You know, the president doesn't write legislation or appropriate money. That's on Congress.
They're getting ready for round 2, and if the rule setters do the same thing, we'll get the same result.
People want to blame the banks -- and banks share the blame -- but they are not the root cause. The legislated rules are like physics, you don't get mad at the water flowing wrong but at the people who planned the river. The planning committee is doing all sorts of weird stuff, but the people with the most control is republicans, and via veto etc, the president. Those are the people deciding to whom the river flows and with how much water. They knew there would be more applicants than money, and the bigger applicants would have accountants and bank managers ready to leap, yet they still didn't put any priority order in for small businesses. Instead, they spent that time putting in carveouts for big hotel owners. If you think they didn't make it fair, it's their blame.
I don't even know why we're doing this via banks to beginwith, that just adds a massive & confusing middle layer of uninvolved for-profit companies. Feels like not knowing how to use the system, or corruption... which is again, a problem upstream.
Only in that it's silly to ignore that he's to blame for the implementation details since implementation details are pretty much what the Executive branch does.
Anyways, this has gotten beyond HN. As an SMB owner, it's pretty clear what is and isn't happening.
The President is the most powerful single actor in setting the content of legislation.
> That's on Congress
In the parliamentary system, that would be obviously true; the US has a strong presidential system, making that far less true.
