Wednesday, April 30, 2008

Pot = Kettle = Black . . . .

Please let this democratic primary season be over soon.

"Royalty in Waiting" Billary's rhetoric is getting to be a bit much.

The problem is the masses she appeals to believe her BS.

Compliments of McClatchy today:

Clinton blasts Bush for not stopping a project Bill OK'd
Steven Thomma | McClatchy Newspapers - April 30, 2008

INDIANAPOLIS — Hillary Clinton loves to tell the story about how the Chinese government bought a good American company in Indiana, laid off all its workers and moved its critical defense technology work to China.

It’s a story with a dramatic, political ending. Republican President George W. Bush could have stopped it, but he didn’t.

If she were president, Clinton says, she’d fight to protect those jobs. It’s just the kind of talk that’s helping her win support from working-class Democrats worried about their jobs and paychecks, not to mention their country’s security.

What Clinton never includes in the oft-repeated tale is the role that prominent Democrats played in selling the company and its technology to the Chinese. She never mentions that big-time Democratic contributor George Soros helped put together the deal to sell the company or that the sale was approved by her husband's administration.


Here’s how she told it a few weeks ago at a union meeting in Washington:

“A Chinese company bought the company, called Magnequench, and they wanted to move the jobs to China. The people in Indiana protested, did everything they could to convince the Bush administration that this was a terrible mistake. Couldn't even get a hearing,” she said.

“The jobs went to China, but so did the technology. And now the United States military has to buy the magnets we need for the smart bombs we invented from China,” she said as the union members booed.

Here's the complete story:

In 1995, General Motors decided to sell the Indiana-based Magnequench to a Chinese-American consortium.

The consortium included:

* San Huan New Materials and Hi-Tech Co, a company owned by the Chinese Academy of Sciences;

* Onfem Holdings, a company controlled by the State Nonferrous Metals Industry Administration in the Peoples Republic of China;

* Soros Fund Management, headed by George Soros;

* The Sextant Group, founded by Archibald Cox Jr.;

Soros, of course, is the wealthy investor who has contributed vast sums to Democratic candidates and liberal causes.

He’s given more than $250,000 to Democratic campaign committees, tens of thousands to individual Democratic candidates and about $2.5 million to the liberal group, according to Federal Election Commission records.

He’s also contributed to Hillary Clinton’s Senate campaign and to Obama’s Senate and presidential campaigns. He contributed to Republican Sen. John McCain’s first presidential campaign, in 1999, when McCain was running against Bush for the Republican nomination.

Politics as usual.

Also as usual, the big losers are the USian public who get the opportunity (?) to choose from "Bad" or "Worse" . . . .

(Cross-posted from Moving to Vancouver)

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