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‘These are massive glitches’: CNN anchor explains how Trump’s small business loan program is failing

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President Donald Trump is insisting that his administration’s implementation of an emergency lending program for small businesses has been “flawless,” but CNN anchor Julia Chatterley explained on Tuesday morning that the president’s rosy assertion isn’t close to being true.

During a panel discussion about the program, Chatterley said that the sheer number of calls from distressed small businesses has been completely overwhelming the system, which so far has been unable to handle the large volume.

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“These are massive glitches,” she said. “These are technology issues, the infrastructure can’t deal with it… I heard one of the largest banks in the country issued billions of dollars of loans, [but] they only managed to upload applications to the tune of thirteen — 1-3 — on Sunday.”

Chatterly then explained how the program is having difficulties with its website that is reminiscent of the early days of the Obamacare website that notoriously crashed after launching in 2013.

“The website even went down for several hours yesterday,” she said. “The system’s not working at this stage and that’s impacting small and medium-sized businesses badly.”

Chatterly said that this situation is particularly dire for small businesses because their low cash reserves will not allow them to wait for weeks to get their loans approved.

Watch the video below.

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2020 Election

‘Babbling and incoherent’: Internet stunned by Kudlow’s trainwreck appearance on CNN

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While no one accused White House economic adviser Larry Kudlow of being drunk on the air this morning (well a few did), he definitely seemed unprepared to speak with "State of the Union" fill-in host Dana Bash, seemingly to unable to get his talking points and numbers straight when asked about Donald Trump's plan to supplement unemployment payments.

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2020 Election

‘We need a reality check here’: CNN’s Bash cuts off Kudlow’s rambling spin on Trump’s unemployment plans

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An alternately amused and baffled Dana Bash was forced to cut off Donald Trump economic adviser Larry Kudlow on CNN Sunday morning as he attempted to spin the president's plans to help out the unemployed with income supplements, changing his numbers from $400 to $800 to $1,200 all within three to four sentences.

Pressed about the president's executive order calling for a $400 supplement -- with $100 coming from the states at Trump's demand -- the State of the Union fill-in host tried to cut through Kudlow's veering from dollar amount to dollar amount to get a clearer understanding of what the president is proposing.

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2020 Election

WATCH: CNN uses video to bust Trump for lying and stealing credit for veterans program signed by Obama

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Reacting to Donald Trump's abrupt departure from his Saturday press conference after he was pressed by a CBS White House correspondent Paula Reid for lying and taking credit for a veterans bill signed into law by former President Barack Obama, CNN's Victor Blackwell shared clips of the former president announcing the signing in 2014 and Trump attempting to steal credit yesterday.

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