Moonage Political Webdream

Here’s what Hillary Clinton said:

“A Chinese company bought Magnequench,” she said in a speech in Pittsburgh on April 14. “The people of Indiana, the company and the elected officials begged the Bush administration to block the Chinese company from moving the jobs to China…. Not only did the jobs go to China, but so did the intellectual property and the technological know-how to make those magnets…. I’m not comfortable with the fact that we now have to buy magnets for our bombs from China.”

Now, MSNBC has been no fan of Hillary’s.  I don’t think I’ve seen them dig terribly deep into anything Obama’s claimed.  But, they did a good job of presenting the facts behind this situation.  Mainly, Magnequench was already internationaly controlled.  Their resources came FROM China, the patent from Japan.  So, what was happening was they were importing the resources from China to Indiana to build at much higher wages.  The owners, George Soros being one, were losing money and closed the plant.  Nothing was lost.  The intellectual property was already in China’s possession and has been for a decade.  In fact, it fell into China’s hands in 1995.  Wanna guess who was in charge in 1995?  What made it possible for the Chinese to completely own Magnequench was this event in 2000:

By establishing normal trade relations with China, Bill Clinton made it possible for China to own companies that supplied military parts, along with those intellectual rights, to the the US Military.  At that point, Magnequench in Indiana became completely useless.  A LOT of people, including me, opposed the situation of allowing a military antagonist to the US that much access to our military secrets.

Digressing, Magnequench isn’t a threat to our national security because we have the ability to develop our own in California if need be.  Given the rise of technology associated with hybrid cars, they are now making similar magnets and such.  So, it’s not a crisis.  But, it could have been.  The free market usurped the dangers imposed by Hillary and Bill Clinton.

Now, eight years later, Hillary wants everyone to forget that she was right there with Bill when he signed normal trade relations with China and allowed military technology to be shipped to China, and allowed China unfettered access to ours.  Now, she wants to blame Bush for being compelled, by law, both nationally and internationally, thanks to her husband, for what did not actually happen in Indiana.

That, in a nutshell, is why Hillary Clinton should never be allowed to be President.

Technorati Tags: 2000, bill clinton, china, hillary clinton, Indiana, japan, magnequench, magnet, military, normal trade relations

Tags: 2000, bill clinton, china, hillary clinton, Indiana, japan, magnequench, magnet, military, normal trade relations

No Comments »

Trackback This Post | Subscribe to the comments through RSS Feed