Posted on 11/03/2007 6:12:51 AM PDT by davidosborne
HUNTER CALLS ON ROMNEY TO OPPOSE BAIN PARTNERSHIP WITH CHINESE COMPANY
FOR IMMEDIATE RELEASE: November 2, 2007
CONTACT: Gary Becks (619) 334-1655, dlhunter08@yahoo.com
San Diego, CA - - - Presidential candidate and current Ranking Member of the House Armed Services Committee, Congressman Duncan Hunter, today called on former Governor Mitt Romney to send a "clear statement" to the leadership of the company he founded, Bain Capital, to terminate a proposed business deal with a controversial Chinese corporation seeking to acquire U.S. defense contractor 3COM. Bain Capital is attempting to form a business arrangement with Huawei Corporation, a Chinese corporation founded by an officer of the Peoples Liberation Army of Communist China, which faces allegations of assisting Saddam Hussein in the targeting of U.S. aircraft and in helping the Taliban develop surveillance equipment.
"I am extremely concerned that Governor Romney's company would tout a highly suspect Chinese corporation as a strategic partner," stated Hunter. "Forming a business partnership with a corporation known to have direct ties with terrorists and dictators while, at the same time, openly seeking to acquire a major U.S. corporation that performs vital cyber security work for the Department of Defense, can only be characterized as irresponsible."
A resolution has been introduced in Congress, H.Res. 730, which states; "The preponderance of publicly available evidence clearly suggests that as currently structured, the proposed transaction involving Huawei threatens the national security of the United States and should not be approved by the Committee on Foreign Investment in the United States ." A copy of this resolution is provided.
Hunter stated in his letter to Governor Romney, "…while it is true that you no longer control Bain Capital, the contributions you have received from its principals as its founding member indicate that your influence within the company remains strong.
"Further, while the Committee on Foreign Investment has yet to rule on the Huawei transaction, this corporation's connection to Saddam Hussein, the Taliban and the Army of Communist China should clearly disqualify them from becoming, in the words of your former company, "a strategic partner" in acquiring a U.S. firm such as 3COM, which performs vital cyber-security work for the U.S. Department of Defense.
"This letter is a request that you immediately issue a statement of policy that this transaction should be terminated on the grounds of national security. Please let me know what you intend to do."
A copy of Congressman Hunter's letter, as well as two articles regarding Huawei acquisition efforts are provided. Media are encouraged to contact Gary Becks at (619) 334-1655 for additional information or to arrange an interview with Hunter.
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And if you ran a search on the top 50 financial companies, you would find all 50 of them have Asian offices.
Likewise the top 50 US Corporations, from Microsoft to GE to CocaCola.
They all have offices in China and elsewhere in Asia. They are global businesses.
And if you ran a search on the top 50 financial companies, you would find all 50 of them have Asian offices.
Likewise the top 50 US Corporations, from Microsoft to GE to CocaCola.
They all have offices in China and elsewhere in Asia. They are global businesses.
Yes, point?
“This is false. Romney does not manage the company,”
In fact, an advanced Google search finds that the word “romney” appears nowhere on the site or its branches!
It’s like he never worked there or founded it. You’d think that they would be proud that he was the founder, wouldn’t you?
Sort of like Algor and Occidental Petroleum.
I like Mr. Hunter, but I have concerns about this comment. While I'm sure that Mr. Romney has influence with the people still running Bain Capital, there may be specific laws and at least ethical guidelines against a candidate or public office holder trying to exercise any kind of control over a company, even if that control is for a patriotic interest. For the most part, we want our office holders and candidates to cease exercising any kind of control once they've left a private company and begun running for office.
Bill
I totally agree but, you know, that’s what we have HELL for.
“This is grandstanding”
Not at all! This is what Hunter does for a living......protects the security of this country.
Bain was also involved with another company who is directly tied to national securtiy concerns and CHINA.....Raytheon.....while Romney was still with Bain.
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