OBAMA’S CRONY CAPITALISM – HOW HE LOOTED AMERICAN ON BEHALF
OF HIS LOOTING WALL STREET CONTRIBUTORS
http://mexicanoccupation.blogspot.com/2013/05/obamas-crony-capitalism-how-barack.html
TYSON HAS LONG BEEN IDENTIFED WITH THE DEMOCRAT PARTY FOR OBVIOUS REASONS. Tyson Foods Faces Boycott After Firing 1,200 Americans, ‘Would Like to Employ’ 42,000 Migrants - AND BIDEN - MAYORKAS - SCHUMER HAVE USHERED OVER THE BORDER 15 MILLION TO PICK FROM.
Thursday, May 9, 2013
Crony Capitalism Protects Wrongdoers, Harms Consumers, and Disrupts Markets | CNS News
Crony Capitalism Protects Wrongdoers, Harms Consumers, and Disrupts Markets | CNS News
THE RISE of the OBAMA DICTATORSHIP - Will Tyranny Ever Come to America? | CNS News
Will Tyranny Ever Come to America? | CNS News
OBAMA’S CRONY CAPITALISM – HOW HE LOOTED AMERICAN ON BEHALF
OF HIS LOOTING WALL STREET CONTRIBUTORS
http://mexicanoccupation.blogspot.com/2013/05/obamas-crony-capitalism-how-barack.html
OBAMA'S CRONY CAPITALISM - How Barack Obama Bankrupted America for his Wall Street Looters and Built the Mexican Fascist Welfare State off the Backs of Americans
Crony
Capitalism Protects Wrongdoers, Harms Consumers, and Disrupts Markets
May 9, 2013
By Ken
Connor
Thanks to a renewed interest in the works of Ayn Rand and
high-profile figures like John Stossel, Glenn Beck, and Rand Paul,
libertarianism is enjoying a moment in the political sun. And just like
America's two major parties, libertarians can often be blind to faulty logic
and flaws within their own ideology. Timothy P. Carney recently wrote a piece
for The Atlantic discussing this very problem:
"Voters despise government officials who get in bed
with corporations. But what about corporations who cozy up to government? Are
companies who use cronyism to grow their profit acting unethically?
The question makes some free-marketeers uneasy. After
all, we not only tolerate the fierce pursuit of profit, but also we defend it
against taxes and heavy-handed regulation. Milton Friedman famously said, 'The
social responsibility of business is to increase its profits.'
But in the age of crony capitalism, libertarians must
declare that some means of pursuing profit are immoral and call on executives
to reject them. This would create a positive case for capitalism – arguing that
the pursuit of profit, in the context of fair and open competition, helps the
whole society. The new corporate social responsibility, redefined for
libertarians, must stand athwart crony corporatism yelling 'stop.'"
Lest his readers underestimate the influence and scope of
crony capitalism, Carney provides a thumbnail sketch of the practice in action
over the last decade. Seeing our
government's extensive network of corporate welfare laid out in black and white
is sobering, to say the least:
"The 2005 and
2007 energy bills required drivers to buy ethanol, created a government
loan-guarantee program for private sector green-energy projects, and
effectively outlawed the traditional incandescent light bulb. . . . Then, 2008
saw an avalanche of corporate bailouts: Bear Stearns, AIG, Fannie Mae and
Freddie Mac. Then the TARP bailed out all of Wall Street, and later General
Motors and Chrysler.
Obama came to power in 2009 and signed an $800 billion
stimulus bill supported by the Chamber of Commerce and loaded with goodies for
the likes of Google and Solyndra. Obama pushed cap-and-trade with the support
of the U.S. Climate Action Partnership, a corporate coalition led by GE, which
had set up a business to create and trade greenhouse-gas credits.
In June 2009,
Obama signed the Family Smoking Prevention and Tobacco Control Act, a
regulatory measure that Philip Morris supported and reportedly helped write.
... The drug lobby wrote significant parts of Obamacare, and the hospital lobby
liked the bill enough to file an amicus curiae brief with the Court defending
the law from its challenge by states and the small business lobby.
Boeing and the Chamber of Commerce launched a full-court
lobbying push in 2011 to save and expand the Export-Import Bank, the government
agency Obama loves using to subsidize U.S. Exports – including lots of Boeing
jets. In a lesser-known case of regulatory profiteering, Obama hired H&R
Block's CEO to a top position at the IRS, where he crafted new regulations on
tax preparers – rules which H&R Block supported and small tax preparers
sued to overturn."
Regardless of
where your political sympathies lie, it's undeniable that there is an unhealthy
and unholy alliance between well-heeled special interests and politicians and
policymakers. It's all well and good to embrace Ms. Rand's philosophy
of self-seeking individualism in theory, but when this mentality insinuates
itself into the markets unchecked by moral and ethical principles, the results
are antithetical to freedom and fairness.
Basically, the special interests invest in political
campaigns as a cost of doing business, and they expect a handsome return on
their investments. As Mr. Carney explains, that usually comes in the form of
pet legislation, subsidies, tax breaks, limitations on liability, preferential
treatment . . . the list goes on and on. Of course, politicians are only too
happy to accommodate these special interests in exchange for political
contributions that help cement and perpetuate their power.
As a result, the free market is stymied; it can't do what
it's designed by nature to do, which is to sift good companies from bad ones,
reward efficiency and innovation, and empower consumers with authentic choice
in the marketplace. In effect, crony capitalism is a form of central planning,
something that libertarians and conservatives historically eschew.
The lack of accountability of the cronies is particularly
damaging. Defenders of free-market capitalism generally maintain that
accountability and responsibility must run hand in hand in order for markets to
operate effectively. If wrongdoers are not held accountable, their wrongdoing
will multiply and the whole system will be corrupted. Unfortunately, many
free-market apologists in the political arena are only too ready to offer a
double standard to their corporate benefactors.
Consequently, we wind up with the excesses that
characterized firms like AIG, Fannie Mae, and Enron; we end up with lives lost
due to malfeasance at the hands of mining companies and peanut companies, from
drugs that cause injury and death and products that explode or fail and cause
harm.
We have an epidemic of malpractice and abuse and neglect
in nursing homes because wrongdoers aren't held fully accountable. All of this
is a direct result of corporations taking shortcuts and playing Russian
roulette with consumer safety because they know they will be shielded from
accountability if something goes wrong.
As Madison said, "If men were angels, government
wouldn't be necessary." Well, they aren't, and we do. The world
"regulation" is an anathema to free-market apologists, but it
shouldn't be. Proper government regulation and consumer protections are
essential to ensure an ethical marketplace.
The fewer regulations we have, the more consumer
protection mechanisms we need, and vice versa. This is precisely the purpose of
America's civil justice system. It is wrong for corporations to lobby for fewer
regulations while simultaneously perverting policy so that they are insulated
from accountability in the civil justice arena when they err. When this is
allowed to happen, corporate America runs amok and consumers are harmed.
Mr. Carney is correct when he says that the case for
capitalism must rest on the willingness of free-marketeers to demand ethical
conduct from corporations and politicians alike. Our current economic and
political problems aren't just the fault of President Obama, or Nancy Pelosi or
any other big government bogey.
The sooner libertarians and conservatives alike recognize
this, the sooner we can get our economy and our government back on the right
track, and given the enormity of the challenges facing us over the next several
decades, this can't happen soon enough.
*
OBAMA and his culture of
BANKSTER LOOTING of America.
Is Penny Pritzker
Obama’s newest BANKSTER?
Obama warns against
“cynicism” at Ohio State commencement address
do a google of Obama’s BIG BANKSTER
DONORS and you will find a list of the banks that have looted this nation, yet
found a place in the corrupt Obama administration!
*
OBAMA’S BILLIONAIRE NOMINEE FOR COMMERCE, PENNY PRITZKER…
BILLION$$$$ MADE OFF HIRING CHEAP ILLEGAL LABOR??? show me even one dem
billionaire that does not push for obama’s agenda of OPEN BORDERS, NO E-VERIFY
and NO ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS…even one!
Based
in Chicago, Pritzker operates an international empire based on low-wage service
work in Hyatt-operated hotels and nursing homes, along with several investment
firms.
*
PART OF OBAMA’S
CRONISM IS OPEN BORDERS, NO E-VERIFY AND NO JOBS FOR LEGALS. EXACTLY THE SAME
POLICIES THE U.S. CHAMBER of COMMERCE FOLLOWS. IT’S ALL ABOUT KEEPING WAGES
DEPRESSED FOR HIS CRONIES!
THE MEXICAN OCCUPTION
DEPRESSES WAGES FOR AMERICANS $300 TO $400 BILLION PER YEAR. PARTICULARLY HIT
ARE BLACK AMERICANS.
The OBAMA – McCAIN Amnesty Promises NO E-VERIFY enforcement
to Employers and NO BORDER enforcement to LA RAZA invaders.
…isn’t
that what we already have going ????
Dream Act proposals are also a magnet for fraud. Many illegal
immigrants will fraudulently claim they came here as children or that they are
under 30. And the federal government has no way to check whether their claims
are true or not. REP. LAMAR SMITH
"It lets businesses that knowingly
violated the law off the hook," Mr. Krikorian said. "If they were not
withholding payroll taxes, they’re held harmless. If they were violating labor
laws, they’re held harmless. So this is a boon for crooked business."…
MARK KRIKORIAN
“Another force for amnesty is corporate America. Thousands of
businesses have hired illegals in violation of U.S. law. Amnesty for their
illegal workers means, de facto, amnesty for them”… PAT BUCHANAN
THE REALITY OF OBAMA’S
IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET
PAYMASTERS HAPPY AND GENEROUS!
"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."
The danger, as Washington
Post economics columnist Robert Samuelson argues, is that of “importing
poverty” in the form of a new underclass—a permanent group of working poor.
…or simply the president for the 1%???
how do the la raza dems
build their party base of illegals? no borders, no enforcement, no E-VERIFY, no
legal need apply AND MUCHO DREAM ACTS of WEFLARE, OBAMACARE and now food
stamps.
“The
watchdogs at Judicial Watch discovered documents that reveal how the Obama
administration's close coordination with the Mexican government entices
Mexicans to hop over the fence and on to the American dole.” Washington Times
Barack
Obama… the man that conned an entire nation and still called it “CHANGE”… but
was only Bush’s 3rd & 4th terms.
THE YEAR WAS 2009…
At the town hall in New Orleans, Obama appealed for patience. He said, “Change is hard, and big
change is harder.” Is that the excuse? Now where have I heard that before? Oh,
yeah. From George Bush.
OBAMA’S
WAR ON AMERICANS (LEGALS) AND OUR HOMELAND SECURITY
However,
today, with President Obama so ill-intentioned toward the United States and its
future, negotiations between him and with those of us who oppose him are
pointless.
Obama’s
America… the Rich Get Much Richer, Illegals Get the Jobs and Dream Acts of
Welfare and the American Middle Class is Stuck With the Tax Bills for Wall
Street and Mexico’s Looting.
OBAMAnomics:
CRONY KING
OBAMA: CURL: The Obamas live the 1 percent life
OBAMA’S
CRONY CAPITALISM: SOARING PROFITS FOR OBAM’S WALLL STREET LOOTERS! And then the
jobs go to illegals!
IS OBAMA
MERELY BUSH’S THIRD and FOURTH TERMS?
CRONY CAPITALISM
Obamanomics: How Barack Obama Is Bankrupting You and
Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and
Muslim Dictators
OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A GOOGLE
FOR HOW MANY ENDED UP WORKING IN HIS ADMINISTRATION.
“Records show that four out of
Obama's top five contributors are employees of financial industry giants -
Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and
Citigroup ($358,054).”
OBAMA'S BOY KARZAI LOOTIN' UP A STORM OFF AMERICA'S BACKS - OBAMA AND HIS MUSLIM DICTATORS! Gov't Inspector: $50 Million Stolen From US Treasury Disappears After Being Found in Afghan Bank | CNS News
Gov't Inspector: $50 Million Stolen From US Treasury Disappears After Being Found in Afghan Bank | CNS News
OBAMA HAS SQUANDERED BILLIONS PROPPING UP MUSLIM DICTATORS AND PROTECTING THEIR BORDERS EVEN HAS HE DAILY SABOTAGES AMERICAN BORDERS TO BUILD HIS LA RAZA PARTY BASE of ILLEGALS.
See: CFR’s Plan to Integrate the
U.S., Mexico and Canada
http://www.proliberty.com/observer/20050816.htm
The Great Alien Invasion - What's
Happening Now
http://www.rense.com/general69/inva.htm
WorldNetDaily Exclusive
Dem administration advancing 'North American
Union' agenda
OBAMA HAS SQUANDERED BILLIONS PROPPING UP MUSLIM DICTATORS AND PROTECTING THEIR BORDERS EVEN HAS HE DAILY SABOTAGES AMERICAN BORDERS TO BUILD HIS LA RAZA PARTY BASE of ILLEGALS.
WIKILEAKS EXPOSES OBAMA’S AGENDA OF
ASSAULTING OUR BORDERS, AMERICANS IN JOBS HE WANTS TO FILL WITH ILLEGALS
JUDICIAL WATCH:
It proves the Obama administration is willing to go to any extent
- including gaming the courts - to continue stonewalling the full story of its
lawless release of illegal aliens. Now, with the prison floodgates being thrown
open to illegal aliens under the phony pretense of abiding by sequester cuts,
it is more important that details of this threat to the public safety be
revealed.
WIKILEAKS EXPOSES OBAMA’S AGENDA OF ASSAULTING
OUR BORDERS, AMERICANS IN JOBS HE WANTS TO FILL WITH ILLEGALS
OBAMA’S CYNICAL JOKE of HOMELAND SECURITY
According to DHS’s own reports, very little of our nation’s
borders (Southwestern or otherwise) are secure, and gaining control is not even
a goal of the department.
Obama Quietly Erasing Borders
WorldNetDaily Exclusive
Dem administration advancing 'North American
Union' agenda
Published: 12/15/2010 at 10:20 PM
*
*
OBAMA’S CYNICAL JOKE of HOMELAND SECURITY
According to DHS’s own reports, very little of our nation’s
borders (Southwestern or otherwise) are secure, and gaining control is not even
a goal of the department.
We're being inundated': Vigilante Group
uses secret cameras to record the flow of illegal immigrants across the border
RASSMUSEN
REPORT:
But
if immigration reform legislation passes, just nine
percent (9%) believe it is Very Likely the federal government will actually try
to secure the border.
That’s an important point because, even among supporters of comprehensive
reform, 64% think border security should come before legalizing the status of
those here illegally.
*
THROUGH DHS, OBAMA SHOVES LA RAZA UP OUR ASSES AND THEN ASKS US TO PAY FOR THEIR CRIMES! Bill Gives DHS Sec. 'Virtually Unlimited Discretion to Waive Any Manner of Crimes,' ICE Council Warns Congress | CNS News
Bill Gives DHS Sec. 'Virtually Unlimited Discretion to Waive Any Manner of Crimes,' ICE Council Warns Congress | CNS News
The danger, as Washington
Post economics columnist Robert Samuelson argues, is that of “importing
poverty” in the form of a new underclass—a permanent group of working poor…
AMNESTY IS ONLY ABOUT KEEPING WAGES FOR LEGALS DEPRESSED!
Heritage: Amnestied Illegals Will
Get $9.4T in Benefits; Increase Debt $6.3T'
what is the REAL cost of all that “CHEAP” Mexican labor? Add
it up and then factor in the MEXICAN CRIME TIDAL WAVE and the fact that the
MEXICAN DRUG CARTELS now operate in 2,500 American cities!
Who are Obama’s LA RAZA party base of illegals. How
much of a threat to America is this Mexican fascism?
"Remember 187 -- the Proposition to
deny taxpayer funds for services to non-citizens --- was the last gasp of white
America in California." --- Art
Torres, Chairman of the California Democratic Party… NOW THE PARTY for LA RAZA
SUPREMACY
BLAME CHINA'S GREAT WHORE, SEN. DIANNE FEINSTEIN and her PIMP HUSBAND RICHARD C. BLUM - China must end cyberspying on US industry, look to its own innovation
China must end cyberspying on US industry, look to its own innovation
THE CHINA
FEINSTEIN DEALS
NO WONDER
FEINSTEIN IS A GENEROUS DONOR TO OBAMA!
CULTURE OF
CORRUPTION
"There is no doubt in my mind that,
if Dianne Feinstein had a pattern of taking positions on U.S.China policy that
Chinese officials disliked, Mr. Blum would have a great deal more difficulty
doing business in China and probably would find it impossible to do."
Senator Is Warned of China Overtures Already, federal investigators have
detected that the Chinese government might attempt to seek favor with Feinstein”
NEW YORK
TIMES
March 29,
2009
Vast Spy System Loots Computers in
103 Countries
TORONTO
— A vast electronic spying operation has infiltrated computers and has stolen
documents from hundreds of government and private offices around the world,
including those of the Dalai Lama, Canadian researchers have
concluded.
In
a report to be issued this weekend, the researchers
said that
the system was being controlled from computers based almost exclusively in China, but that they could not say conclusively that the Chinese
government was involved.
The
researchers, who are based at the Munk Center
for International Studies
at the University of Toronto, had been asked by the office of the Dalai Lama,
the exiled Tibetan leader whom China regularly denounces, to examine its
computers for signs of malicious software, or malware.
Their
sleuthing opened a window into a broader operation that, in less than two
years, has infiltrated at least 1,295 computers in 103 countries, including
many belonging to embassies, foreign ministries and other government offices,
as well as the Dalai Lama’s Tibetan exile centers in India, Brussels, London
and New York.
The
researchers, who have a record of detecting computer espionage, said they
believed that in addition to the spying on the Dalai Lama, the system, which
they called GhostNet, was focused on the governments of South Asian and
Southeast Asian countries.
Intelligence
analysts say many governments, including those of China, Russia and the United
States, and other parties use sophisticated computer programs to covertly
gather information.
The
newly reported spying operation is by far the largest to come to light in terms
of countries affected.
This
is also believed to be the first time researchers have been able to expose the
workings of a computer system used in an intrusion of this magnitude.
Still
going strong, the operation continues to invade and monitor more than a dozen
new computers a week, the researchers said in their report, “Tracking
‘GhostNet’: Investigating a Cyber Espionage Network.” They said they had found
no evidence that United States government offices had been infiltrated,
although a NATO computer was monitored by
the spies for half a day and computers of the Indian Embassy in Washington were
infiltrated.
The
malware is remarkable both for its sweep — in computer jargon, it has not been
merely “phishing” for random consumers’ information, but “whaling” for
particular important targets — and for its Big Brother-style capacities. It
can, for example, turn on the camera and audio-recording functions of an
infected computer, enabling monitors to see and hear what goes on in a room.
The investigators say they do not know if this facet has been employed.
The
researchers were able to monitor the commands given to infected computers and
to see the names of documents retrieved by the spies, but in most cases the
contents of the stolen files have not been determined. Working with the
Tibetans, however, the researchers found that specific correspondence had been
stolen and that the intruders had gained control of the electronic mail server
computers of the Dalai Lama’s organization.
The
electronic spy game has had at least some real-world impact, they said. For
example, they said, after an e-mail invitation was sent by the Dalai Lama’s
office to a foreign diplomat, the Chinese government made a call to the
diplomat discouraging a visit. And a woman working for a group making Internet
contacts between Tibetan exiles and Chinese citizens was stopped by Chinese
intelligence officers on her way back to Tibet, shown transcripts of her online
conversations and warned to stop her political activities.
The
Toronto researchers said they had notified international law enforcement
agencies of the spying operation, which in their view exposed basic
shortcomings in the legal structure of cyberspace. The F.B.I. declined to comment on the
operation.
DO YOU THINK
FEINSTEIN’S PALS IN RED CHINA ARE DOING GOOD LOOTING AMERICA?
Lou Dobbs Tonight
Thursday, March 12, 2009
Television
* The Justice Department is prosecuting two American engineers for entering a Goodyear tire factory in Topeka, Kansas and photographing confidential proprietary manufacturing
equipment for off road tires. They were able to talk their way into the factory, take photographs, and then e-mail those photos to a plant in England. In England those photos were used
to engineer a similar product for a Chinese tire manufacturing company in Guilin, China. The engineers face a maximum of 150 years in prison and $2.75 million in fines. We will have a full report on this case and industrial espionage in this country, particularly in relation to China.
Thursday, March 12, 2009
Television
* The Justice Department is prosecuting two American engineers for entering a Goodyear tire factory in Topeka, Kansas and photographing confidential proprietary manufacturing
equipment for off road tires. They were able to talk their way into the factory, take photographs, and then e-mail those photos to a plant in England. In England those photos were used
to engineer a similar product for a Chinese tire manufacturing company in Guilin, China. The engineers face a maximum of 150 years in prison and $2.75 million in fines. We will have a full report on this case and industrial espionage in this country, particularly in relation to China.
*
THERE ARE NOW THOUSANDS OF CHINESE SPIES
IN AMERICAN STEALING EVERYTHING THAT ISN’T NAILED DOWN AND A LOT THAT IS. JUST
AS WE KISS MEXICAN ASS ON THE ISSUE OF MEXICO’S INVASION, OCCUPATION AND
LOOTING, SO WE DO RED CHINA’S.
THERE IS
NOTHING THAT BENEFITS RED CHINA THAT FEINSTEIN DOES NOT PUSH IN THE SENATE. RED
CHINA SHOWS IT APPRECIATION FOR FEINSTEIN’S CORRUPTION BY PADDING HER PIMP
HUSBAND, RICHARD BLUM’S POCKETS BIG TIME.
NO OTHER
WESTERN DEMOCRACY WOULD PUT UP WITH THE STAGGERING CORRUPTION OF THE FEINSTEIN
COUPLE. WHILE FEINSTEIN HAS BECOME STAGGERINGLY RICH OFF ELECTED OFFICE, CA
DRIFTS DEEPER INTO MELTDOWN AND IS NOW SUBSTANTIALLY NOTHING BUT A MEXICAN
GANG-INFESTED WELFARE STATE FOR LA RAZA.
Four
arrested on charges of spying for China Chinese espionage has become one of the
most pervasive US counterintelligence problems, officials say.
By
Peter Grier | Staff writer of The Christian Science Monitor
On her show on Air America Radio today (Wednesday, January
26, 2005), Randi Rhodes stated that "Democratic" California Sen.
Dianne Feinstein's husband is a war profiteer whose firm got a $600 million
contract in Iraq. (Feinstein has supported the Bush regime's war in Iraq from
Day One, and, as you know, sings the praises of the likes of Condofuckingleezza
Rice.) Not that corruption and major conflicts of interest are anything new to Feinstein.
Reports Wikipedia: !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Critics
have frequently accused Blum and Sen. Feinstein of political corruption and
conflicts of interest arising from his business interests and his contributions
to his wife's Senate campaigns. In 1992, Feinstein was fined $190,000 for
failing to disclose that Blum had guaranteed nearly $3 million in loans to fund
her 1990 bid for California governor. In 1997, a Los Angeles Times article
revealed that while Feinstein was campaigning in the Senate for a lifting of
trade sanctions against the People's Republic of China, Blum was managing
millions of dollars of investments in Chinese businesses through his firm
Newbridge Capital. !!!!!!!!!!!!!!!!! LA Times Article March 28, 1997
Feinstein, Husband Hold Strong China Connections Asia:
Senator, Blum insist a solid 'firewall' separates her foreign policy role, his
growing business interests there. On Capitol Hill, Sen. Dianne Feinstein (DCalif.) has emerged
as one of the staunchest proponents of closer U.S. relations with China,
fighting for permanent most-favored-nation trading status for Beijing. At the
same time, far from the spotlight, Feinstein's husband. Richard C. Blum, has
expanded his private business interests in China to the point that his firm is
now a prominent investor inside the communist nation. For years, Feinstein and Blum
have insisted that they maintained a solid "firewall" between her
role as an influential foreign policy player and his career as a private in VP
But such closely coinciding interests are highly unusual for major figures in
public life in Washington. And now, as controversy heats up over improper
foreign influence in t.he U.S. political process. the effectiveness of the
firewall between those interests could be called into question.
On Thursday, after he was interviewed by The Times about
his China business, Blum announced that he will donate future profits from his
personal investments there to his nonprofit foundation to help Tibetan
refugees. "This should remove any perception that I am in anyway, shape or
form benefit from or influence my wife's position on China as a U.S. senator,'
In 1992, when Feinstein entered the Senate, Blum's
interests in China amounted to one project worth less than $500,000, according
to her financial disclosure reports. But since then, his financial activities
in the country have increased. In the last year, a Blum investment firm paid
$23 million for a stake in a Chinese government owned steel enterprise and acquired
sizable interests in the leading producers of soybean milk and candy in China.
Blum's firm, Newbridge Capital Ltd., received an important boost from a
$10-million investment by the International Finance Corp., an arm of the World
Bank. Experts said that IFC backing typically confers legitimacy and can help
attract other investors. "It seems to be going quite well," Rashad
Kaldany—who in 1994 managed the IFC's capital markets investments in Asia—said
of the project. He added: "There also was some comfort in that Mr. Blum
had some contacts with the Chinese." Feinstein's Growing China Policy Role
Meanwhile, Feinstein's role on U.S. policy toward China has expanded. In
January 1995, she became a member of the Senate Foreign Relations Committee,
giving her a prominent platform for her efforts to support China's trade
privileges. Blum’s position could strictly insulate his interests when he is so
prominently involved in the China market, is visibly associated with the
leading friend of China in the Senate and has access to inner circles that
other entrepreneurs do not. In China, "everything is personal," said
Arthur Waldron, professor of strategy at the Since 1995, Feinstein has made
three visits to confer with senior government officials in Beijing. Blum has accompanied
her each time at his own expense and has attended many of her meetings with
President Jiang Zemin and other top Chinese leaders—an unusual degree of access
for a private businessman. On their trip to China in January of last year, Blum
accompanied Feinstein to dinner with Jiang in the exclusive leaders' enclave,
Zhongnanhai.
"We had dinner in Zhongnanhai in Mao Tse-tung's old
residence in the room where he died. We were told that we were the first
foreigners to see his bedroom and the swimming pool. It was a very historic
moment to see some of these things," Feinstein told a Times reporter
later. Feinstein said this week that her Senate position in no way has affected
her husband's business. She said that Blum has never sought to exploit her
influence or access to increase his opportunities in China. "My husband
has never discussed business with Jiang Zemin. never would, never has,"
she said. Said Blum: "Somebody will have to explain just how I have been
benefited because my wife goes over to China.'
THIS IS
HILARIOUS. WHO WAS THIS SHIT BLUM BEFORE HE AND HIS WIFE STARTED PULLING IN
MILLIONS OF FEINSTEIN’S CONNECTION IN CONGRESS? Ross H. Munro, co-author of the
recent China policy book "The Coming Conflict with China," said: "There is no doubt
in my mind that, if Dianne Feinstein had a pattern of taking positions on
U.S.China policy that Chinese officials disliked, Mr. Blum would have a great
deal more difficulty doing business in China and probably would find it
impossible to do." Senator Is Warned of China Overtures Already, federal
investigators have detected that the!!!!!!!!!!!! Chinese government might
attempt to seek favor with Feinstein. Last year, she was one of six
members of Congress who received warnings from the FBI that China might try to
improperly influence them through illegal campaign contributions. The inquiries
into allegedly improper Chinese political efforts in, the United States have
increased the sensitivity of Blum's associations there. Investigators are
looking at the activities of dual business-government entities, including China
International Trade and Investment Corp. (CITIC), a $20-billion, state-owned
conglomerate that is the most influential financial enterprise in China.
Newbridge Capital, the Blum business venture, has two investments with partners
originally from CITIC, said Peter Kwok managing director of the Hong Kong fund.
Kwok also serves as a consultant to a unit of China Ocean Shipping Co. That
state-owned company won rights to build a $200-million cargo terminal at the
closed Long Beach Naval Station. Blum called any purported link between China
Ocean Shipping and his firm "ridiculous." BUT PROFITABLE! Feinstein
said, "I had absolutely no knowledge" of any of this. SUCH A CHEAP
ACTRESS. SHE DOESN’T KNOW HOW SHE’S ENDED UP ACQUIRING 40 MILLION IN MANSIONS
ON A SENATOR’S SALARY WHILE IN ELECTED OFFICE EITHER! In separate telephone
interviews Wednesday, Feinstein and Blum emphasized that they share a deep,
personal interest in China dating back two decades. Blum won permission from
the Chinese in 1981 to lead the first attempt in modern times to climb the east
face of Mt. Everest. He describes himself as a "close personal
friend" of the Dalai Lama, the exiled Tibetan religious leader—a friendship,
he notes, that would not win favor with the Beijing government. FEINSTEIN:
Senator, Husband Say 'Firewall' Divides Their China Ties As a pro-business
mayor of San Francisco in the 1980s, Feinstein worked intently to expand
economic ties in the Pacific Rim, especially in China. She set out early in her
tenure to establish sister city relations between San Francisco and Shanghai.
Feinstein and her counterpart in Shanghai at the time, Jiang Zemin, who is now
China's president, agreed in 1986 to designate various corporate entities to
foster trade and other business relations. One was named Shanghai Pacific
Partners- Blum served as a director. PIMPING HIS WIFE AND HER TRUSTED ELECTED
OFFICEBlum traveled with Feinstein to China in August 1995, and January and
November 1996. Jiang Zemin personally invited Feinstein to make the first
visit.
Feinstein's support of China in Congress has been so
outspoken that she occasionally has drawn criticism. In a recent speech, she
called for creation of a commission that would study the evolution of human
rights in both the United States and China. The panel "would point out the
success and failures [of] both Tiananmen Square and Kent State," she said
in a remark denounced by some human rights advocates. Hundreds of demonstrators
were killed in the 1989 assault by the Chinese military. Four students were
killed by Ohio National Guard gunfire in the 1970 antiwar demonstration. IN
CHINA.... WHORE TRAITOR FEINSTEIN WOULD HAVE BEEN TRIED AND EXECUTED
*………
Chinese
Spy 'Slept' In U.S. for 2 Decades Espionage Network Said
to Be Growing
By Joby Warrick and Carrie Johnson
Washington Post Staff WritersThursday, April 3, 2008; A01
Prosecutors
called Chi Mak the "perfect sleeper agent," though he hardly looked
the part. For two decades, the bespectacled Chinese-born engineer lived quietly
with his wife in a Los Angeles
suburb, buying a house and holding a steady job with a U.S. defense contractor,
which rewarded him with promotions and a security clearance. Colleagues remembered
him as a hard worker who often took paperwork home at night.
Eventually,
Mak's job gave him access to sensitive plans for Navy ships, submarines and
weapons. These he secretly copied and sent via courier to China -- fulfilling a
mission that U.S. officials say he had been planning since the 1970s.
Mak
was sentenced last week to 24 1/2 years in prison by a federal judge who
described the lengthy term as a warning to China not to "send agents here
to steal America's military
secrets." But it may already be too late: According to U.S. intelligence
and Justice Department
officials, the Mak case represents only a small facet of an
intelligence-gathering operation that has long been in place and is growing in
size and sophistication.
The
Chinese government, in an enterprise that one senior official likened to an
"intellectual vacuum cleaner," has deployed a diverse network of
professional spies, students, scientists and others to systematically collect
U.S. know-how, the officials said. Some are trained in modern electronic
techniques for snooping on wireless computer transactions. Others, such as Mak,
are technical experts who have been in place for years and have blended into
their communities.
The
cases are among at least a dozen investigations of Chinese espionage that have
yielded criminal charges or guilty pleas in the past year. Since 2000, Immigration and Customs Enforcement
officials have launched more than 540 investigations of illegal technology
exports to China.
The
FBI recently
heightened its counterintelligence operations against Chinese activities in the
United States after Director
Robert S. Mueller III cited "substantial concern" about
aggressive attempts to use students, scientists and "front companies"
to acquire military secrets.
Recent
prosecutions indicate that Chinese agents have infiltrated sensitive military
programs pertaining to nuclear missiles, submarine propulsion technology,
night-vision capabilities and fighter pilot training -- all of which could help
China modernize its programs while developing countermeasures against advanced
weapons systems used by the United States and its allies.
"The
intelligence services of the People's Republic of China pose a significant
threat both to the national security and to the compromise of U.S. critical
national assets," said William Carter, an FBI spokesman. "The PRC
will remain a significant threat for a long time as they attempt to develop
their military capabilities and to develop their economy in order to compete in
today's world economy."
While
military technology appears to be the top prize, the Chinese effort is also
aimed at commercial and industrial technologies, which often are poorly
protected, several officials said. "Espionage used to be a problem for the
FBI, CIA and
military, but now it's a problem for corporations," Brenner said.
"It's no longer a cloak-and-dagger thing. It's about computer architecture
and the soundness of electronic systems."
But U.S. intelligence and
defense officials say China has been able to use technology of U.S. origin in a
new generation of advanced naval destroyers and quiet-running, stealthy
submarines.
Chinese espionage has become one of the most pervasive US
counterintelligence problems, officials say.
Rating President Obama on The Issues - OBAMA EXPANDS WELFARE FOR ILLEGALS AGAIN - Rasmussen Reports™
Rating President Obama on The Issues - Rasmussen Reports™
Who are Obama’s LA RAZA party base of illegals. How
much of a threat to America is this Mexican fascism?
"Remember 187 -- the Proposition to
deny taxpayer funds for services to non-citizens --- was the last gasp of white
America in California." --- Art
Torres, Chairman of the California Democratic Party… NOW THE PARTY for LA RAZA
SUPREMACY
*
how do the la raza dems
build their party base of illegals? no borders, no enforcement, no E-VERIFY, no
legal need apply AND MUCHO DREAM ACTS of WEFLARE, OBAMACARE and now food
stamps.
“The
watchdogs at Judicial Watch discovered documents that reveal how the Obama
administration's close coordination with the Mexican government entices
Mexicans to hop over the fence and on to the American dole.” Washington Times
NEXT TO DRUGS,
MEXICO’S BIGGEST EXPORTS IS POVERTY, CRIMNALS and ANCHOR BABY BREEDERS = 18
YEARS OF GRINGO-PAID WELFARE!
The danger, as Washington
Post economics columnist Robert Samuelson argues, is that of “importing
poverty” in the form of a new underclass—a permanent group of working poor…
AMNESTY IS ONLY ABOUT KEEPING WAGES FOR LEGALS DEPRESSED!
Heritage: Amnestied Illegals Will
Get $9.4T in Benefits; Increase Debt $6.3T'
what is the REAL cost of all that “CHEAP” Mexican labor? Add
it up and then factor in the MEXICAN CRIME TIDAL WAVE and the fact that the
MEXICAN DRUG CARTELS now operate in 2,500 American cities!
VIVA LA RAZA AMNESTY and OBAMA’S OPEN BORDERS AGENDA???
GOP: OBAMA’S AMNESTY HANDOUT WILL COST THE
AMERICAN MIDDLE CLASS BILLIONS!
Poll: 80% of GOP voters less likely to vote for a member of
Congress who supports giving legal status to undocumented aliens.
http://www.alipac.us/content.php?r=1673-GOP-Voters-Oppose-Legalizing-Aliens-Nearly-80-Republicans-would-be-less-likely-to
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
http://www.alipac.us/content.php?r=1673-GOP-Voters-Oppose-Legalizing-Aliens-Nearly-80-Republicans-would-be-less-likely-to
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
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