Posted on 09/19/2016 1:09:57 PM PDT by Kaslin
On May 28, 1993 Bill Clinton signed Executive Order 12850. This improper EO changed the way the U.S. made trade deals with China and led to the loss of tens of millions of American manufacturing jobs. The story of how this was done not only proves that the Clintons are behind the loss of American jobs, but shows how Bill Clinton established a Democratic strategy for manipulating foreign policy that was copied by both Hillary while she was Secretary of State and Obama while he was president.
At the time, U.S.-China trade relations were conditioned upon China’s humanitarian treatment of its own citizens. Americans had seen protesters in Tiananmen Square crushed by Chinese tanks. The brutality of the Chinese toward unarmed protesters had shocked Americans so much that China was required to treat its citizens in a humanitarian way in order to maintain its MFN (Most Favored Nation) status.
China desperately needed to keep its MFN status for one reason: only with MFN status could it get a huge discount on tariffs it had to pay to the U.S. With MFN Chinese manufacturers only had to pay a 6% tariff. Without it they would have had to pay an unprofitable 40%. So without its MFN status China couldn’t as easily compete with American manufacturers. China’s MFN status was suspended during the Korean War, but conditionally reinstated in 1980 under the Jackson-Vanir freedom of emigration amendment to the Trade Act of 1974.
This is where Bill Clinton stepped in. With his 1993 Executive Order, he unconstitutionally seized control of the MFN conditions, removing it from the involvement of Congress, just as Obama seized treaty control away from the Senate with his Iranian nuke deal.
(Excerpt) Read more at americanthinker.com ...
And in other news...
It may have cost a lot of Americans their jobs, but it paid off when Bill needed to raise money for his re-election campaign.
It may have cost a lot of Americans their jobs, but it paid off when Bill needed to raise money for his re-election campaign.
Self-ping.
And because of the f’ing leftist press we are just now hearing about this? Where were the Republicans when this happened?
I already shut off my cable tv 7 years ago. What more can I do?
Thankyouverymuch
How many ‘speeches’ did he make for the Chinese?
Thank you, you pedophile moron!!! Trump should repeal Billy’s EO, 2seconds after Trump declared the winner...
Does anyone remember all the Chinese donors to the Clinton campaign who were found to be funneling money from Chinese organizations, government and individuals. It was a big scandal, but nobody went to jail and some of them escaped overseas. Don’t remember the details, but one of them, Charlie Trie famously said something like, “the Wh is like a subway, you put in the coin and get entrance.”
More proof that the conniving Clintons monetized US govt policy for their own gain. Every aspect of Clinton's presidency needs to be examined. Taxpayers demand Bill and Hillary Clinton's looting and pillaging the Treasury be exposed.
Case in point: Recent news reports say the notoriously greedy Clintons used their tax- exempt Clinton Foundation charity to setup a money-making private equity fund in the corrupt Central American country of Colombia.
Why Colombia?
WIKI REFERENCE---In 2000, the Clinton administration committed $1.3 billion in foreign aid to the corrupt country of Colombia...... and up to five hundred military personnel to train local forces. An additional three hundred civilian personnel were allowed to assist in the eradication of coca.
The Clinton deal was an addition to $330 million of previously approved US aid to Colombia. $818 million was earmarked for 2000, with $256 million for 2001.
The Clinton-era appropriations for his Colombia Plan made Colombia the third largest recipient of foreign aid from the United States at the time.
--SNIP--
As of 2008, the U.S. has provided nearly $1.3 billion to Colombia through Clinton Plan Colombia nonmilitary aid programs:
<><> Alternative Development (2000-2008 cost: $500 million)
<><> Internally Displaced Persons (2000-2008 cost: $247 million)
<><> Demobilization and Reintegration (2000-2008 cost: $44 million)
<><> Democracy and Human Rights (2000-2008 cost: $158 million)
<><> Promote the Rule of Law (2000-2008 cost: $238 million)
LONG READ--REST AT https://en.wikipedia.org/wiki/Plan_Colombia
==============================
04/16/2008----Former President Bill Clinton has earned hundreds of thousands of dollars speaking on behalf of a Colombia-based group pushing the trade pact, and representatives of that organization tell The Huffington Post that the former president shared their sentiment.
In June 2005, Clinton was paid $800,000 by the Colombia-based Gold Service International to give four speeches throughout Latin America. The organization is, ostensibly, a development group tasked with bringing investment to the country and educating world leaders about the Colombia’s business opportunities.
The group’s chief operating officer, Andres Franco, said in an interview that the group supports the congressional ratification of the free trade agreement and that, when Clinton was on his speaking tour, he expressed similar opinions. “He was supportive of the trade agreement at the time that he came, but that was several years ago.
In the present context, I don’t know what his position would be. It is not only about union trade rights. It is about what benefit or damage it can do to the US economy,” said Franco. “Events with the Clinton campaign [concerning Mark Penn] are not good at all for the trade agreement... Right now it became a campaign issues and that is sad, because it needs to go through.”
The comments were supported by a June 23, 2005 article from the news portal Terra (uncovered by Ben Smith at Politico) in which Clinton offered unambiguous support for the free trade agreement with Colombia.
They appear to be the first public indication that Clinton has, at least in the past, supported the trade deal. But evidence that the former president has been sympathetic to Colombia’s position is widely known. In 2007, Clinton met personally with and accepted an award from Colombia’s controversial president, Alvaro Uribe, during a time when the country was attempting to improve its image within the United States.
Subsequently, Clinton urged Congress to view the country in a more favorable light.
Moreover, Clinton has helped Frank Giustra, one of the biggest donors to the Clinton Global Initiative, score meetings with high-ranking Colombian officials. Giustra has several business interests in the country, and both he and Clinton have collaborated on an effort to (cough) "fight poverty in developing world by partnering up with mining companies in Colombia and elsewhere." SOURCE: http://nypost.com/2008/12/19/bubba-sheik-ing-the-money-tree/
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UT OH---Obama/s now requesting billions for Colombia---to (cough) curb the drug trade.
Charlie Trie, is the one I remember too
Did a google search and came up with this:
Lest We Forget Chinagate, The Most Serious Scandal in US History | www.independentsentinel.com
http://www.independentsentinel.com/lest-we-forget-hillarys-china-gate-scandal/
How could we overlook Johnny Chung and Commercegate where places on Dept. of Commerce Economic missions were sold for campaign donations.
And pertinent to today, the testimony of a Clinton administration insider, Nolanda Hill spilled the beans.
Nolanda Hill, a business partner and confidante of the Clinton then-Commerce Secretary Ron Brown testified in a court hearing during the litigation that the Clinton White House told Brown to “delay the [Judicial Watch] case by withholding the production of documents prior to the 1996 elections and to devise a way not to comply with the court’s orders.”
She also testified that Brown, who died in a plane crash during a trade mission to Bosnia, told her that Hillary conceived of the scheme to sell trade mission seats. Brown complained of being “Hillary’s blankety-blank tour guide.”
She goes back to the old tricks that worked before time and again and all the while Clinton supporters cry,”There’s no proof” as thought the absence of proof in a very sophisticated criminal conspiracy is evidence that there was no conspiracy.
God, these people are the dregs if our political system and will bring this country down without any qualms if it suits their purpose and fills their purses.
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