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


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

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


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.

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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!

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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.

 
Who is the real Barack Obama??? Is he only a performer addicted to photo-ops and red carpet appearances? Is he a closet Republican increasingly compared to one of America’s greatest disasters as a president, George W. Bush? Is he Mexico’s first LA RAZA SUPREMACY president?

…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).”

 ...please post this article on FACEBOOK and e-send to your family and friends. email links for these services at bottom of this article

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.

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
 
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
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
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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.
 
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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
 
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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

 


 

 

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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.