between the two programs are stark. PPP was created at the onset of government-ordered economic shutdowns during the pandemic to keep workers paid and relieve the burdens on state-based unemployment insurance systems. Without PPP, permanent small business-closings would have cascaded, throwing more than 10 million people out of jobs and onto the unemployment rolls and permanently severing relationships with employees, customers and suppliers, thus drastically slowing the post-shutdown recovery.