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Vocal Opponents Of Federal Spending Took PPP Loans, Including Ayn Rand Institute, Grover Norquist Group
Forbes ^ | July 6, 2020 | Andrew Solender

Posted on 07/06/2020 5:59:27 PM PDT by Ciaphas Cain

Organizations that vigorously oppose government spending took Paycheck Protection Program loans, including some that have criticized the CARES Act, which created the PPP program, according to data released by the Small Business Administration.

Americans for Tax Reform Foundation, which says it “educates taxpayers on the true cost of government” and “the realities of costly government programs,” received between $150,000 and $300,000 in loans.

In a statement, Americans for Tax Reform claimed it “never opposed” the PPP program and defended the foundation’s decision to take government loans, which it said allowed the foundation to “maintain its employees without laying anyone off” after it was “badly hurt by the government shutdown.”

But ATR founder Grover Norquist has criticized the unemployment insurance provision of the CARES Act, which he said “delays recovery,” and signed a letter urging lawmakers not to approve a second stimulus bill.

The Ayn Rand Institute, named for conservative philosopher Ayn Rand, received a loan of between $350,000 and $1 million, which it called “partial restitution for government-inflicted losses."

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: aynrand; grovernorquist; objectivism; ppp
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1 posted on 07/06/2020 5:59:27 PM PDT by Ciaphas Cain
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To: Ciaphas Cain

Norquist has always been a weasel.
He’s been a major proponent of cheap labor importation and Islamic immigration.


2 posted on 07/06/2020 6:02:03 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents|Know Islam, No Peace-No Islam, Know Peace)
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To: Ciaphas Cain

“The Ayn Rand Institute, named for conservative philosopher Ayn Rand, received a loan of between $350,000 and $1 million, which it called “partial restitution for government-inflicted losses.”

So if the gov completely shuts down your business, as a “conservative”, you do what?


3 posted on 07/06/2020 6:04:27 PM PDT by JPJones (More Tariffs, less income tax.)
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To: Lurkinanloomin

I am opposed to excessive government spending. And opposed to most taxation. But I gladly took the PPP loan. I view it as getting back taxes stolen from me, and I will spend it much more wisely than Congress.


4 posted on 07/06/2020 6:05:56 PM PDT by Calvin Cooledge
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To: Ciaphas Cain

...and Pelosi husband? Did i read that earlier??


5 posted on 07/06/2020 6:06:56 PM PDT by ncpatriot
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To: Ciaphas Cain

“Do as I say, not as I do!”


6 posted on 07/06/2020 6:07:18 PM PDT by LouieFisk
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To: Ciaphas Cain

ARI are mostly Biden sellouts. Yaron Brook says he’s more worried about right-wing fascism.


7 posted on 07/06/2020 6:08:06 PM PDT by aynrandfreak (Being a Democrat means never having to say you're sorry)
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To: Calvin Cooledge

I agree. Government shuts you down, it’s a taking, and it should be compensated somehow.


8 posted on 07/06/2020 6:08:12 PM PDT by Tolerance Sucks Rocks (The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
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To: Ciaphas Cain

I oppose deficit spending but gladly accepted my $1200 check. Does that make me a hypocrite? Maybe, but so what?


9 posted on 07/06/2020 6:12:15 PM PDT by The people have spoken (Proud member of Hillary's basket of deplorables)
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To: Tolerance Sucks Rocks

Yep


10 posted on 07/06/2020 6:12:32 PM PDT by frogjerk (We are conservatives. Not libertarians, not "fiscal conservatives", not moderates)
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To: Ciaphas Cain

My kids are biracial. I object to racial preferences, but the LIEberalz have made it the law of the land. So, I don’t like the rules, but if that’s what the law of the land is, then I tell my kids to use the rules to win - just like everyone else. Why should my kids be disadvantaged by refusing to use unjust rules to their advantage? Believe me, I saw middle class minorities fight to get money and college placements for the disadvantaged, thus depriving a financially disadvantaged person from that slot. The used the unfair rule to their advantage.

Same thing goes for conservative groups. If they object to the giveaway philosophically, and they argue against it, but the giveaway passes into law - then, the giveaway is law. Follow the law, and sign up. Tell everyone that the giveaway is a waste of money, and show everyone how you’re getting it! If people object, tell them to stop voting for LIEberalz and giveaways.


11 posted on 07/06/2020 6:12:38 PM PDT by Darteaus94025 (Can't have a Liberal without a Lie)
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To: JPJones
So if the gov completely shuts down your business, as a “conservative”, you do what?

Take what you can get. In this case, it is our money (theirs too). Both of those outfits have hired help so perhaps those folks are better off. My wife and I both took the $1200 and did so without shame. We invested it in munitions and expect a fine return.

12 posted on 07/06/2020 6:16:32 PM PDT by Lion Den Dan
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To: Ciaphas Cain

But, Media sMatters getting 2 million is no biggie


13 posted on 07/06/2020 6:17:22 PM PDT by digger48
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To: Ciaphas Cain

If a business that pays taxes, I see no reason why it shouldn’t apply for PPP. I do find it galling that institutions like Harvard, that have deep wells of capital already and (elected and unelected) officials that look out for them in The Swamp, play “poor me” and jump on PPP ahead of small businesses whose existences really are jeapordized by the lockdown.


14 posted on 07/06/2020 6:23:21 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: Publius; Billthedrill

ping


15 posted on 07/06/2020 6:29:44 PM PDT by Tijeras_Slim
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To: Ciaphas Cain

So these businesses are supposed to buckle under while the Marxists force them out of business.


16 posted on 07/06/2020 6:30:30 PM PDT by jacknhoo (Luke 12:51; Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: Tolerance Sucks Rocks

Absolutely. But keep in mind that the government is “compensating” us with our own money.


17 posted on 07/06/2020 7:00:50 PM PDT by Calvin Cooledge
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To: Tolerance Sucks Rocks

Absolutely. But keep in mind that the government is “compensating” us with our own money.


18 posted on 07/06/2020 7:01:26 PM PDT by Calvin Cooledge
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To: Ciaphas Cain

unless the government exempted them from paying taxes, why shouldn’t they get what they are entitled to under the law?


19 posted on 07/06/2020 7:04:19 PM PDT by Truthsearcher
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To: Ciaphas Cain

I don’t blame them. Milton Friedman was criticized for taking government student loans, but he said that he disagreed with the programs, but as long as they exist, he would be a fool not to use them. This is why government programs always cost more than promised.


20 posted on 07/06/2020 7:18:05 PM PDT by Pining_4_TX ("Every revolution evaporates and leaves behind only the slime of a new bureaucracy." - Franz Kafka)
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