James Carville: "It's a feel-good story, this Romney thing. Romney is an ascendant guy."
Posted on 11/02/2007 5:53:53 PM PDT by pissant
WASHINGTON (CNN) — Congressman Duncan Hunter, R-California, who is running for President, called on Mitt Romney, another GOP candidate, to take a public stance on the proposed partnership between the private equity firm Romney founded and a Chinese-based company.
Before running for Governor of Massachusetts in 2002, Romney was the CEO and founder of Bain Capital Partners, a highly successful venture capital and investment firm based in Boston which currently manages more than $50 billion in assets, according to the company's website.
Last month, Bain Capital and China's Huawei Technology purchased 3Com in a deal valued at $2.2 billion. The deal gave the Chinese company a minority stake in 3Com, an internet security company.
Hunter says that 3Com has contracts with the U.S. Dept. of Defense. However, Bain Capital tells CNN 3Com does not contract with the U.S. government directly, and the Chinese company will not have access to sensitive U.S.-origin technology or U.S. government sales as a result of this transaction.
In a letter addressed to Romney, provided to CNN by Hunter's campaign, Hunter claims the Chinese company has ties to Saddam Hussein and the Taliban and asks Romney to come forward with a "clear statement" in opposition to the deal sealed last October.
The Bain Capital deal in question "can only be characterized as irresponsible," Hunter said in a written statement.
In September, other Republicans in the House called on the Bush administration to block the merger and proposed a resolution that says the deal "threatens the national security of the United States and should not be approved by the Committee on Foreign Investment in the United States."
Romney's campaign provided CNN the following statement in response to the request from Hunter, "Governor Romney is no longer involved in Bain Capital and their investment decisions."
(Excerpt) Read more at politicalticker.blogs.cnn.com ...
You sound like a carbon copy of the DUmmies who think that anybody they disagree with is in cahoots to turn the world into a slave market.
I own several hundred shares of 3Com.
That makes ME a minority share holder also.
Should I "come clean" just to make Duncan Hunter happy.
James Carville: "It's a feel-good story, this Romney thing. Romney is an ascendant guy."
Screw America for a buck patriots. I’m really glad my grandparents aren’t around to see what’s happened to the GOP.
But does Romney still he hold stock in Bain?
>The only man who will put his boot on China’s neck.<
The only man who is aware of the inner workings of our sorry trade agreement with them, and courageous enough to warn the country of Red China’s treachery.
His intent to renegotiate that trade agreement with Red China to level the playing field is imperative in avoiding the bankruptcy of America!
(Why we allowed Red China to purchase our treasury bonds, and why we signed a trade agreement with them to begin with is beyond me! We must not forget that Freddie Dalton Thompson voted Red China Most Favored Nation, either!)
We need Duncan Hunter in the White House. We also need conservative Republicans in Congress!
Absolutely. My problem is not so much the religious thing because I've been told that aside from the "magical underwear" he's basically a Christian. But, I've always thought he looked like a crook or a con man.
Maybe it's just me, but I think the "every hair in place" image seems unreal.
Anyways. 3Com is being bought by Chinese Military Huawei, and Bain. Supposedly Chinese Military is buying 17% and Bain the rest.
So why does Bain need to cut in the Chinese MilitaryHuawei?
Why? Because Bain is getting a loans from the Chinese Militarybanks in China.
Bain is a beard for the Chinese military.
Bain is a front.
Bain has sold itself out.
You a member of the PLA too?
Sure. I can live with that.
Even here in Michigan where the Romney name carries some weight, many of the local old timers say Mitt is too slick to be trusted.
Considering the fact that they’re selling weapons to our enemies that are killing our soldiers, we certainly wouldn’t want to upset that “partnership”.
The US$800m non-recourse portion of the US$1.2bn financing that will support Bain Capital and Huawei Technologies’ proposed US$2.2bn acquisition of 3Com Corp, is expected to be launched into sub-underwriting early this week. China Development Bank and WestLB have joined the deal as MLAs ahead of launch.
Mitt Romney’s communist connection
Posted by Charles Cooper
Most Americans probably are not intimately familiar with Huawei (pronounced “Wa-way,” as if Gilda Radner of Saturday Night Live fame were asked to pronounce the name). The company’s founder, Ren Zhengfei is a former officer of the People’s Liberation Army.
Tough to know what to make of that. When it comes to speaking with the press, Ren is a regular Greta Garbo. A mini-profile Forbes ran three years ago noted that many of Huawei’s major customers are state-run businesses in China. And while Ren owns 1 percent of the company, the rest belongs to an unidentified “union.”
Go figure.
Meanwhile, Ren has gone about building Huawei into a success story disregarding the usual corporate niceties. In 2000—three years before the WMD craze got us all nutso about taking out Saddam—the CIA accused Huawei of secretly selling a communications system to Iraq. In the final report of the Iraq Survey Group, Huawei and two other Chinese companies were singled out for carrying out “extensive work in and around Baghdad”—mainly telecommunication switches and the installation of fiber-optic cable.
Then in 2003, Cisco socked Huawei with a patent infringement lawsuit. Cisco claimed Huawei ripped off its intellectual property to make a lineup of routers and switches. Huawei denied the allegations though in the end caved.
But if at all possible, business doesn’t let politics intrude. So it is that Friday we learned that Bain Capital is paying $2.2 billion to acquire 3Com. Part of the deal involves China’s Huawei Technologies, which will acquire a minority stake in 3Com.
Ooh this is getting good. Myth is being peeled to expose who he really is, a flip-flopping, lawyer consulting, phoney RINO.
Duncan Hunter: Army Ranger, Patriot, Hero, True Conservative, Right on every issue every time. Clearly the best choice.
“If not a partnership, I suppose we should have a heated antagonistic relationship with China?”
Guess you prefer China give our enemy weapons to kill our troops behind the scenes, eh?
IMHO
Duncan Hunter: “..And that is why they have transferred technology to countries around the world that are not friends of the United States. That is why we can see China as always, like when we put stiff sanctions on Iran which is walking down the path to build nuclear weapons, China is there to blunt American sanctions..”
http://blog.barofintegrity.us/2007/09/04/duncan-hunter-interview-with-hugh-hewitt.aspx
I don’t trust them. Behind the scenes China would help our enemy harm us. Red China wants to be superior to us.
Red China is our ENEMY.
Remember when the Chinese downed an American aircraft over INTERNATIONAL waters, and kept Americans as hostages? The Chinese pilot was purposely trying to down it at great risk, and the risk was so great that the Chinese pilot ended up getting killed.
Then the Chinese harass us by holding American military as hostages for a long time. AGAIN, the American aircrat was over INTERNATIONAL waters.
So, what’s the solution? Go to war with China?
I own several hundred shares of 3Com.
That makes ME a minority share holder also.
Should I "come clean" just to make Duncan Hunter happy.
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