Exposing Hillary So She Won't Get Elected

On Campaign Trail, Hillary Moans About Sale Of Company To China, But She Could Have Stopped It As SOS

On the campaign trail, Hillary pronounces it “unfortunate” and a “serious problem.”

But when she was Secretary of State and could do something about the sale of Michigan high-tech battery plants to China, she was silent.

Last month, Hillary Clinton complained about the sale of A123 Systems – which received millions in taxpayer dollars – to Chinese investors, the Detroit Free Press is reporting.

“That does concern me, because a lot of foreign companies, particularly Chinese companies … are looking to buy American companies,” she said in response to an entrepreneur who mentioned A123’s sale while commenting that venture capital for new energy technology has largely fled overseas.

But the sale occurred while Clinton was secretary of state and she had the authority to at least review the sale, which she did not.

If Clinton had security concerns about Wanxiang gaining A123’s technology, she and the agency she led could have moved to investigate it, which, at least according to congressional researchers, typically leads to about half of all transactions being abandoned.

Several members of Congress, including both of Michigan’s U.S. Democratic senators and a bipartisan group of congressmen, urged such a review; as did the Strategic Materials Advisory Council, a group that noted that though Wanxiang had excluded A123’s defense contracts from its purchase, it was still obtaining “91 patents for sensitive military and space battery technology.”

“She is not being honest with the American people about her record in this critical area of national security and economic policy,” Republican National Committee Chairman Reince Priebus said, suggesting it may not be the last time the bankruptcy sale of A123 and its facilities in Livonia and Romulus come up in the GOP’s campaign against her.

But agency procedures reviewed by the Free Press and published in the Federal Register also indicate that the “Secretary … may at any time” fill that role, if he or she so chooses.

The campaign did not respond to a question as to why Clinton didn’t play a role in the deliberations, despite her noting as a presidential candidate in 2008, CFIUS’s role in “ensuring that technologies … critical to U.S. national security are not sold off and outsourced to foreign governments.”

In 2008, Clinton was critical of the Bush administration for not blocking foreign investors from moving jobs from a former General Motors-subsidiary in Indiana, which made magnets for bombs, to China, saying “not only did the jobs go to China but so did … the technological know-how.”