The Small Business Administration recently got into the Lamborghini business not once, but twice –– just two of more than $8.7 billion worth of failed loan guarantees that potentially left taxpayers on the hook for nearly $1 billion, a Watchdog.org investigation found.
Since 2009, SBA lenders charged off loans backed partly by taxpayer dollars, including $139 million for liquor stores and bars, $56 million for car dealerships, $25 million for country clubs, about $21 million for boat dealers, and $4.5 million for wineries, an SBA database Watchdog.org obtained through the Freedom of Information Act shows.
Watchdog.org found former executives of companies that the database shows failed to make good on the loans still running businesses and in one case apparently living a lavish lifestyle.
Shouldn’t be too hard to figure out; find the democrap congressman with a lambo in his garage.
Everyone wants one! That’s why they need a loan to convince us of it.
Idiots.
Both me and one of my sisters started our respective businesses through the SBA. A rigorous process. We paid it all back. There wasn’t any white privilege, just hard work.
The confirmation of all the shite happening in DC on a daily basis is nauseating.