On August 25th, The White House called out many Republicans complaining about student loan forgiveness, by pointing to their forgiven PPP loans. Beyond Satire will tell you everything you need to know about this news.
The White House calls out Republicans’ forgiven PPP loans on Twitter
After the student loan forgiveness plan was put into effect, a lot of republicans had criticisms about it. However, the White House decided to call out the complainers on Twitter, by pointing out their forgiven PPP (Paycheck Protection Program) loans.
Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.https://t.co/4FoCymt8TB
— The White House (@WhiteHouse) August 25, 2022
Here are all of the forgiven PPP loans of the congress people called out in this thread:
|PPP Loans of Republicans called out by The White House on Twitter|
|Congress representative's name||Forgiven PPP loan amount|
|Marjorie Taylor Greene||$183,504|
|Vern Buchanan||$2.3 million|
|Markwayne Mullin||$1.4 million|
|Kevin Hern||$1 million|
A lot of democrats took out and were forgiven astronomical amounts of PPP loans. For example, majority house speaker Nancy Pelosi was forgiven $1.7 million of her PPP loans, despite her net worth sitting at almost $115 million, according to Open Secrets.
However, the tweets by The White House were an attempt by the Biden administration to call out Republican hypocrisy. In fact, so far, democrats (including those whose PPP loans were forgiven), did not complain about the student loan forgiveness program.
Biden calls out Republicans
It’s also surprising to see Biden calling out republicans as much as he recently did, and defending the student loan forgiveness program. In fact, see below a couple of examples, like when he forgot Marjorie Taylor Greene’s name:
Dark Brandon preparing to implement Communism 2 pic.twitter.com/YgSW8qKY5P
— Vaush (@VaushV) August 25, 2022
Biden refers to Rep. Marjorie Taylor Greene as “what’s her name, that woman who believes in the — anyway” lol
— Ken Klippenstein (@kenklippenstein) August 26, 2022
Biden also recently called MAGA republican’s semi-fascist during a speech. When asked about this comment, both Biden and The White House doubled down:
Reporter: What did you mean by semi-fascism?
Biden: You know what I mean pic.twitter.com/c3pQtBHolm
— Acyn (@Acyn) August 26, 2022
Jean-Pierre: "What MAGA Republicans have done, and you look at the definition of fascism, and you think about what they're doing in attacking our democracy … taking away our freedoms, wanting to take away our rights … that is what that is. It is very clear." pic.twitter.com/pTgnBfJtQh
— Washington Free Beacon (@FreeBeacon) August 26, 2022
Some CNN commentators were upset that Biden called out “semi-fascism” of far-right figures, so we put in context for them pic.twitter.com/UxrMJypSn8
— Media Matters (@mmfa) August 26, 2022
What were PPP loans?
PPP loans, or the Paycheck Protection Program, was a program meant to give some protection to small businesses during the Covid-19 pandemic. Since it was meant to help struggling small businesses, the loans would be forgiven if the businesses were unable to pay them back.
A lot of people took advantage of this, including congress people who receive a six-figure salary and often have lucrative businesses. Marjorie Taylor Greene, for example, donated $450,000 to her own campaign after receiving a six-figure PPP loan, and after opposing those same measures to help businesses survive the pandemic.