McCormick Has A Disastrous Record Of Investing In China, Lying About Where He Lives, And Killing Jobs
PENNSYLVANIA — Since launching his campaign for Senate, Connecticut hedge fund executive David McCormick has proven that Pennsylvanians can’t trust him to be for them, from lying about where he lives, to his record of bolstering the Chinese military and investing in China’s largest fentanyl producer, to supporting an abortion ban with no exceptions for rape or incest.
Here’s what you need to know about David McCormick 100 days out from the Pennsylvania Senate election.
What to Know About David McCormick:
David McCormick is a Connecituct hedge fund executive who lied about where he lives and the details of his life.
- AP: David McCormick is lying about living in Pennsylvania.
- “‘I live in Pennsylvania,’ McCormick said” […] “In reality, he’s living in a $16 million mansion in Westport on Connecticut’s “Gold Coast.”
- “‘I live in Pennsylvania,’ McCormick said” […] “In reality, he’s living in a $16 million mansion in Westport on Connecticut’s “Gold Coast.”
- McCormick has been chartering private planes from his multi-million dollar Connecticut mansion to his campaign events in Pennsylvania.
- McCormick claimed he was raised on a farm, but the truth is he was raised in a mansion while his family raised Arabian horses on a nearby farm.
McCormick invested in China’s largest fentanyl producer while fentanyl devastates Pennsylvania communities.
- McCormick also invested nearly $1.7 million in the biggest fentanyl producer in China, as CEO of Bridgewater Associates.
- China is the source of the vast majority of the fentanyl that Mexican drug cartels traffic into the U.S.
- The same year McCormick made these investments, fentanyl killed more than 4,000 Pennsylvanians and fentanyl seizures in Pennsylvania increased by 346%.
David McCormick supports an abortion ban with no exceptions for rape or incest.
- When asked directly in a 2022 debate whether he believed there should be exceptions for abortion in the cases of rape, incest, or life of the mother, McCormick responded only “in the very rare instances there should be exceptions for the life of the mother.”
- Before the Dobbs decision leaked, McCormick said he would be a “stalwart opponent of abortion.”
- McCormick repeatedly praised the leaked Supreme Court opinion draft overturning Roe as a “huge victory” and “huge step forward.”
David McCormick helped grow China’s military.
- As CEO of the world’s largest hedge fund, David McCormick invested millions in blacklisted Chinese military companies that produced stealth bombers, fighter jets, and aircraft.
- As CEO of Bridgewater, McCormick also increased investments in China by 108,000%, including in blacklisted Chinese companies with ties to the Chinese military.
David McCormick has a long record of killing and outsourcing American jobs.
- David McCormick eliminated hundreds of jobs in Pittsburgh. As the CEO of FreeMarkets, McCormick pursued a merger that led to 250 layoffs in Pittsburgh.
- David McCormick got rich by outsourcing jobs to China and India while laying off workers in Pennsylvania.
Read More About David McCormick:
- Associated Press: David McCormick is gearing up for a Senate run in Pennsylvania. But he lives in Connecticut
- New York Times: This G.O.P. Senate Candidate Says He Grew Up on a Family Farm. Not Exactly.
- Vanity Fair: David McCormick Says He Lives in Pennsylvania. Flight Records Appear to Tell a Different Story
- Bloomberg: GOP’s McCormick led Bridgewater during China military investment
- WHYY: David McCormick claims he created ‘hundreds of jobs’ in Pennsylvania. Records suggest otherwise
- Keystone Newsroom: Dave McCormick invested in Chinese fentanyl before wanting to ban it during campaign
- HuffPost: Pennsylvania Republican profited from China trade policies he helped shape
- HuffPost: GOP Senate Recruits Back The Same Extreme Abortion Positions That Cost The Party In 2022
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