SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Did Slick Boink Monica? -- Ignore unavailable to you. Want to Upgrade?


To: Dan B. who wrote (13503)4/14/1998 8:57:00 AM
From: Zoltan!  Respond to of 20981
 
Clinton sold out the US for campaign cash, one of many transactions:

WSJ April 14, 1998

China Syndrome

President Clinton approved the transfer of missile guidance
technology to China at the behest of the largest personal contributor to the
Democratic Party. He granted the needed waiver despite an ongoing
Department of Justice criminal investigation of the same company's earlier
transfer of similar technology: a Pentagon study concluding that in the earlier
episode "United States national security has been harmed."

That is the essence of a report yesterday by Jeff Gerth of the New York
Times (who also reported the original Whitewater story in 1992) concerning
satellite launch technology provided by Loral Space and Communications
and Hughes Electronics, a subsidiary of General Motors. Loral Chairman
Bernard L. Schwartz topped the personal contributions list in 1997; his
1994 trip to China with Commerce Secretary Ron Brown was quickly
followed by a memo to the President from Harold Ickes saying Mr.
Schwartz "is prepared to do anything he can for the Administration."
Lobbying jointly with Hughes Chairman C. Michael Armstrong, who has
gone on to head AT&T, Mr. Schwartz succeeded in softening licensing
requirements for export of guidance technology to China.

At one level, this is another round in ongoing disputes over technology
exports. In the commercial space satellite business, Loral and Hughes want
to use low-cost Chinese launch capability, and of course want the launches
to succeed. But the technology they have provided for this purpose will help
make military missiles more accurate. The usual arguments revolve around
the military importance of the technology, the size of the commercial
interests and, probably most significant, whether the same technology is
available elsewhere. Within the government, there are nearly always
legitimate arguments on both sides of such issues.

Expectations that a President will resolve such issues on the merits, though,
have been deeply muddied by the ongoing controversy over the Clinton
contributions scandal and Chinese money. The Justice Department is
reportedly upset that Mr. Clinton's waiver decision undermined its criminal
probe. Perhaps, but this is the same Justice Department that has repeatedly
refused to appoint an independent counsel to investigate the Chinese
connection. The Gerth story is only the latest reminder that the time for an
independent counsel is long past. After all, consider the record:

Senator Fred Thompson's Governmental Affairs Committee has been in a
running controversy over illicit Chinese political contributions. In March it
voted out a report identifying six individuals in the campaign finance mess
with ties to Beijing--Charlie Trie, John Huang, James and Mochtar Riady,
Maria Hsia and Ted Sioeng. The Riadys "had a long-term relationship with
a Chinese intelligence agency," the report noted. Ms. Hsia, the central figure
in Al Gore's Hsi Lai Temple fund-raiser, was identified as an "agent of the
Chinese government."

The Justice Department campaign finance probe has secured indictments of
Mr. Trie and Ms. Hsia, and a plea agreement with Democratic Party
fund-raiser Johnny Chung on various schemes to funnel money into the
1996 campaign. But these are low-level actions, and there is no sign that
they will move the inquiry up the food chain in either Washington or Beijing.

In February 1996, Mr. Trie played White House escort for Wang Jun, head
of China's main overseas investment operation, Citic (China International
Trust & Investment Corp.). Mr. Wang is also president of China Poly
Group Corp., an arms-trading company owned by the People's Liberation
Army and connected to military research and development including
strategic missile programs.

More than $1 million of the money Mr. Trie funneled into the Clinton
campaign came from mysterious Macau entrepreneur Ng Lap Seng. Mr.
Ng, our Micah Morrison reported in March, runs a Macau nightclub
frequented by officers of the PLA, as well as the Wo On Lok triad crime
syndicate. In January, Mr. Ng was rewarded by Beijing with an
appointment to the Chinese People's Consultative Conference in the capital;
two other Macau figures who have visited with President Clinton, casino
magnate Stanley Ho and Macau legislator Chen Kai-kit, received the same
honor.

Ted Sioeng, another campaign contributor named in the Thompson report,
turned up back in Asia in the company of Cambodian tycoon Theng
Bunma, who has been barred from entering the United States because of
drug trafficking. And then there is John Huang, the former Riady employee
with a high-level security clearance who spent 18 months reading raw
intelligence data while working as a Commerce Department official and then
transferred to the Democratic National Committee after a meeting with the
President and others on September 13, 1995.

In all of these contacts, Mr. Clinton was interested in campaign
contributions; the question is what the other side wanted. The significance of
the Gerth report is that it may have not been merely face-time or intelligence
on commercial negotiations; national security issues were also in play. If the
Justice Department is really alarmed by the President undercutting an
investigation, it's time for Attorney General Janet Reno to do the right thing
in chartering an independent counsel to take over the whole contributions
issue.
interactive.wsj.com

It's nice to know that the Chinese will soon be targeting American cities with nuclear missles, courtesy of "the most ethical Administration in history". Gee, with all his illegal offshore cash you'd think Clinton could have bought himself at least a majority, but no, he's relegated to status as the only two term minority President in US history.