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Late Saturday, President Donald Trump gave tentative approval to a deal that’ll reportedly allow TikTok to remain in America, thus averting a ban on the controversial Chinese-owned app that’d been slated to begin Sunday.
The deal calls for the technology corporation Oracle and the retail corporation Walmart to acquire a combined 20 percent stake in TikTok and use that stake to set up a U.S.-based company, TikTok Global, that’ll allow Americans to enjoy the highly popular services of TikTok without having to worry about security threats.
But there’s more. Speaking with reporters after word of the deal broke, the president reportedly said that he’s also asked Oracle and Walmart to contribute a combined $5 billion toward an education foundation (presumably the newly formed 1776 Commission) focused on teaching American children patriotic history.
He spoke more about the deal and this particular aspect of it during a rally slightly later that evening in Fayetteville, North Carolina.
“Until about 24 hours ago, that’s all they talked about is TikTok, TikTok. We have a deal worked out, I think with Walmart is going to buy it along with Oracle, Larry Ellison. It’s going to be an incredible combination,” he said.
“And I said, ‘Do me a favor. Could you put up $5 billion into a fund for education so we can educate people as to real history of our country, the real history, not the fake history?’”
Listen (*Language warning):
Holy shit. Trump says that as a condition of TikTok’s sale, he tried to shake down Oracle to put $5 billion into a fund “so we can educate people as to the real history of our country — the real history, not the fake.” pic.twitter.com/82CMVDeodF
— Aaron Rupar (@atrupar) September 19, 2020
According to Bloomberg, it sounds as if the $5 billion will essentially be a commission for the role the U.S. government had played in securing the deal.
The president reportedly told Oracle Chairman Larry Ellison and Walmart Chief Executive Officer Doug McMillon “he still wanted the government to receive a payment as part of a deal, according to two people familiar with the matter,” Bloomberg reported.
“The president wants to use the $5 billion from the TikTok deal for the ‘patriotic education’ program, according to one of the people. However, the new U.S. TikTok company will control the money and choose how it’s invested.”
To be clear, the $5 billion doesn’t technically exist yet. TikTok Global reportedly plans to hold an initial public offering in roughly a year and then use proceeds from the offering to cover the $5 billion.
This news comes only days after the president signed an executive order to establish a national commission to promote traditional American history, or what he dubbed “patriotic education.”
He made the announcement during a speech at a White House conference on American history.
“Today, I am … pleased to announce that I will soon sign an executive order establishing a national commission to promote patriotic education. It will be called The 1776 Commission,” he said.
“Thank you. Thank you. It will encourage our educators to teach our children about the miracle of American history and make plans to honor the 250th anniversary of our founding. Think of that — 250 years.”
‘The 1776 Commission’: President Trump delivers rousing speech, signs Executive Order to promote ‘patriotic education’ https://t.co/3DplJ82TOn
Democrat Socialist/Marxist Indoctrinators currently masquerading as teachers in our public schools systems, are welcome to quit now. 👋
— Paratrooping Parrot Keeper (@JosephSoblosky) September 18, 2020
The announcement came at the tail end of a lengthy speech in which he panned “the twisted web of lies in our schools and classrooms” that are being promoted in classrooms across America by the institutional left.
“On this very day in 1787, our Founding Fathers signed the Constitution at Independence Hall in Philadelphia. It was the fulfillment of a thousand years of Western civilization. Our Constitution was the product of centuries of tradition, wisdom, and experience. No political document has done more to advance the human condition or propel the engine of progress,” he said.
Yet, he continued, “a radical movement is attempting to demolish this treasured and precious inheritance. We can’t let that happen. Left-wing mobs have torn down statues of our founders, desecrated our memorials, and carried out a campaign of violence and anarchy. Far-left demonstrators have chanted the words ‘America was never great.’”
“Our children are instructed from propaganda tracts, like those of Howard Zinn, that try to make students ashamed of their own history. The left has warped, distorted, and defiled the American story with deceptions, falsehoods, and lies,” he said.
“There is no better example than the New York Times’ totally discredited 1619 Project. This project rewrites American history to teach our children that we were founded on the principle of oppression, not freedom.”
With the formation of the 1776 Commission, this hopefully shouldn’t be a problem anymore — especially if the commission receives $5 billion from Oracle and Walmart.