A New Report Found McCormick Grew Investments in China by 108,000%, Including in Chinese Companies Blacklisted by the U.S. Government
Sen. Bob Casey is Working Across the Aisle to Require Private Equity Firms to Make Public How Much They Invest in China
PENNSYLVANIA — A report from CNN is casting a new light on David McCormick’s long record of outsourcing American jobs and selling out to China.
The report, which found McCormick increased investments in China by 108,000% as CEO of Bridgewater, stands in stark contrast to Senator Bob Casey’s long record of standing up to China — including a recent push to require private equity firms to reveal how much they invest in China.
Here’s How David McCormick’s Disqualifying Record on China Stacks Up to Senator Bob Casey’s Long Record of Standing Up to China:
- David McCormick…increased investments in China by 108,000% as CEO of Bridgewater, including in companies blacklisted by the U.S. government.
- Bob Casey…has a new bipartisan bill that would crack down on private equity investments in China that could help bolster the Chinese Communist Party.
- David McCormick…managed billions of dollars for the Chinese government as CEO of Bridgewater, and earlier in his career cut jobs in Pittsburgh and opened a new office in China as CEO of FreeMarkets.
- Bob Casey…pushed for legislation which would stop tax breaks to companies moving jobs overseas and would extend tax credits to companies that reshored jobs from China and other countries.
- David McCormick…said that he was “blessed” by China and that “when China succeeds, the United States succeeds.”
- Bob Casey…increased funding for the U.S. military to counter Chinese threats in the Pacific.
- David McCormick…repeatedly criticized “Buy American” provisions and refused to say he supported Trump’s tariffs on China.
- Bob Casey…secured a “Buy American” provision in the Inflation Reduction Act incentivizing companies to use American steel, iron, and manufactured goods in more phases of the process to produce clean energy products.