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Show Notes
May 17, 2021
Opening Remarks
Impossible Question
Q: The average American does THIS about five times a week. What is it?
A: Research something online they didn’t mean to research
John talked about his experiences at Costco in regards to wearing a mask and at this restaurant https://fuzzystacoshop.olo.com/
Smallest Businesses Got Left Out
Todd Lindsey is Co-founder & COO of A10 Capital, an SBA-approved PPP Lender spoke with John on the businesses that got left behind.
Extend and Target PPP to Achieve the Mission of Supporting All of America’s Small Businesses
Congress created the Paycheck Protection Program to help small businesses, their employees, and communities survive the COVID-19 pandemic. In many ways, PPP has succeeded, especially for the largest small businesses. But PPP has failed our smallest small businesses, including minority-, women- and veteran-owned businesses.
To ensure that PPP helps the smallest businesses Congress should refine and extend the program so continuing assistance flows only to businesses that have been left out.
- Cap loans at $50,000
- Limit borrowers to companies with fewer than 10 employees
- Replenish the fund with $75 billion and extend PPP for six months (November 30)
This simple, inexpensive extension would help millions of sole proprietors and microbusinesses – especially rural, minority-, women- and veteran-owned businesses that were effectively excluded from the first ten months of PPP (April 2020 – February 2021).
Until February 2021 PPP Favored the Largest Small Businesses. Due to the original rules about borrower criteria and lender fees, the largest small businesses (like chain restaurants, hotels, law and accounting firms) with pre-existing banking relationships got huge loans that were the most profitable to lenders. To help smaller businesses, in December 2020 SBA increased fees for loans under $50,000, but simultaneously authorized second loans to previous (larger) borrowers, which remained more profitable to lenders so still the smallest businesses were ignored.
The smallest businesses did not break through until February 2021, when SBA mandated a 14-day exclusive borrowing period for businesses with fewer than 20 employees. Suddenly there was a huge new wave of applicants seeking funds and PPP was popular again – not because the need for funds was new but because the door was now open for a very large class of smaller, less sophisticated borrowers. Now that door has been shut because PPP is running out of money. The extended new applicant deadline was May 31, but SBA thinks funding will not last past applicants submitted as of May 4.
Listen to the interview here. Mobile users being at 13:55
Jarrett Stepman
John and Jerrett spoke about covid and getting back to normal and how some people will not be able to due to a type of PTSD, the weird celebration of Dr. Fauci, how the CDC made recommendations based on politics and not science. John brought up a couple of articles on a predicted 4th wave. They can be found here and here.
Listen to the full interview here. Mobile users begin at 27:38
Franktown Firearms
Sean from Franktown Firearms talked with John about how the pendulum, for young adults in their 20’s, is swinging for less gun control. John brought up how people who are on the left do not want people to own guns because it makes them look at things differently, and the importance of teaching people to respect the firearm. Related Article Texans taking handgun licensing classes at a record rate.
Listen to their comments here. Mobile users begin at 44:00
National Taxpayers Union Joins Fight Against Colorado Transportation Tax Hikes
The Colorado legislature is considering a transportation bill, dubbed “Sustainability of the Transportation System,” which would institute a number of onerous tax hikes on Coloradans. If this bill is passed, Colorado would add a stepped-up tax on gas and diesel fuel, increased fees on delivery services, and increased car rental and vehicle registration fees. The bill would also enact a new ridesharing fee, harming gig economy workers. By calling these tax hikes “fees,” the legislature is attempting a run-around on the Colorado Taxpayer Bill of Rights. The total bill could amount to $4 million in new taxes on Coloradans. To make matters worse, rather than paying to fix Colorado’s aging roads and bridges, much of the revenue would be allocated towards air pollution, public transit, and a fleet of electric vehicles operated by state government agencies.
The National Taxpayers Union stands in opposition to the additional tax burden and wasteful spending that this bill represents. The Colorado Senate Finance Committee held a hearing regarding the bill, and Leah Vukmir, NTU’s Vice President of State Affairs, testified in opposition to it. A former State Senator from Wisconsin, Leah has firsthand experience with these kinds of wasteful proposals from state governments that harm taxpayers and small businesses. The bill passed through the senate finance committee and will be brought before the full Senate.
Leah Vukmir, NTU’s Vice President of State Affairs joined John to discuss the new tax hikes/fees.
Listen to the interview here.
Joined The Conversation
Brad from Lakewood called in about fee vs taxes, the enterprises, and the amount.
Listen here. Mobile users begin at 15:45
Mike in Arvada called in about the great job Dave Hart from Roof Maxx did on his roof and the Jesus Battery. Listen here. Mobile users begin at 20:13
Craig in Wheatridge called in about the California transplant who is now running a camping ground in Southern Colorado. Craig explained to him TBOR. Taxpayer’s Bill of Rights.
Listen here. Mobile users begin at 21:04
Richard Rush
Talked with John about how The CDC said the kids need to be masked up at summer camps. If the vaccines work then why are you worried. Young kids are basically immune to covid. And people should be able to choose what is best for them. And about forced vaccinations. How making kids wear a mask is a form of child abuse and that kids can handle this better than the flu.
Listen here. Mobile users begin at 31:40
Car Reviews
Richard gave us a review of the Hyundai Sonata & Elantra.
Listen here. Mobile users begin at 40:54
Tim Tebo
UF legend Tim Tebow tries out for Urban Meyer’s Jacksonville Jaguars: Article here.
Richards comments here. Mobile users begin at 47:24
John’s comments here. Mobile users begin at 50:24
Monday Mortgage Minute
Kurt Rogers with Affordable Interest Mortgage how to buy a home during this bidding war and will the home be worth it?
Listen here.
Business, Science, and the Deep Tech Revolution
Guy Perelmuter, award-winning author of the new book PRESENT FUTURE: Business, Science, and the Deep Tech Revolution talked with John about the Deep Tech Revolution and how it can help save humanity versus accelerating our demise. They also talked about China and the social score, a person’s online activity, and can machines be racist? Plus more!
Listen here. Mobile users begin at 5:36
Jersey Joe
Talked with John about how the media is spinning the news. He brought up the Rassmussen Report on how Liberal Media Viewers Are Misinformed About Crime in America.
Comments here. Mobile users begin at 22:39
John on the Colorado Sun and how they are left leaning and the misinformation if not lies about Covid they are printing.
Article he’s referring to here. Comments here. Mobile users begin at 24:44
Jersey Joe on SCOTUS and the Mississippi 15-week abortion ban.
Article here. Comments here. Mobile users begin at 25:39
Joined the Conversation
John in Cheyenne called in about the mask rule. He walks in without a mask on and then if asked he says, “I don’t have one.”…. and the amount Walmart is paying their new hires.
Listen to his and John’s comments here. Mobile users begin at 28:26
Anarchy: An Eyewitness Account
In Leah Southwell‘s sobering presentation, “Anarchy: An Eyewitness Account,”, Southwell, a coordinator for The John Birch Society, discusses the parallels of what she saw in Chile and what has been happening in America since 2020. She was an American living in Chile when a communist revolution broke out a few years ago. Young people took to the streets to scream their anti-capitalistic rhetoric. They burned subways and churches, sprayed graffiti everywhere, blocked traffic, destroyed and looted department stores, and attacked police. Meanwhile, the media focused its coverage on the protesters’ and criminals’ complaints and painted anyone in authority as the villains. As of late, Chile — which for decades prior had been growing in prosperity and individual freedom — is undergoing a process to fundamentally change its constitution thanks to pressure by those holding the country hostage with the threat of more upheaval.
Sound familiar?
Listen to the interview here. Mobile users begin at 37:17
John’s final comments for the day. Listen here. Mobile users begin at 48:19
