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 ...
See #33. You are comparing apples to asteroids, my friend.
American administrations don’t know how to play the Asian “face” game; allowing both parties to get what they want out of the other while treating each other as equals instead of enemies.
“So, what’s the solution? Go to war with China?”
Be very wary of China, it seems the only man in Washington that is doing that is Duncan Hunter.
Go to war? No. But we don’t have to give them wet, sloppy kisses either. We can trade with them but they are still our enemy and should be treated as such. We should be every bit as open with them as they are with us. How is China doing on that front?
No need to denounce them, but you will be hungry again in 30 minutes. You made a funny, but I am not sure how you buying Chinese food is the same? Did you somehow give the Chinese access to national security secrets? If not, I wouldn’t worry myself too much.
You don’t need to come clean. You’re not running for President. Unless of course you feel guilty and it would make you feel better.
“So, what’s the solution? Go to war with China?”
How about we start with closing that approximately $250 BILLION trade imbalance EACH YEAR that we have with Red China, due to China’s cheating, so that China can’t built it’s military even stronger with American dollars?
Crack down on them, fine, but purge the whole economy. Singling out one company is ridiculous.
Got proof?
“American administrations don’t know how to play the Asian “face” game; allowing both parties to get what they want out of the other while treating each other as equals instead of enemies.
I’m afraid American administrations are causing us to lose more than “face.” Red China is playing us for a fool.
They are NOT our friends.
“Chinese military hacked into Pentagon
By Demetri Sevastopulo in Washington
Published: September 3 2007 19:00 | Last updated: September 3 2007 20:53
The Chinese military hacked into a Pentagon computer network in June in the most successful cyber attack on the US defence department, say American *officials.”
snippet from http://www.ft.com/cms/s/0/9dba9ba2-5...0779fd2ac.html (via Drudge)
And here’s what the previous administration did:
“I believe that this espionage case — the Chinese — is the worst in the history of this country. They got just about everything that we have and you’ll see it in the out years in their development of their weapons.” Senator Richard Shelby
http://members.aol.com/hclint0n/rshelesp.mov
“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!”
It’s unbelievable what our politicians have done to our country. So sad.
You are likely correct about spies. This isn’t about spies or singling out one particular company. There is no fine line here, I think it’s obvious when a company that is directly linked to national security or of strategic importance to the US is sold to the Chinese. Why worry about spies when you own the company? The only way I see to deal with this is for all Government entities to break the contracts with 3COM. You are correct, it is ridiculous, but it’s not the singling out of one company that is, but rather the fact that the deal went down in the first place.
Read up on what 3com does. It cannot be compromised.
How exactly can I prove something I don’t know the answer to? I wasn’t asking a rhetorical question. I genuinely do not know. I had read something to that effect in another thread, but that’s hardly a confirmation of facts—something I was asking for.
Yeesh.
I’m not sure Duncan would ‘put his boot on their neck’, but I’m sure he’d get them out of American politics....which would definitely be a good thing.
“His intent to renegotiate that trade agreement with Red China to level the playing field is imperative in avoiding the bankruptcy of America!”
We have trade deficits throughout the world...with almost every other trading partner. Partially our policy, partially our savings, and the latter is our currency system.
Good point.
No, I’m pretty sure he’s going to do alot more than that.
http://www.freerepublic.com/focus/f-bloggers/1882543/posts
Well, there goes Hunter’s chances for VP, right out the window.
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