Heartland Signal: “McCormick Invested Millions in Chinese Weapons Manufacturers, Despite […] Constantly Warning About the National Security Threat That the Asian Superpower Poses”
Pod Save America Host Dan Pfeiffer: “Billionaire Connecticut Resident and Chinese Military Profiteer is Not an Ideal Profile for a Pennsylvania Senate Candidate”
PENNSYLVANIA — Connecticut mega-millionaire and Wall Street hedge fund CEO David McCormick is coming under fire for overseeing massive investments in Chinese military companies that produce stealth bombers, aircraft carriers, and ballistic missiles.
What They’re Saying:
- Republican U.S. Senate candidate Dave McCormick led a hedge fund that invested millions in Chinese companies that produced military equipment.
- While McCormick was CEO or co-CEO of Bridgewater Associates, the hedge fund held more than $200 million in stock in at least 20 Chinese companies that were later sanctioned by the United States for being part of China’s military industrial complex, Bloomberg Government reported Friday.
- “‘US Senate candidate DAVE McCORMICK led Bridgewater Associates as the hedge fund steered millions of dollars of investments into Chinese companies that produce fighter jets, bombers, planes equipped to jam enemy radars, and the country’s first domestically built aircraft carrier,’ Bloomberg Government’s Jonathan Tamari reports this morning.”
- Pennsylvania Senate candidate Dave McCormick invested millions in Chinese weapons manufacturers, despite the former hedge fund CEO constantly warning about the national security threat that the Asian superpower poses.
- According to a report from Bloomberg Government, McCormick directed millions of dollars to Chinese companies while he was the CEO of the Bridgewater Associates hedge fund. These companies were later sanctioned by both former President Donald Trump and President Joe Biden due to the invasive nature of the surveillance technology being developed. These sanctions barred Americans from publicly trading in stocks for these companies.
Dan Pfeiffer, Pod Save America
- “Billionaire Connecticut resident and Chinese military profiteer is not an ideal profile for a Pennsylvania Senate candidate”
Matt Blumenthal, Connecticut State Representative
- “Wow, CT resident and PA senate candidate Dave McCormick invested in companies that make *Chinese* fighter jets and ships? Why would he do that? We build jets, helicopters, and subs for the U.S. military right here in his home state of CT!”
J.J. Abbott, Political Strategist
- “PRETTY GLARING to see McCormick admit here that his morality and patriotism are fungible depending on how much money his benefactors want to make.”
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