Bedfellows in Washington, D.C., can be a pretty tight knit game of conflicts of interest, especially when the person sleeping next to a lawmaker just happens to have business interests in a political and economic rival.
It’s even more eye opening when the roommate is a member of the current president’s cabinet (and was also a member during a previous administration).
Say hello to Senator and Mrs. Mitch McConnell. He’s the Senate Majority Leader, and she, Elaine Chao, is the Secretary of Transportation. And Mrs. Senate Majority Leader still has lots of financial ties to her family’s ancestral China which is financially benefiting the couple in ways most Americans can only dream about.
Peter Schweizer, president of the Government Accountability Institute and senior contributor at Breitbart News, warned of Senate Majority Leader Mitch McConnell’s (R-KY) financial ties to China in a Monday interview on SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host Dylan Gwinn….
“The Chao family are deeply embedded commercially and financially with the Chinese government,” explained Schweizer. “The Chinese government essentially set them up in the shipping business. Their ships — these are large cargo ships that transport a large amount of goods around the Pacific.”
Schweizer added, “The Chinese government is financing the building of these ships for the Chao family business. They provide crews for these chips, and they provide contracts to ship steel and other products around the Pacific.”
The Foremost Group is a shipping business founded by James Chao, Elaine Chao’s father. The Chao family business primarily revolves around China, necessitating “deep ties to the economic and political elite in China,” according to a Sunday-published New York Times report.
“[The Chao family’s shipping business] started out in the early 1990s with just a couple of vessels, a couple of large cargo ships,” said Schweizer. “They now have, by some estimates, 35 or 36, many of those built by the Chinese government. The estimates are that hundreds of millions of dollars in financing is done by the Chinese to build these ships, and that they give them preferential treatment.”
Schweizer explained, “Business in China is done with a political purpose. The China State Shipbuilding Corporation is controlled by the government, by the Communist Party, and they do business deals with people in the West with the expectation that they will get things in return.”
Oops. Under President Donald Trump we’re in an honest to God trade war with China and some of the beneficiaries of Chinese strategy are the Senate Majority Leader and the Transportation Secretary.
Whoops. Talk about a conflict of interest when it comes to who those two represent.
For more the Schweizer interview, please visit Breitbart.