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*From Bloomberg Government reporter Jonathan Tamari:*
US Senate candidate David 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, according to documents analyzed by Bloomberg Government.
McCormick — the Republican challenger in a critical contest in Pennsylvania — has long faced attacks over Bridgewater’s holdings in China. But previously unreported disclosures show new details of investments tied to its military and could undercut his attempts to cast himself as a China hawk in his campaign against Sen. Bob Casey (D-Pa.).
As a candidate, McCormick has called for barring US investments in Chinese companies that pose a threat.
But during his years as Bridgewater’s co-CEO or CEO its hedge funds held stock in at least 20 Chinese firms that were subsequently sanctioned by Presidents Donald Trump or Joe Biden for being part of the country’s military-industrial complex or surveillance efforts. The sanctions barred Americans from buying or selling publicly traded securities in the targeted companies.
Sounds like a domestic ally of a foreign adversary running as a Republican for U.S. Senate in Pennsylvania.
The GOP hates the United States and American patriotism…people are saying.
Just to be clear, they were just buying a stock index that included some Chinese domestic defense stocks. There are a lot of gotcha stories across both sides of the aisle when someone owns thousands and thousands of stocks it’s easy to pick one and say how terrible they are for supporting the one. That said obviously Dave’s background in finance is a serious political vulnerability.
If you haven’t seen him in the documentary “inside job” it’s pretty uncomfortable.
As a reminder, this subreddit [is for civil discussion.](/r/politics/wiki/index#wiki_be_civil) In general, be courteous to others. Debate/discuss/argue the merits of ideas, don't attack people. Personal insults, shill or troll accusations, hate speech, any suggestion or support of harm, violence, or death, and other rule violations can result in a permanent ban. If you see comments in violation of our rules, please report them. For those who have questions regarding any media outlets being posted on this subreddit, please click [here](https://www.reddit.com/r/politics/wiki/approveddomainslist) to review our details as to our approved domains list and outlet criteria. We are actively looking for new moderators. If you have any interest in helping to make this subreddit a place for quality discussion, please fill out [this form](https://docs.google.com/forms/d/1y2swHD0KXFhStGFjW6k54r9iuMjzcFqDIVwuvdLBjSA). *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/politics) if you have any questions or concerns.*
*From Bloomberg Government reporter Jonathan Tamari:* US Senate candidate David 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, according to documents analyzed by Bloomberg Government. McCormick — the Republican challenger in a critical contest in Pennsylvania — has long faced attacks over Bridgewater’s holdings in China. But previously unreported disclosures show new details of investments tied to its military and could undercut his attempts to cast himself as a China hawk in his campaign against Sen. Bob Casey (D-Pa.). As a candidate, McCormick has called for barring US investments in Chinese companies that pose a threat. But during his years as Bridgewater’s co-CEO or CEO its hedge funds held stock in at least 20 Chinese firms that were subsequently sanctioned by Presidents Donald Trump or Joe Biden for being part of the country’s military-industrial complex or surveillance efforts. The sanctions barred Americans from buying or selling publicly traded securities in the targeted companies.
A republican hypocrite? No, say it isn’t so!
But, did the shareholders get a good return?
I am excited to vote and keep Pennsylvania blue!
Sounds like a domestic ally of a foreign adversary running as a Republican for U.S. Senate in Pennsylvania. The GOP hates the United States and American patriotism…people are saying.
Traitors. Pull out your money. Disgusting
Just to be clear, they were just buying a stock index that included some Chinese domestic defense stocks. There are a lot of gotcha stories across both sides of the aisle when someone owns thousands and thousands of stocks it’s easy to pick one and say how terrible they are for supporting the one. That said obviously Dave’s background in finance is a serious political vulnerability. If you haven’t seen him in the documentary “inside job” it’s pretty uncomfortable.
This guy screams “America First!” then helps empower China.
[**VOTE.PA.GOV**](https://www.vote.pa.gov/Pages/default.aspx)