The Treasury Department and the Small Business Administration released disturbing records showing Joe Biden received a loan between $150,000 and $350,000 for a large Delaware law firm that he founded.
Biden Being a Hypocrite
This information was released on Monday and tied the presumptive Democratic presidential nominee to taking a Paycheck Protection Program (PPP) loan for his own company.
Yet, the Biden campaign called Trump’s pandemic stimulus bailouts “the largest corporate bailout in American history,” a kind of “cronyism,” that is “systematically rigged in favor of big businesses, the wealthy, and the financial sector – and against the working people and middle-class families who are enduring the worst economic losses the country has faced in modern memory.”
“Instead of attacking President Trump as an involuntary reflex, maybe Joe Biden should just say ‘thank you’ once in a while,” Trump campaign director of communications Tim Murtaugh told Fox News. “The PPP saved 51 million jobs nationally, including at Biden’s old law firm and several companies connected to Obama administration alums. A very likely explanation is that Biden simply doesn’t know what he’s talking about and would rather make a political weapon out of a program that helped people make their rent and mortgage payments.”
Snakey Friendships Lend Well To These Situations
The law firm was initially founded as Biden and Walsh, but it is currently known as Monzack Mersky McLaughlin and Browder. Biden no longer has a financial interest in the firm; however, he is very close friends with the firm’s co-founder and partner Melvyn Monzack. He was Biden’s Senate reelection treasurer in 2002 and was also the treasurer during Biden’s 2008 presidential run.
The firm’s co-founder also donated to Biden’s presidential campaign, CBS News reported. The law firm is said to be a registered agent for companies which Biden has ties to.
Records reviewed by Fox News show that on July 6, 1987, Biden gave Monzack his legal power of attorney to “demand, sue for and receive all debts, moneys, securities for money, goods, chattels, or other personal property.”
Nancy Pelosi Caught Red-Handed
Another prominent Democrat with suspicious ties to receiving PPP loans is none other than House Speaker Nancy Pelosi. Data released on July 6, 2020 shows that a firm partially owned by her husband took a PPP loan.
Once Pelosi got caught red-handed, her spokesperson Drew Hammill said that her husband, Paul Pelosi, is “a minor, passive investor in this company. He was not involved in or even aware of this PPP loan.”
PPP loans can be changed into grants for companies that have up to 500 employees. Thanks to two deals spearheaded by Nancy Pelosi, Congress approved a whopping $670 billion for the program.
Two of the most influential and arguably corrupt Democrat politicians in the U.S., Joe Biden and Nancy Pelosi, have had their dirty tactic of receiving substantial money called out.