Donald Trump late on Tuesday demanded Harvard University give back an $8.6 million grant it received as part of a stimulus package amid coronavirus.
The stand off came amid outrage that well off institutions and companies were taking advantage of the government's $2.3 trillion stimulus, passed at the end of March, despite having reserves of their own.
The president tweeted after the Ivy League school defied his earlier order, saying it plans to keep an $8.6 million grant it received as part of an educational relief program - despite having an eye-watering $40.9 billion endowment
It has also emerged that businesses employing thousands of workers have been awarded grants under the Paycheck Protection Program, was supposed to infuse small businesses with $349 billion in emergency loans.
Large restaurants chains like Potbelly, Ruth's Chris Steak House and Taco Cabana were able to qualify despite employing thousands of workers, getting the maximum $10 million in loans.
Treasury Secretary Steven Mnuchin has demanded the cash is returned.
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16 comments:
Good luck with that. Harvard first exists for Harvard.
They got caught looking stupid with this corporate welfare. Now Mnuchin is trying to walk it back and look tough.
A tough professional would have made sure the currency went to deserving companies. A tough professional doesn’t have to walk back a Trillion Dollar problem with the Public’s Treasury.
It is shameful and entirely par for the course in DC. No swamp being drained here. Taking full advantage of a crisis.
Already done 6:33. Liberals are greedy. If they have Billions sitting around they dont need any help.
Big banks looking out for their buddies and senate banking committee AWOL!Thank you Mr president and Mr Manuchin for looking out for us.
6:34 You do know Harvard didn’t have to take the grant nor should they have. But yea blame it on the other guy🙄
They are giving it back
Ask how much Harvard professors and staff donate to the Demmocrat party, and how much from actual school funds are directed there.
Its a matter of record that Democrats held up the final vote, because there was little oversight about where the money would go. The Pentagon official who was deemed a fair administrator by bipartisan agreement was removed by Trump as soon as the bill was signed. So ludicrous to act surprised now by where the money went.
Harvard hired the first Native American professor. She taught one hour a week and was paid 250k a year for it. Wonderful for her.
Lock up WHO sent the $$$ to them !!!
Your worship is showing
Clue: he is human
Fine their asses like they do to the pee-ons !!!! They knew better !!!
The very reason Democrats wanted more oversight!
Democrats were the ones behind sending this damn $$ millions to places
they Wanted !!! Part of their PORK in the bills !!! Punish THEM !!
I am still waiting for my CRUMBS from Unemployment from MD 1 month +
Plenty of Corruption in America today & we the REAL Americans Suffer !!!!
I don't see any Millions of $$$$$ being sent to us, without even asking
for it !!! NOT Gonna Happen !!!
Plenty was sent to BIG Business , without even asking , by GOVT !!!
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