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.
FINAL BETRAYAL: Mitt Romney Pushes Unconstitutional Impeachment Trial of Private Citizen Trump
Bitter and jealous to the end.
Mitt Romney endorsed a bogus impeachment trial of ex-President Donald Trump in the Senate in an appearance on Fox News Sunday, dismissing constitutional and legal questions about the charade and demanding an impeachment be railroaded through the chamber.
In vindictive fashion, Romney claimed that carrying out with sham impeachment proceedings was necessary for “unity.”
“And, you know, if we’re going to have unity in our country, I think it’s important to recognize the need for accountability, for truth and justice.”
Mitt Romney lines up behind unconstitutional impeachment trial of a former President. pic.twitter.com/VzHxM9ahlL
— Richard (@Wildman_AZ) January 24, 2021
The Senate trial of an ex-President that Romney desires isn’t even legal. The constitutional impeachment process is designed for a sitting President, not a former one who has since left the office. Supreme Court Justice John Roberts is reportedly refusing to preside over the Senate proceedings, citing constitutional language that designates the Chief Justice as the presiding judge for the trial of a President, not a private citizen. Democrats to prevent President Trump from running for office again, an anti-Democratic plot the establishment Republican Senator is keen to sign off on.
Romney is said to be furious over President Trump’s reorientation of the Republican Party, transforming the GOP from an affluent pro-corporate globalist party to an America First party. Many Republicans still refuse to bend the knee to a populist vision, hanging onto the stale politics of times past.
Romney proposed that the GOP coronate several uninspiring establishment figures as new party leaders, including Charlie Baker, Larry Hogan, Marco Rubio and Ben Sasse. Emboldened by the second impeachment hoax, Romney seeks to restore establishment control of the Republican Party.
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