The AP study from earlier this year was correct and the administration has yet another failed program. Taxpayer funded loans were supposed to be handed out to businesses that suffered as a result of 9/11 but this new study sheds new light on who actually received it. The administration only wanted money moving and did not give a damn about the businesses that were actually impacted by 9/11. Only 25% of the $3.7B actually went to 9/11 impacted businesses. The rest looks iffy at best. Why does Bush and the GOP have those who suffered from 9/11? Is it truly impossible for the GOP to do one program correctly or is that too much to ask from a party that has complete control in Washington?
The government failed to ensure that recipients of terrorism-recovery loans were actually hurt by the Sept. 11, 2001, attacks, allowing banks to spread more than $3.7 billion in aid to whomever they wanted, Senate investigators concluded Wednesday.
The Senate Small Business and Entrepreneurship Committee sharply criticized the Bush administration's primary terrorism relief loan program, saying it was so loosely managed that "conceivably every small business in the country became eligible to participate."The findings substantiate an Associated Press investigation last year that found government-backed Sept. 11 recovery loans went to small companies that weren't hurt by the attacks and didn't even know they were getting help designated for terror victims.
