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Did You Know George Soros Received a COVID PPP Loan?


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Can it get any swampier than this?

Under the disguise of a struggling small business devastated by COVID-19, George Soros’s East-West Management Institute (EWMI) received a $234,548 PPP Loan.

When actual American small businesses are destroyed by tyrannical government restrictions, what’s the justification for billionaire George Soros to receive one penny of COVID-relief money?

The “relief money” in itself was printed from thin air and will have additional devastating effects on working-class Americans due to future inflation.

In addition to the PPP Loan, EWMI also receives federal grants and contracts.

Its federal funding increased during COVID-19 hysteria.

Those are taxpayer-funded, so American taxpayers are unknowingly financing a part of Soros operations.

So, it’s a double whammy and a double middle finger to working-class Americans.

Gatestone Institute had the story:

In March, the Small Business Administration gave a $234,548 Paycheck Protection Program (PPP) “loan” to George Soros’s East-West Management Institute (EWMI).

The official description of the transaction is “to aid small businesses in maintaining workforce during the COVID-19 pandemic”, but federal grants and contracts to EWMI (its primary source of revenue) rose from $9,185,194 in FY 2019 to $14,859,293 in 2020. EWMI previously received a $226,179 PPP loan in May of 2020. As a supposedly small business struggling through the pandemic, EWMI enjoys office space at 575 Madison Avenue in New York City and 1101 Connecticut Ave NW in Washington, DC.

In November 2018, Judicial Watch published a special report, “The Financial and Staffing Nexus Between the Open Society Foundations and the United States Government.” The 28-page report is scrupulously documented with 154 footnotes citing to primary source records. A key take-away from the report concerning the activities of EWMI is that the organization manages projects for the U.S. Agency for International Development (USAID), a nominally independent component of the U.S. State Department.

For those interested, EWMI maintains a web page with documentation concerning their non-profit status and their financial statements. You can also view their self-described “Donors and Partners” who, evidently, were not able or willing to “loan” money to EWMI for paycheck protection. The list of donors and partners is quite remarkable — from the World Bank to Romania’s Justice Ministry, among many others. It makes one wonder why American taxpayers had to cover the PPP “loan.” It reminds one of Senator William Proxmire’s (D-WI) “Golden Fleece Award” for squandering the American public’s money.

Granted, with the Biden administration and Congressional “leadership” meeting last month week to discuss a $2.3 trillion infrastructure bill (officially known as the American Jobs Plan) — it seems a little tough to get excited about a “loan” of $234,548. The exact dollars and cents total, however, is not the point.

We need to ask ourselves how “the system” — our government — facilitates this sort of racket without checks or oversight. Harvard University can be publicly shamed into returning COVID relief money, but a Soros group gets a pass? Why the disparity of treatment and accountability?

What is the rationale? “Just the way business is done?” “Don’t ask questions or you’ll be accused of some bias?” “Hey, it’s the ‘New Normal,’ get used to it!” Maybe the worst reaction for the post-Trump era is, “Who cares?”



 

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