The Trump campaign is actually not bragging in this campaign ad — at least not as much as it could be.
On Thursday, President Trump's re-election campaign started running a Facebook ad that boasted he's "protecting small businesses and their employees during the coronavirus crisis." It then claims over 17,500 loans had been granted to those small business owners, but then inexplicably understates just how much they received.
Instead of the $350 billion in loans the Paycheck Protection Program doled out until it was drained on Thursday, the Trump ad says he's given out "over $5.4 million to those who need it." $5.4 million divided among 17,500 businesses would only be a little more than $300 for each business, leaving the "over" to do a whole lot of work here. Kathryn Krawczyk
The Week
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