Harvard University is refusing to give back their coronavirus bailout money despite the fact that the privileged institution sits atop an endowment of many billions of dollars.
President Donald Trump has called for Harvard to return $9 million in stimulus funds soaked up by the university. The coronavirus bailout has been a bonanza of graft after being muscled through without any real deliberation or discussion. Harvard claims that the money will be used to assist the “urgent financial needs” of students amidst the pandemic.
Harvard is the world’s wealthiest university and has an endowment worth an estimated $40 billion. Trump singled them out during a coronavirus briefing at the White House on Tuesday.
“I want Harvard to pay that money back, OK? If they won’t do that, we won’t do something else,” the president said to reporters.
“They have to pay it back, I don’t like it. This is meant for workers, this isn’t meant for one of the richest institutions, not only, far beyond schools in the world. They got to pay it back,” he added.
Harvard responded to Trump’s criticism in a tweet.
“Harvard has committed that 100% of these emergency higher education funds will be used to provide direct assistance to students facing urgent financial needs due to the Covid-19 pandemic,” the university tweeted.
Other ivy league schools are cashing out on stimulus funds as well. Princeton has soaked up $2.4 million from the coronavirus bailout with a $26 billion endowment, and Yalehas received $6.9 million in stimulus funds while having an endowment of $30 billion.
The bailout was pushed through without lawmakers even knowing what was in the bill. This has resulted in tremendous abuse and waste, particularly through the Payment Protection Program (PPP), which was meant to help small businesses.
According to an analysis conducted by investment bank Morgan Stanley, publicly traded corporations with a value of over $100 million a piece received $250 billion in stimulus funds meant for small businesses.
Rep. Thomas Massie (R-KY) was the lone voice standing in opposition to the bailout at the time.
‘I swore an oath to uphold the constitution, and I take that oath seriously. In a few moments I will request a vote on the CARES Act which means members of Congress will vote on it by pushing “yes” or “no” or “present,”‘ Massie wrote on Twitter.
‘The Constitution requires that a quorum of members be present to conduct business in the House. Right now, millions of essential, working-class Americans are still required to go to work during this pandemic such as manufacturing line workers, healthcare professionals, pilots, grocery clerks, cooks/chefs, delivery drivers, auto mechanics, and janitors (to name just a few). Is it too much to ask that the House do its job, just like the Senate did?,’ he added.
Massie was unsuccessful in stopping the bailout from being rammed through and now Americans have to live with the consequences.
WATCH: Joe Biden Reads Teleprompter Incorrectly: “I Got to the Senate 180 Years Ago”
That kind of experience is unmatched.
Joe Biden stated that he “got to the Senate 180 years ago” when delivering a scripted campaign speech from a room in his Delaware home on Saturday.
Joe Biden: “I got to the Senate 180 years ago.” That would’ve been in 1840 when Martin Van Buren was President. pic.twitter.com/wCeF9Uq9in
— Richard (@Wildman_AZ) September 27, 2020
That would’ve been in 1840, when Martin Van Buren was President. There were 52 Senators at the time, and the Democratic Party controlled the chamber, with a Whig minority in opposition. Biden was talking about supporting first responders and firefighters, who would’ve existed in a vastly different capacity in the mid-19th century.
Biden did laugh a little bit after he made the error, which seems to have stemmed from faulty teleprompter instructions or Biden simply misreading the screen in front of him.
— Breitbart News (@BreitbartNews) September 26, 2020
Biden’s campaign appearances have been almost entirely scripted as of late, with the Democratic Party’s elder figure even going so far as reading from a teleprompter during interviews.
It’s very sad that the Democratic Party elite and Joe Biden’s handlers have allowed this to continue. A man with an arguably severe level of cognitive decline should not be the President of a nation of 330 million people. That is not right.
However, you almost can’t blame them for binding him concisely to the words on the teleprompter. Unscripted campaign appearances have proved to be even more of a disaster, with Biden forgetting the words to the Pledge of Allegiance in a campaign speech earlier this week, for example.
Big League Wellness2 days ago
CDC Admits There is No Proof COVID-19 is Airborne Virus and They Have Been Misleading the Public All Along
Big League Guns3 days ago
As Black Lives Matter Terrorists Burn Down America, Ben Shapiro Endorses Gun Control
The Swamp3 days ago
CORRUPT: Hunter Biden Received $3.5 Million From Moscow Mayor’s Wife, Made Payments to Human Trafficking Suspects
White House3 days ago
Trump’s DHS Ignores Far-Left BLM/Antifa Terrorists, Declares So-Called ‘White Supremacists’ to Be Top Domestic Terror Threat
Campaign 20204 days ago
WATCH: Lois Frankel is Exposed for Fomenting Black Lives Matter Terror in New Pro-Laura Loomer Ad
Videos4 days ago
Tucker Carlson Exposes How the Real Threat to Democracy is the ‘Billionaire Class’ Propped Up by Big Tech
Black Lives Matter2 days ago
Say His Name, Rowan Sweeney: 4-Year-Old White Boy Murdered in Ohio by Black Thug in Targeted Execution
Crime2 days ago
Second Arrest Made in Murder of Five-Year Old North Carolina Child Cannon Hinnant