Every leftist’s nightmare has come true. That is, Donald Trump has won the presidency, and their lives will likely get better because of it.
The devastating loss has Democrats now claiming that the 2024 election has been stolen, as they point out that it appears 20 million voters came out of nowhere in the 2020 election for Joe Biden and have now disappeared.
“PolitiFact even points out, ‘No, 20 million Democratic votes didn’t disappear, and there’s no evidence the 2024 election was stolen,’” Stu Burguiere of “Stu Does America” comments.
“It’s fascinating to watch all of them now do what they accused us of doing all of this time. We were the election deniers for four years, now they can deny the election, and no one seems to care whatsoever,” he continues.
A survey found that more than half of Harris voters have considered leaving the country after Trump’s win, though 44% of them would like to move but probably won’t. Five percent say they will definitely move and another 5% say they probably will.
“If the reason why you’re worried about potentially moving is because of a federal abortion ban, you could just leave when you need the abortion. These people are not that bright,” Burguiere says. “Go fly somewhere else, and you can escape the little 'Handmaid’s Tale' country we have for you here.”
Leftists are taking Trump’s win so poorly that they’re even canceling classes at their prestigious universities like Harvard, Penn, and Columbia.
The dean of Harvard reportedly told students to let themselves “feel a bunch of emotions about how this is going to impact us in the future and listen to other people and how they feel about it, too.”
“Now, of course, you can’t listen to all other people ‘cause some of them might like it, so don’t listen to those people. But listen to other people who also have b****es and complaints about the election results and the democracy they hold so dear,” Burguiere says.
A Yale psychiatrist is also urging MSNBC viewers to shun Trump voting family members over the holidays. Dr. Amanda Calhoun told viewers that there is a “societal push that if someone is in your family, they are entitled to your time, and I think the answer is absolutely not.”
“If you are going through a situation where you have family members or you have close friends who you know have voted in ways that are against you, that are against your livelihood, then it’s completely fine to not be around those people and to tell them why,” Calhoun said.
“There’s only one actual response to that. It is one word long, and it is ‘good,’” Burguiere says.
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Ivy League universities, particularly Harvard and Columbia, have faced a crisis since October 2023, when both institutions revealed themselves as places where blatant anti-Semitism openly flourishes. Amid the anti-Semitic uprisings on campus, the presidents of both schools also faced academic plagiarism charges. Alumni and donors, who expected more from the schools’ leaders and did not share the apparent tolerance for Jew-hatred, have stopped contributing financially.
As reputational and financial damage mounted, Harvard President Claudine Gay resigned in disgrace last January, and Columbia President Minouche Shafik followed in August.
Despite an endowment exceeding $50 billion, Harvard had to expedite bond offerings earlier this year to quickly raise $1.6 billion in cash.
But with those poison Ivies still trying to find a way to balance a hollow commitment to “tolerance” with appeasement of the widespread anti-Semitism demanded by much of their faculty and student body, donors remain repelled, and fundraising continues to struggle.
In early October, Harvard’s new president, Alan Garber, teased that some very bad financial news was about to be revealed for the fiscal year that ended on June 30, 2024. The Harvard Crimson reported Garber as stating, "Some of the new commitments have been disappointing compared to past years.” In discussing the passion of alumni who are concerned about the current culture and events at Harvard, Garber added, “They’ve been quite vocal.”
The bad news came out a week later. The Harvard Crimson reported:
Harvard’s fundraising crisis now has a price tag: $151 million. Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties with Harvard over its response to campus antisemitism. The $151 million decline marks one of the most significant year-over-year drops in donations in the past decade.
The donor crisis at Columbia has worsened. The university held its annual Giving Day event this fall, but donations dropped 29% from the previous Giving Day in 2022. (Due to campus turmoil over the university community’s support of Hamas' October 2023 terror attack, there was no Giving Day in 2023.)
The Columbia Spectator laid out the bad news:
Columbia held its 12th annual Giving Day on Tuesday, raising a total of $21,362,592 after a one-year hiatus, a 28.8 percent decline in funds compared to 2022’s record-breaking year.
As the University grapples with a donor crisis—born out of concerns regarding campus protests—this year saw a 27.9 percent drop in the number of gifts, falling from 19,229 in 2022 to 13,870, the lowest since 2015. This year is the first that the total monetary amount of donations has declined from the previous Giving Day since the event’s inception in 2012.
Viewed over a two-year span, the situation at Columbia is simply catastrophic. The university raised $58 million combined in 2021 and 2022. But over 2023 and 2024, the combined total plummeted to just $21 million. The $38 million decrease in biennial giving represents a 64% decline.
Amid declining contributions, it seems both schools are facing a liquidity squeeze.
Despite an endowment exceeding $50 billion, Harvard had to expedite bond offerings earlier this year to quickly raise $1.6 billion in cash. The university raised $750 million in taxable bonds through Goldman Sachs and received approval from Massachusetts to issue up to $2 billion in state tax-exempt bonds. However, investor demand only supported $735 million of those state bonds, leaving Harvard more than $100 million short of its $1.6 billion goal.
Having contributions fall off further in the meantime can’t be helping Harvard’s cash crunch.
Published reports indicate that Harvard’s endowment is only about 20% in liquid assets (cash, stocks, bonds) with about 40% invested in private equity, about 30% in hedge funds, and 10% in real estate and other illiquid assets.
Several months ago, billionaire Bill Ackman noted that Harvard’s budgeting and endowment management rely on certain assumptions about alumni donations. These assumptions didn’t account for the possibility of a donor revolt and the steep decline in current-year cash gifts. Ackman speculated that Harvard’s need for quick cash to make up for lost donations led to the recent bond offerings, especially given the current high-interest rate environment.
Journalist Ira Stoll revealed that much of the cash Harvard raised was used to pay off maturing debt issued at lower interest rates and to roll over some short-term debt.
I don’t know enough to question the legitimacy of Harvard’s illiquid investments, but it is reasonable to question the “investment strategy” of Harvard’s famous endowment if it is so illiquid that even with several years lead time to prepare for bond maturity, its other investment assets cannot get converted into cash to pay off maturing bonds, thus requiring new, higher-interest debt. If an investment cannot ultimately be converted to cash, how does it have a value?
Columbia University also announced a few weeks ago that it too was hitting the bond market for a cash infusion. Columbia is seeking to raise about $500 million with this new debt, despite having an endowment valued at around $15 billion.
The Ivy League schools, especially Harvard and Columbia, have exhausted their reputational capital, and now they are exhausting their working capital. They have shown themselves to be morally and ethically bankrupt. If their liquidity problems can’t be rectified, and if donors have permanently slashed their recurring cash lifelines, perhaps financial bankruptcy is also in the offing for Harvard and Columbia. It would be a long time coming.
Several professors at Ivy League schools canceled classes, excused absences, and allowed exams to be rescheduled because former President Donald Trump decidedly won the 2024 election.
The Harvard Crimson reported that the school's dean, Rakesh Khurana, told students to “let yourself feel a bunch of emotions about how this is going to impact us in the future, and listen to other people and how they feel about it too.”
'[If] you don't feel up for class, absences today will be excused.'
The outlet noted that following Trump's election victory, instructors for courses such as Statistics for Social Sciences, Solving and Optimizing, the Ancient Greek Hero, and Popular Culture and Modern China had canceled their Wednesday classes, made attendance optional, or extended assignment deadlines.
Economics lecturer Maxim Boycko allegedly sent an email to students in an Intermediate Microeconomics course that in-class quizzes would be optional.
“As we recover from the eventful election night and process the implications of Trump’s victory, please know that class will proceed as usual today, except that classroom quizzes will not be for credit,” Boycko reportedly wrote. “Feel free to take time off if needed.”
Physics professor Jennifer E. Hoffman purportedly wrote in an email to students and faculty that her office would be “a space to process the election.”
“Many in our community are sleep-deprived, again grieving for glass ceilings that weren't shattered, fearful for the future, or embarrassed to face our international colleagues,” Hoffman reportedly wrote. “I stress-baked several pans of lemon bars to share.”
Citing internal emails, the Washington Free Beacon reported that a Columbia professor granted students permission to skip class.
"I hope you are hanging in there. I have been think of you over the last few days," the Columbia professor reportedly wrote to her students. "[If] you don't feel up for class, absences today will be excused."
Meanwhile, because of the election results, a professor at Columbia University's sister school, Barnard College, allegedly offered students a chance to "replace" an exam on which they performed poorly.
"In recognition of the increased stressed [sic] some of you might be feeling because of the election results, I will offer to replace your midterm Exam 2 grade with your Final Exam grade if better," a Barnard professor reportedly wrote to students.
Campus Reform reported that Michigan State University Professor Shlagha Borah canceled classes because Trump won the election.
Borah, an assistant professor in the Department of Writing, Rhetoric, and Cultures, allegedly told her students in a memo on Wednesday night, "I am cancelling class today to grieve the presidential election results. As a queer, immigrant woman of color, I cannot, in good conscience, go on about my day like everything is alright."
”This is a major historical event that we are witnessing," Borah added. "I hope you take this time to take care of yourself."
Michigan State University spokesperson Mark Bullion told the College Fix on Thursday that campus leaders are “aware of the situation and are addressing it through the appropriate leadership channels.”
The Daily Pennsylvanian reported that several professors at the University of Pennsylvania canceled classes in response to the election.
Economics professor Anne Duchene told the outlet she made attendance optional to her class in advance of the election results.
“I thought maybe, [having an optional lecture] can help everyone pretend it’s business as usual, instead of just looking at your screens constantly, trying to understand what [happened],” Duchene reportedly stated.
“I just wanted to acknowledge the wide variety of emotions that were in the classroom and also to respect these emotions,” Duchene allegedly said. “It's really hard to know how the students are, what the students are really thinking, but my interpretation is that they wanted to have a normal class.”
Neuroscience professor Michael Kaplan also pre-emptively canceled his Wednesday classes, according to the report.
Anthropology professor Caroline Jones allegedly rescheduled an exam after “a slew of emails” from students expressed concern about preparing for an exam scheduled right after the election.
The Phoenix, a student-run newspaper at Swarthmore College, where annual tuition and room and board cost about $65,000, reported on the reaction to the election results:
As the Swarthmore community came to terms with the news, an outpouring of resources flooded their inboxes. Some professors canceled classes, the Office of Student Engagement encouraged students to use Sharples Commons as a "safe space to land," and the department of political science promoted its pre-scheduled panel discussion set for Wednesday afternoon, "Election Night 2024: What Just Happened and What’s to Come."
As Blaze News reported this week, Georgetown University's McCourt School of Public Policy established "self-care suites" following Trump's decisive 2024 election victory. Georgetown University attempted to soothe liberal students by offering them milk and cookies, hot cocoa, Legos, and coloring books.
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On Thursday, Harvard University released its fiscal year 2024 financial report, which revealed a nearly 15% decline in donations compared to the previous year, marking the most significant drop in a decade.
According to the report, the Ivy League school received $1.38 billion in donations in 2023, which plunged to $1.17 billion in 2024.
'Launched efforts to understand where and how we can improve.'
Despite the decline, Harvard did not lose its spot as the wealthiest university in the world. In fiscal year 2024, the Ivy League school generated a 9.6% return on its endowment fund, valued at $53.2 billion.
The significant donation dip can be attributed to several of Harvard’s top donors vowing to halt their funding over the university’s poor handling of the pro-Hamas campus protests.
In January, Kenneth Griffin, the founder and CEO of Citadel LLC, a hedge fund, called Harvard students “whiny snowflakes” and said he would no longer donate to the institution.
“I’d like that to change, and I have made that clear to members of the corporate board,” Griffin stated. “But until Harvard makes it very clear that they’re going to resume their role as educating young American men and women to be leaders, to be problem solvers, to take on difficult issues, I’m not interested in supporting the institution.”
He accused Harvard and other elite universities of “being lost in the wilderness of microaggressions, a DEI agenda that seems to have no real endgame.”
Griffin previously donated over $500 million to Harvard.
Bill Ackman, founder and CEO of Pershing Square Capital Management, a hedge fund firm, also declared he would no longer donate to his alma mater.
“I came to learn that the root cause of antisemitism at Harvard was an ideology that had been promulgated on campus, an oppressor/oppressed framework, that provided the intellectual bulwark behind the protests, helping to generate anti-Israel and anti-Jewish hate speech and harassment,” Ackman wrote in a lengthy X post.
Leonard V. Blavatnik, a billionaire philanthropist, stopped donating after previously providing Harvard Medical School with $200 million, the single largest donation to the school.
Former Harvard President Claudine Gay resigned in January following a massive plagiarism scandal amid already mounting criticism for her failed handling of the pro-Hamas protests.
Harvard’s new president, Alan Garber, wrote a message in the Ivy League school’s latest financial report, stating that the institution has “launched efforts to understand where and how we can improve.”
“Our task forces to combat antisemitism and anti-Israel bias, and anti-Arab, anti-Muslim, anti-Palestinian bias are focused on rebuilding not only a sense of belonging but also genuine acceptance among members of our community,” Garber wrote.
He noted that two of the school’s working groups “have outlined paths to more meaningful communication and constructive disagreement.”
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