Rightguide
Prof Triggernometry
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Trump Is Right. Mitch McConnell And Elaine Chao Spent Decades Getting ‘Rich On China’
BY: JORDAN BOYDAUGUST 24, 2022
McConnell still expresses some support for curbing China’s ascent, but whether his concern is sincere or political is difficult to say.
Not only do McConnell and Chao’s family members financially benefit from doing business with communist China, but so have McConnell and Chao. The political duo may not have a formal stake in the Chao shipping empire, but they have certainly amassed wealth from the business.
The biggest evidence for this came in 2008. Just one year after James Chao joined CSSC Holdings, in addition to running Foremost, McConnell received a “gift” of $5 to $25 million from his father-in-law. As Politico reported, that payment significantly bumped McConnell’s net worth, which was measured at around $3.1 million in 2004, to between $9.2 million and $36.5 million in 2014.
Several members of Chao’s family, including Angela and James, also contributed more than $1 million to McConnell’s re-election campaigns. In other words, the founder of an unofficial arm of our top adversary’s navy is helping keep McConnell in U.S. leadership. According to Schweizer, these kinds of payments could have been money designed to keep a favorable relationship between McConnell and the Chao family.
“Foreign governments and oligarchs like this form of corruption because it gives them private and unfettered gateways to the corridors of Washington power,” Schweizer wrote in his book “Empires.” “Foreign entities cannot legally make campaign contributions, so using this approach creates an alternative way to curry favor and influence America’s political leaders. Simply camouflaging these transactions as business agreements provides another shield of plausible deniability.”
More here: https://thefederalist.com/2022/08/2...ine-chao-spent-decades-getting-rich-on-china/
Here we have the GOP Senate majority Leader in bed with the CCP.
