MyDD :: ABC Evening News Exposes Hillary's Hypocrisy on Trade/Jobs

ABC Evening News Exposes Hillary's Hypocrisy on Trade/Jobs

by Lefty Coaster, Wed Apr 30, 2008 at 09:35:31 PM EST

This blistering report from tonight's ABC Evening News completely undercuts Hillary's hypocrisy on trade and exporting American jobs.

Hoosier Responsible?

"We went to Valparaiso," Clinton told voters in Princeton, Ind., last night, "where there used to be a plant called Magnequench that made the magnets that helped to guide the precision-guided missiles, the so-called smart bombs. You've seen those -- they take off, they go down the chimney, they were incredibly sophisticated and these magnets, you know -- not the kind you put on the refrigerator, like we all do -- but these really sophisticated magnets were instrumental making that happen."

Clinton continued, saying, "Well, a Chinese company bought Magnequench and then they decided that they were going to move the whole company from Indiana to China. Now the president of the United States has the authority to veto that kind of a move, but Senator [Evan] Bayh begged the Bush administration not to export it -- it was going to lose jobs but it was also going to lose the know-how, the technical sophistication that created those magnets. President Bush and his administration wouldn't, basically wouldn't even give Evan Bayh the time of day. Those jobs left, and along with them went the savvy to make the magnets."

What Clinton doesn't tell voters is that Magnequench was originally sold to Chinese interests during her husband's administration, which okayed the move despite concerns about national security and eventual job loss. Experts say the Chinese acquired the "technical sophistication" that created the magnets long before George W. Bush took office.

In the ABC Report Hillary is caught lying about how the Magnequench jobs left Indiana. This has just eclipsed Obama's bitter remarks among blue collar Americans (I'm proud to be blue collar).

I expect it's already going viral on UTube

Tags: Hillary Clinton, Valparaiso Indiana, Free Trade, Exporting Jobs, Magnequench (all tags)

Permalink :: 16 Comments :: Post a Comment

Did she... (none / 0)

tell the Canadian ambassador that her positions were just for show?

Fight for Democrats in Congress.

by owl06 on Wed Apr 30, 2008 at 09:44:18 PM EST

Re: Did she... (2.00 / 1)

Apparently.

John McCain on social security.

by heresjohnny on Wed Apr 30, 2008 at 09:50:47 PM EST
[ Parent ]

This will hurt Hillary in Indiana and N.C. (none / 0)

and talk about the Canadian ambassador isn't going to distract anyone.

Just watch the ABC video of Hillary telling lie after lie.

It's time to restore balance and fairness to our economy,... It's time to stop giving tax cuts to corporations that ship jobs overseas... - Barack Obama

by Lefty Coaster on Wed Apr 30, 2008 at 09:59:06 PM EST
[ Parent ]

Re: This will hurt Hillary in Indiana and N.C. (none / 0)

I'm sure ABCnews and the entire media wants to destroy both the Democratic party candidates before the November Election...

If you keep on listening and watching them you'll end up all confused and may decide not to vote at all...

Just read facts people!

by SHIBAM8P on Wed Apr 30, 2008 at 10:22:04 PM EST
[ Parent ]

Re: This will hurt Hillary in Indiana and N.C. (2.00 / 1)

ABC News didn't make Hillary tell those lies.

It's time to restore balance and fairness to our economy,... It's time to stop giving tax cuts to corporations that ship jobs overseas... - Barack Obama

by Lefty Coaster on Wed Apr 30, 2008 at 10:26:41 PM EST
[ Parent ]

Get REAL , a little intellectual honesty (none / 0)

Why on earth would a first term senator feel the need to reassure the Canadian Goverment as to his feelings on TRADE. Why would they even care what Canada think during a Presidential Primary? What possible benifit would be gained?

The fact is the premise NEVER MADE SENSE. Did I mention an apology from the Canandian Palirment! You are suppose to be informed, I expect better. I dont think either of them felt the need to retract statments, the only people with a plausible interest would have to have long standing established interest and thats certianly not Obama.

Hillary got caught up in Bills CRAP, its not the first time and it probally wont be the last. We can at least be honest about that. Hillary needs to be more careful in the future thats for sure. Her campaign people are slacking seriously.

by edtastic on Wed Apr 30, 2008 at 11:24:54 PM EST
[ Parent ]

Re: ABC News Exposes Hillary's Hypocrisy on Trade/ (2.00 / 1)

http://facts.hillaryhub.com/archive/?id= 7399

Fact Check: Magnaquench

4/30/2008 4:28:46 PM

Today, McClatchy published an article with the headline "Clinton blasts Bush for not stopping a project Bill OK'd," implying that the Clinton administration approved the move of a Indiana factory to China. In fact, the Clinton administration specifically prohibited the company, Magnaquench, from moving Indiana jobs overseas.

In 1995, Magnaquench was purchased by a consortium of investors that included two Chinese investors. At the time, the purchase was reviewed by the Committee on Foreign Investment in the United States (CFIUS), and was approved on the condition that the production and the technology to produce neo-magnets would stay in the U.S.

In 2003, the Magnaquench investors announced their intention to move the production facility in Valpariaso, Indiana to China. Senator Bayh and numerous others in Congress raised concerns that the move violated the initial terms of the deal, and introduced new national security problems. They pleaded with President Bush to review and halt the deal. President Bush refused, and the jobs and production were moved to China.

Details in the link.

"Life is too short, time is too precious, and the stakes are too high to dwell on what might have been." Hillary Rodham Clinton - June 7, 2008

by twinmom on Wed Apr 30, 2008 at 09:47:40 PM EST

Re: ABC News Exposes Hillary's Hypocrisy on Trade/ (2.00 / 1)

WRONG!

Clinton's agreement let the Chinese move Magnaquench begining in 2005. They just jumped the gun.

It's time to restore balance and fairness to our economy,... It's time to stop giving tax cuts to corporations that ship jobs overseas... - Barack Obama

by Lefty Coaster on Wed Apr 30, 2008 at 10:02:09 PM EST
[ Parent ]

Please delete (2.00 / 0)

Bill Clinton approved the sale on teh condition that the relevant factory not be moved. Bush allowed them to circumvent that agreement.

99% perspiration

by DaveOinSF on Wed Apr 30, 2008 at 09:54:24 PM EST

Re: Please delete (none / 0)

But Bill Clinton didn't get that in writing. Why? And has the company donated to his library or foundation?

We care about politics because we know politics matters for people's lives and opportunities.

by politicsmatters on Wed Apr 30, 2008 at 09:55:56 PM EST
[ Parent ]

No I'm not going to Delete this important issue (1.00 / 0)

Take your weak attempt to suppress this story and shove it.

It's time to restore balance and fairness to our economy,... It's time to stop giving tax cuts to corporations that ship jobs overseas... - Barack Obama

by Lefty Coaster on Wed Apr 30, 2008 at 10:09:59 PM EST
[ Parent ]

Re: ABC News (2.00 / 1)

You have read and heard the Republican position.
Now read the facts:

"Today, McClatchy published an article with the headline "Clinton blasts Bush for not stopping a project Bill OK'd," implying that the Clinton administration approved the move of a Indiana factory to China. In fact, the Clinton administration specifically prohibited the company, Magnaquench, from moving Indiana jobs overseas.

More details: http://facts.hillaryhub.com/archive/?id= 7399

by SHIBAM8P on Wed Apr 30, 2008 at 10:00:54 PM EST

Re: ABC News (2.00 / 1)

Someone else beat you to this thread with Hillary's cut and paste spam.

It's time to restore balance and fairness to our economy,... It's time to stop giving tax cuts to corporations that ship jobs overseas... - Barack Obama

by Lefty Coaster on Wed Apr 30, 2008 at 10:17:16 PM EST
[ Parent ]

Re: ABC News (2.00 / 0)

Well, the more the merrier; there was only 1 comment when I started; I was few minutes late...
slow typist :=)

by SHIBAM8P on Wed Apr 30, 2008 at 10:29:37 PM EST
[ Parent ]

That's really weird (none / 0)

because last week, I could swear that I heard that ABC was in the bag for Clinton.

I wonder what happened?!?

Did they change their minds?