‘It’s Ridiculous And Everyone Knows It’: Jim Jordan Warns Of Alleged Collusion At Ivy League Schools

During a House Judiciary Committee hearing last week, Rep. Jim Jordan (R-OH) spoke about collusion from Ivy League schools.

Transcript

00:00I now recognize chairman of the full committee, Mr. Jordan, for his opening statement.

00:03Thank you, Mr. Chairman. So first, they set the same general price.

00:08Then, second, they demand large amounts of information from the student and their family

00:12for each student, and they squeeze every dime they can out of that family for tuition.

00:19And then third, they limit class size.

00:21So they agree on price, they perfect price, discriminate, and they limit output.

00:25That's about as anti-competitive behavior as you can get.

00:28And then with this windfall of money they get, perfect price discrimination, collusion

00:33on the price, limiting the class size at the institution, this windfall of money they get

00:39from students and their families and the government, the taxpayers, they hire an unbelievable amount

00:45of administrators.

00:46Mr. Shea has pointed that out.

00:48Such a deal.

00:50Such a deal for taxpayers and families.

00:52That's what's going on.

00:54And thank goodness the chairman's having a hearing on this.

00:57It's ridiculous.

00:58And everyone knows it.

01:00Not to mention all the crazy things we saw and witnessed at these institutions over the

01:04last few years.

01:06All kinds of crazy protests, taking over buildings, anti-Semitic behavior.

01:09I mean, not to mention all that.

01:11That's what's going on.

01:13And the ranking member of the subcommittee says, we're wasting our time?

01:16You've got to be kidding me.

01:18The taxpayers appreciate that their tax money actually is used in the right way, not like

01:21it's being used at these institutions.

01:22So again, I want to thank the chairman for this hearing.

01:24I look forward to our witnesses and thank them for being present today and testifying.

01:29With that, I yield back.

01:29The gentleman yields back.