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Will Congress Sell Out the American People at "U.S." multinational CEOs' Request?
http://www.americaneconomicalert.org/view_art.asp?Prod_ID=2889 ^

Posted on 11/20/2007 10:52:22 AM PST by dit_xi

Will Congress Sell Out the American People at "U.S." multinational CEOs' Request? William R. Hawkins Tuesday, November 20, 2007

On November 14, the CEOs of 105 major transnational corporations sent a letter organized by the U.S.-China Business Council to the Democratic and Republican leaders of both houses of Congress. The letter argued against enacting any legislation “targeting the U.S.-China trading relationship.” These corporations are heavily involved financially in this ‘relationship,” helping China rise to become the next great rival to the United States. They provide Beijing with capital and technology, and place the orders that keep Chinese factories open while American factories close – or move their own factories from here to China. They bear much of the responsibility for last year’s lopsided $235 billion U.S. trade deficit with China.

When their letter cites the “enormous benefits to our economy in terms of job creation and economic growth,” they should really be talking about China. U.S. exports to Beijing have grown over the past five years, but from a much lower base – from $18 billion to $52 billion. Meanwhile U.S. imports from China have jumped from $102 billion to $287 billion. Although the percentage increase in U.S. export growth is greater, percentages don’t buy anything; cash does. And this is where China makes out like the bandit that it is – with a tripling of the American trade deficit with Beijing over those five years.

The problems posed by China’s rise cannot be ignored. Even the CEOs had to pay lip service to issues of “currency valuation, product safety, and intellectual property protection” – areas where China is ignoring its international obligations. But the CEOs just don’t want anything done about them. They did not even mention going to the World Trade Organization as an alternative to “unilateral trade penalties.” All they want is for U.S. leaders to “engage directly with the Chinese Government on issues of mutual concern.” In other words, the U.S. government should continue to engage in chit-chat while letting Beijing call the all the real shots.

Our problems with China are not just commercial. Defense Secretary Robert Gates recently visited Beijing to “engage” its leaders on the many strategic concerns arising as U.S.-Chinese national interests continue to come into greater conflict. One issue Mr. Gates raised was outright Chinese support for Iran – not just Beijing’s opposition to sanctions against Tehran’s nuclear program. China is arming Iran with conventional weapons, some of which end up in the hands of insurgents and militias in Iraq, Afghanistan, and Lebanon. But his hosts were silent except to urge that only “peaceful means” be used to counter Iran’s ambitions – and Beijing defines sanctions as non-peaceful. Mr. Gates got even less of an answer about Beijing’s anti-satellite program. Meanwhile, during his visit, a Chinese spacecraft was headed to the Moon, Chinese factories were turning out new warplanes and nuclear missiles (including ICBMs that can strike America), and Chinese shipyards were building submarines and destroyers in larger numbers than American yards.

It is often said that Beijing’s aims are not ‘transparent” because Chinese officials give up nothing in the endless rounds of talks that are constantly being conducted under the “engagement” approach. But for those who can see (and count), the Chinese strategic objective is quite obvious: to overthrow American “hegemony” around the world. And this gaggle of CEOs has decided that they can profit by helping Beijing achieve its goals against the security and prosperity of the United States.

William Reinsch, president of the National Foreign Trade Council (notorious for its defense of doing business with rogue regimes), was quoted by the Washington Post on Nov. 16 as saying, "As weaponry gets more and more sophisticated . . . I think we’ll find ourselves more vulnerable for parts that are being manufactured by an adversary," meaning China. This is not idle speculation. One of the CEOs who signed the letter was W. James McNerney, Jr. of the Boeing Company, one of America’s leading defense contractors. Boeing is already outsourcing production of components for its commercial aircraft to China. So it is not that these business executives do not know what is happening, or what the dangers are. They just don’t care. Indeed, Beijing pays them not to care.

The letter by the CEOs should persuade Congress only of their untrustworthiness. Those who throw in their lot with a rival power merely out of personal greed or corporate gain should have no standing in the corridors of Congress, or anywhere else where American policy is supposed to be determined by public servants. But unfortunately, in many circles, money has become the basis of politics, not patriotism.

The main reason these rogue CEOs and the mercenary hacks they employ as lobbyists get in the offices of Members of Congress is not because they have anything intelligent to say about U.S.-China policy, but because they wave corporate and personal checkbooks in support of the Members re-election campaigns. Indeed, the reason the text of the letter was so short on substance was that the argument was not the message – the list of major campaign contributors among the signers was the real point being made to Congress..

So is Congress for sale to the China lobby? Do Beijing’s “gains from trade” include the power to decide what legislation the U.S. Congress will pass? Eventually, the record will speak for itself – and in fact, it already does. Floor action on all of the pending China bills has already slipped into next year – this despite the loud public outcry over the many examples of scandals and reckless behavior by Beijing and Chinese corporations this year.

Concerned readers should request a copy of the CEO letter from their Members of Congress, and ask the politicians whose interests they plan to represent – America’s or China’s – between now and the next election.


TOPICS: Politics
KEYWORDS: 110th; b4dh; ceo; china; duncanhunter; transnationals
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To: Paperdoll
"Our government no longer serves the American people."

The U.S. government at all levels exist to serve multi-national corporations. That's precisely why the NorthAmericanUnion is slipped under the U.S. tent, without so much as a whimper from our elected pols, that is also why the two border patrol agents languish in prison while the drug runner goes free, that is also why Arab countries are building mosques and madrassas fast and furious.

The only "News that's fit to print" are headlines about Brittany, Tom Cruise, Paris Hilton, and the latest winner on "American Idol," etc.: to keep the eyes of the "sheeple" fixed on non-issues lest they become too concerned with the massive give-away of our sovereignty to the highest bidders, behind our backs.

21 posted on 11/20/2007 6:47:40 PM PST by zerosix (Native Sunflower)
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To: All; tiredoflaundry; MotleyGirl70; processing please hold; mdittmar; pattty; conservativegrunt; ...

You might know that Bill Gertz is always writing articles and books on the China threats, so I e-mailed him and asked him to help Duncan Hunter out, and included a snippet of a Hunter quote re: Communist China.

I hope others will join me in contacting Bill Gertz. Gertz has been a guest on many radio shows, including Drudge, Mark Levin, Bob Dornan, et al

Bill Gertz covers the Pentagon. He can be reached at 202/636-3274 or at bgertz@washingtontimes.com.


22 posted on 11/20/2007 7:00:15 PM PST by Sun (Duncan Hunter: pro-God/life/borders, understands Red China threat, NRA A+rating! www.gohunter08.com)
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To: dit_xi
So is Congress for sale to the China lobby?

The US has been giving in to China since the early 90s and it got especially worse under Clinton. Unlike them and India, two countries who work tirelessly to preserve an advantage in trade the US seems to bend over backwards to accommodate everyone.

23 posted on 11/20/2007 7:19:30 PM PST by Reaganwuzthebest
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To: dit_xi

Wonder who China will elect for president this time around?

You can bet it will be a Globalist.


24 posted on 11/21/2007 4:59:05 AM PST by wolfcreek (The Status Quo Sucks!)
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To: dit_xi

from $18 billion to $52 billion. Meanwhile U.S. imports from China have jumped from $102 billion to $287 billion.
__________________________

288% increase for US exports to China in the last 5 years; 281% for Chinese trade. At that rate it will take about 50 years to have balanced trade with China. It looks like there is a major advance for us and not as great for China in trade . . . but when you run the numbers . . . not.


25 posted on 11/21/2007 6:14:17 AM PST by Greg F (Duncan Hunter is a good man.)
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To: dit_xi
Will Congress Sell Out the American People at "U.S." multinational CEOs' Request?

In a Noo Yawk second.

26 posted on 11/21/2007 6:16:44 AM PST by Smokin' Joe (How often God must weep at humans' folly.)
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To: dit_xi
"Will Congress Sell Out the American People at "U.S." multinational CEOs' Request? "

Not only YES, but HELL YES! They'd sell their dying grandmothers if requested!
27 posted on 11/21/2007 6:19:49 AM PST by Convert from ECUSA (A voter wavering between wanting radical change and burning the damn place down)
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To: wolfcreek
I particularly found telling this analysis:

The letter by the CEOs should persuade Congress only of their untrustworthiness. Those who throw in their lot with a rival power merely out of personal greed or corporate gain should have no standing in the corridors of Congress, or anywhere else where American policy is supposed to be determined by public servants. But unfortunately, in many circles, money has become the basis of politics, not patriotism.

The main reason these rogue CEOs and the mercenary hacks they employ as lobbyists get in the offices of Members of Congress is not because they have anything intelligent to say about U.S.-China policy, but because they wave corporate and personal checkbooks in support of the Members re-election campaigns. Indeed, the reason the text of the letter was so short on substance was that the argument was not the message – the list of major campaign contributors among the signers was the real point being made to Congress.

This is compelling. The "arguments" they made were so incredibly feeble, their refusal to urge any redress whatsoever, it is in fact manifest that Hawkins has nailed them. They are overtly attempting to continue to corrupt the People's House. Not the first time, nor will it be the last. The question is, can the People actually wake up to their danger in time, flush everyone in the House and Senate who has succumbed to the bribes, and make it fit for Americans again.

Your comment was apt, but I would revise it slightly:

Wonder who China will elect Select for the U.S.Sheeple for president this time around?

You can bet it will be a China-Firster "Globalist".


28 posted on 11/21/2007 9:04:50 AM PST by Paul Ross (Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
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To: Paul Ross
Agreed but, Hillary does this right out in the open and no one calls her on it. How do we know who’s involved and who’s not? Who will stand up for this country (other than Hunter) and actually weed these people out.

Our political system is a farce. Maybe it always has been.

29 posted on 11/21/2007 12:53:23 PM PST by wolfcreek (The Status Quo Sucks!)
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To: Sun
Many years ago Nikita Khrushchev made a statement. He said we would bury ourselves. To a large degree, his prophecy has come true.
Capitalism is a two edged sword. The often thinly veiled facade of patriotism by many capitalist no longer is required.
The object is to amass large sums of money. No matter what the ramification are in the long run. The problem Duncan Hunter will have is getting anyone to listen to his appeals to attempt to stop the tide. We have lost so much during the past twenty years it is beyond pathetic.
Once major industrial complexes, manufacturing plants etc., close down and the populations formerly dependent on them are dispersed, one has one hell of a job to attempt to reconstruct what was built over a hundred years plus.
The dangers have been expounded time in again over the years.
The dangers fell on deaf ears.
30 posted on 11/21/2007 5:33:45 PM PST by Marine_Uncle (Duncan Hunter for POTUS)
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To: dit_xi
It does not sound as if the CEOs are frightened; they are the men fighting for free market capitalism. This organization also sounds protectionist, and that is one great big No-No in free market economics.

I am not for Hunter's "Mirror Trade"- it is a killer for capitalism and free market economics, protectionist, and one big mistake.

No, we are in this for the long haul. The good news is that China is definitely on the path to freedom: they passed a law that says the chinese may own private property now, and the companies owned by the government are being moved to the private sector.

I think we just have to ride this one out. Free market capitalism is not for the faint of heart.

The one thing the government can do is decide to award their military contracts to other companies if they do not like the policies of global companies. Make it worth their while to build our military equipment here by only awarding contracts to those companies.

31 posted on 11/21/2007 5:35:40 PM PST by Constitution1st (Never, never, never quit - Winston Churchill)
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To: Marine_Uncle

Yes, once we lose something, it’s hard to get it back.


32 posted on 11/21/2007 7:12:46 PM PST by Sun (Duncan Hunter: pro-God/life/borders, understands Red China threat, NRA A+rating! www.gohunter08.com)
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