According to a report from Reuters, Republican elected officials are rolling out legislation this week to prevent Americans from investing in foreign defense companies that have connections to China’s military.
This is the latest proposal that lawmakers have introduced to keep Chinese firms from receiving American funding.
Congressmen Mike Gallagher, Jim Banks and Doug LaMalfa are introducing this bill, which would have Treasury Secretary Steve Mnuchin submit a report to Congress detailing which foreign defense companies have “substantial contracts with, ties to, or support from” the Chinese military.
Six months after the report is released, American companies and citizens must divest from those firms and would then be prohibited from making new investments in them.
“On one hand, Congress is asking taxpayers to help grow our military so we can compete with China. On the other hand, large U.S. investment funds are dumping U.S. dollars into China’s military industrial base,” Banks declared in a statement. “We need to end our cognitive dissonance and stop funding the rise of our chief global adversary.”
This move comes at a time when U.S. relations with China have become testy due to China’s lack of transparency with regards to the Wuhan virus outbreak. Other issues such as Beijing’s decision to put the clamps on Hong Kong’s independence and its controversial internment policies directed towards Uighur Muslims.
On June 6, 2020. President Donald Trump said his administration will look into ways of protecting Americans from the dangers of investing in Chinese companies. It plans on doing so by dialing up pressure on the companies to comply with U.S. accounting and disclosure standards.
Thanks to President Donald Trump’s focus on China during the campaign trail and throughout his presidency, Republicans are waking up to the existential threat that it poses. China is resoundingly authoritarian and has ambitions of global domination.
Policymakers must recognize that China is not a normal trading partner. It’s a geopolitical threat and it should not be coddled through free trade and its citizens should not be allowed to enter the U.S. at will.
The American Right Should Beware of Campaign Consultant Grifters
Some people want to make a quick buck with zero results to show for it.
Heading into 2022 and 2024, America First operatives should be careful dealing with campaigns run by grifters.
Patrick Clerbune of VDARE put out an informative post that serves as a warning to all about the rampant corruption within Republican political consultant outfits.
He highlighted a Washington Post piece detailing how donors gave more than $8 million to Kim Klacik, a black woman running as a Republican candidate in Maryland’s 7th district. In reality, the money donated to Klacik’s campaign went straight to the fat pockets of political consultants who knew full well that she couldn’t win.
The Post went into further detail about this naked grifting opportunity:
Her campaign is an example of how some consulting firms are profiting handsomely from Republican candidates who have robust appeal in today’s politically charged environment…
By the end of Klacik’s campaign, she would raise a staggering $8.3 million and pay nearly $3.7 million of it to Olympic Media, according to campaign finance filings.
For political veterans, this is nothing new under the sun. Political consultant parasites such as Karl Rove are notorious for enriching themselves by running failed campaigns and diverting resources from actual winnable races. Rove was also involved in the Georgia Senate dumpster fire, where the GOP dropped a whopping $1 billion and still ended up losing both seats.
Pointing out how the managerial state is detrimental to all Americans, especially minorities, is one thing. But using failed ethnic pandering and running campaigns in districts that can never be won by Republicans is another.
In the aforementioned case, Maryland’s 7th district has never gone Republican in its history and was the long-time home of Elijah Cummings from 1996 until his death in 2019. Democrat challenger Kweisi Mfume completely obliterated Klacik 74 to 25 in the 2020 general election.
Intelligent nationalists would be wise to recognize that certain races are lost causes, which drain resources that could otherwise be allocated towards winnable campaigns. A large degree of skepticism should always be directed towards the political consultant class. Their money-making model does not always translate into electoral success.
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