==covering employment costs due to lower demand, and to cover costs due to being shut down.==
Except that there wasn't lower demand across the whole economy, only very specific industries. Most businesses were not shut down. Lots of businesses continued running, and had increased demand. They still got forgivable loans.
Perhaps the perception it has more to do with who signed the legislation (a Republican President and Senate) than whether it was actually "socialist" (it was)?
Except that there wasn't lower demand across the whole economy, only very specific industries. Most businesses were not shut down. Lots of businesses continued running, and had increased demand. They still got forgivable loans.
Perhaps the perception it has more to do with who signed the legislation (a Republican President and Senate) than whether it was actually "socialist" (it was)?