Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
From The Daily Wire:
The Biden administration is segregating restaurant owners by race in prioritizing pandemic financial aid, barring white male restaurant owners from applying to a multi-billion dollar restaurant stimulus fund for three weeks, by which time the money may run out.
Ah, so actual systemic racism.
A lawyer said the move may be unconstitutional since the preferences are not remedying losses caused by government racial discrimination, but rather offsetting losses from a virus that ravaged the industry as a whole.
The point is valid but needs clarification. The losses didn’t come from the virus; the losses came from our government’s response to the virus.
The fund is experiencing extremely high demand, but the Small Business Administration (SBA) said it will initially only select applications from restaurants and other eligible small businesses that are at least 51 percent owned by “women, veterans, or socially and economically disadvantaged individuals.”
Socially disadvantaged individuals are defined as “those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity.” Economically disadvantaged individuals are defined as a subset of socially disadvantaged individuals “whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business area who are not socially disadvantaged.”