Posted on 10/08/2019 4:00:00 PM PDT by jazusamo
Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.
It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement in 2012 giving China control of America’s second-largest container port behind the nearby Port of Los Angeles. One of the Trump administration’s first big moves was to get the Communists out of the Port of Long Beach. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called Macquarie Infrastructure Partners. That essentially kills China’s decades-long contract with the Obama administration.
The deal never should have been signed in the first place considering the facility’s size, significance and the national security issues associated with a hostile foreign government controlling it. The southern California port is the premier U.S. gateway for trans-Pacific trade, according to its website, and handles trade valued at more than $194 billion annually. It is one of the few ports that can accommodate the world’s largest vessels and serves 140 shipping lines with connections to 217 seaports around the world. The facility encompasses 3,200 acres with 31 miles of waterfront, 10 piers, 62 berths and 68 post-Panamax gantry cranes. In 2018, the Long Beach port handled more than 8 million container units, achieving the busiest year in its history.
Removing Chinese Communists from this essential port is a tremendous feat and a huge victory for U.S. national security. You’d never know it because the media, consumed with the impeachment debacle, has ignored this important achievement. The only coverage of the finalized transfer is found in Long Beach’s local newspaper, which published a brief article omitting important background information on the Trump administration’s work to take back the terminal from the Communists. The story makes it seem like a regular business transaction in which “a Chinese state-owned company, reached a deal to sell the terminal, one of the busiest in the port, for $1.78 billion.” The piece also quotes the Port of Long Beach’s deputy executive director saying that the transaction process was intricate and involved one of “our most valuable port assets.” Buried at the bottom of the article is a sentence mentioning that the U.S. government, which regulates mergers for antitrust and security reasons, stepped in and required COSCO to sell its rights to the container terminal.
In the last few years China has bought cargo ports throughout the world, including in Latin America, the Indian Ocean and Mediterranean Sea. Chinese-owned ports are located in Greece, Italy, Spain and other European locations. In sub-Saharan Africa there are dozens of existing or planned port projects funded or operated by China, according to a study that highlights the threat the Chinese investments present to U.S. influence in the region. One troubling analysis points out that “COSCO’s commercial expansion has created leverage for Beijing — leverage that has already resulted in countries that host COSCO ports adopting China’s position on key international issues.”
Obama would love to help them.
All the Democrats would love to, such is their hatred of the USA.
Democrats consider America to be an evil, racist, nazi nation that should be destroyed--and degraded--and dishonored, such is their hatred of America.
That’s the second reference I’ve seen today about the US quitting the IPU. I think that your information is outdated.
I believe I read last week that the US won some case that oversees the IPU issues and will now be allowed to set its own postage rates, and that we’re no longer leaving.
In about a year we will no longer give China such favorable postage rates, unless I’m remembering incorrectly (I could be wrong about this).
I thought it went further back than 0bama but I’ve been long gone from SoCal.
Do you have any more info on this RQSR?
AWESOME NEWS!!!
Trump you magnificent bastard!!!
SO NOT TIRED OF WINNING!!!!
Piss off libtards!!!!
MAGA ON!!!!!!
From what I read here it seems to cover everything except the year long fight we all had with our government at the time to not sell out to the Communists. There were petitions. There was a lot of local organizing against allowing the Chinese to infiltrate our harbor, our atmosphere.
There was too much money for the politicians to really even try to pay any attention to what the little people wanted. They played their usual lip service. We lost, and they won.
I’m very pleased to see the Chinese out, and a true ally in if we can’t muster the funding to make it an American owned entity.
Obama screwed us every chance he got. This bastard needs to be HUNG by the neck until dead
well, they’re doing it extremely well
good for exporting excess males and for smuggling...
Wow, just two well placed ___________ could rid the US of a ton of future problems.
Well, there is baseball, which involves stealing bases...
Thank you, Lord, again, for PDJT.
I remember when this abomination agreement was made, by 0Commie, the anti-American.
We were all livid, here.
Praises that this was shatcanned, by Trump.
I seem to remember Michael Savidge railing against this a long time ago. Di Fi was for something like this.
Thank you, my FRiend. I knew you’d be more familiar with the whole thing.
It’s great the Chinese are out.
President Clinton Cedes Long Beach Naval Base to Cosco, a Company Owned by China's Communist Government
LINK
Congressman Cunningham Provides Evidence of the Chinese Government's Threats to Attack Los Angeles, Bribes to the DNC, and Hillary Clinton's Fund Raising from Chinese Officials
LINK
President Clinton Cedes Long Beach Naval Base to Cosco, a Company Owned by China's Communist Government
LINK
Congressman Cunningham Provides Evidence of the Chinese Government's Threats to Attack Los Angeles, Bribes to the DNC, and Hillary Clinton's Fund Raising from Chinese Officials
LINK
LOL!
Thanks, D1. Have started watching Rep. Duke Cunningham already, he’s doing a bang up job.
Will watch the rest of this and the second one.
I hope we are not done with pursuing Greenland. My understanding is that the Chinese were trying to build an airport or Landing strips there. I’d be willing to bet this is still going on behind the scenes even though President Trump is not talking about it. It would make a pretty awesome October surprise. I’ll take it this October or next October I don’t care which one.
Great. Just be sure you note the date those clips were from.
Take care. Thanks.
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