Hillary Again Hits Tale About Indiana Company Sold To China During Clinton Years
This is an interesting little scuffle.
On the campaign trail today, Hillary repeated a tale she often tells on the stump: It concerns an American company in Indiana that laid off all its workers after it was sold to the Chinese government.
Listen to Hillary tell the story...
The kicker of the tale, as told here by Hillary, is that President Bush could have stopped the move, but he didn't. "The President has the authority to veto that kind of a move," Hillary said today.
Today, however, McClatchy reported that the sale was approved by the Clinton administration. McClatchy quoted several Indiana residents griping about the Clinton administration's role in letting these jobs get away. It's the sort of tale that could have resonance among struggling working class voters in the state.
But the Hillary campaign responds that the sale was approved by the Clinton administration "on the condition that the production and the technology to produce neo-magnets would stay in the U.S."
The Hillary camp also argues that the investors behind the deal backed out of that promise in 2003, after Bill left office, and that President Bush didn't enforce the deal -- their point being that while it's true that the Clinton administration approved the deal, it's not responsible for the job loss that ensued.
Late Update: Jake Tapper has a nuanced look at this whole affair, including this:
A memo prepared for Bayh by the non-partisan Congressional Research Service earlier this year stated that the Clinton administration could have objected to the sale under CFIUS, but it did not, and that the consortium promised to keep those Anderson, Ind., jobs in the U.S. only until 2005.















This absolutely should become a campaign issue. It's completely fair.
April 30, 2008 4:51 PM | Reply | Permalink
Can Hillary's response really be taken at face value?
Tapper has more:
http://abcnews.go.com/Politics/Vote2008/story?id=4757257&page=1
April 30, 2008 4:52 PM | Reply | Permalink
Greg,
You really should read Tapper's report, it exposes the half-truths being pushed by the Clinton campaign in defense of her pushing this story.
April 30, 2008 5:24 PM | Reply | Permalink
I agree. Greg's really missing the main point of the story, and didn't even read the Congressional Research Report on this issue.
April 30, 2008 5:31 PM | Reply | Permalink
Gotta love the "we'll have more at 6:30" thing, too.
April 30, 2008 5:26 PM | Reply | Permalink
How dare Bush seal our deal!
April 30, 2008 4:54 PM | Reply | Permalink
So Bill Clinton did something that protected the "U.S. high-performance magnet industry" while tossing ordinary workers under the bus. Thanks for the clarification, Clintons.
April 30, 2008 4:54 PM | Reply | Permalink
In thrall to Big Magnet. We've discovered a new type of corporate shill.
April 30, 2008 4:58 PM | Reply | Permalink
I really wish someone would put out commercials on this and put an end to this bullshit bluecollar thing she's trying to get away with.
April 30, 2008 4:55 PM | Reply | Permalink
You might get better. It is the most recommended McClatchy story right now. Let the media run with it.
April 30, 2008 5:10 PM | Reply | Permalink
There was no such "condition." There was simply a "promise" to give them political cover. The Clinton folks were sophisticated enough at the time to know that such a promise means nothing in legal terms.
April 30, 2008 4:55 PM | Reply | Permalink
Precisely.
April 30, 2008 5:02 PM | Reply | Permalink
THANK YOU
April 30, 2008 4:56 PM | Reply | Permalink
Damn, dunno why that posted. Another day, another mysterious occurance with the TPM commenting software.
Ahem. As I was saying,
THANK YOU, Tuzla Tess, for choosing this time, and this place, to once again repeat a fuzzily truthy version of a tale intended to bolster your cred that is not exactly true.
Now, if you could just keep to schedule and do the mandatory crass attempt to try to keep Wrightgate II alive after the MSM has already declared it dead, along with the mandatory resulting voter revulsation (your O'Lielly, appearance was, close, Tess, but not quite in the window), we'll be ready to have an election.
April 30, 2008 5:01 PM | Reply | Permalink
And mysteriously some people (increasingly few, thank dog) still think she's the stronger candidate, despite her proven ability to unerringly shoot herself in the foot.
April 30, 2008 5:13 PM | Reply | Permalink
The voters will decide.
April 30, 2008 4:58 PM | Reply | Permalink
More Clintonian bullshit.
Anyone surprised?
April 30, 2008 4:58 PM | Reply | Permalink
I'm shocked to tears.
(of course I'm cutting onions as I type.)
April 30, 2008 5:00 PM | Reply | Permalink
This reminds me of her promise in 2000 to the people of upstate New York to create 200,000 new jobs if elected.
The result = a loss of 30,000 jobs.
The excuse: Gore lost the elcetion.
The problem with the excuse: She never qualified her pledge of 200,000 new jobs on Gore winning.
This is one of my big problems with Clinton; you can't trust a thing she says, ever.
April 30, 2008 4:59 PM | Reply | Permalink
Obama needs to string together this with the Colombia double talk, her various versions of NAFTA support/non-support, and slam the crap out of her with some factual but negative ads over the next 3-4 days. End this thing.
April 30, 2008 4:59 PM | Reply | Permalink
and lets not forget Bill's attempts to make a deal with the Saudi's on the ports.
May 1, 2008 12:05 AM | Reply | Permalink
As a lawyer, Clinton knows better. A promise is not enforceable. If they wanted to enforce the condition, they would have stipulated that the final agreement contain a COVENANT.
April 30, 2008 5:00 PM | Reply | Permalink
ABC reports that the Congressional Research Service said:
So it puts lie to the Clinton claim about the assurance that the jobs would be kept on the U.S. side. You should put this detail into the story, Greg.
http://abcnews.go.com/Politics/Vote2008/story?id=4757257&page=1
April 30, 2008 5:00 PM | Reply | Permalink
So she's a liar, everyone knows she's a liar, there is no doubt she is a liar.
I can't wait for this stupid primary to be over.
April 30, 2008 5:03 PM | Reply | Permalink
w does enforce any deals on free trade or outsourcing.
Its a free for all in corporate governing.
April 30, 2008 5:01 PM | Reply | Permalink
This really shows you blame a Dem President but give w a free pass.
That is patheic.
You are not really Dems are you?
You are gop trolls.
April 30, 2008 5:03 PM | Reply | Permalink
See flufferwink's post, she is a liar, always has been a liar, always will be a liar.
And you, a republican who gets his news from Fox News, have no business calling anyone on TPM a troll.
April 30, 2008 5:05 PM | Reply | Permalink
I didn't know that W was running for the Democratic nomination.
April 30, 2008 5:08 PM | Reply | Permalink
No, but Hillary is - same difference
May 1, 2008 12:08 AM | Reply | Permalink
Hillogic at its best. Thanks.
April 30, 2008 5:29 PM | Reply | Permalink
Oh, I'm not giving W a free pass. He had some hand in it obviously. But he's cashing the check that Bill wrote.
April 30, 2008 5:38 PM | Reply | Permalink
Imagine that, Hillary Clinton is lying on the campaign trail again.
I wish someone would just have the guts to say it. Hillary Clinton is a L-I-A-R.
April 30, 2008 5:08 PM | Reply | Permalink
You can't spell Hillary without the letters L I A R.
April 30, 2008 6:00 PM | Reply | Permalink
NAFTA/CAFTA/Colombia/Mark Penn/Bill Clinton.
Jeez, How could a candidate, with such a conflict of interests, could lie so brazenly and not called out by the media ? WTF is the matter with them ?
April 30, 2008 5:09 PM | Reply | Permalink
Paging idiotic...
April 30, 2008 5:13 PM | Reply | Permalink
"1. 1995 agreement was premised on agreement that jobs and production would remain in the United States.
David Cay Johnston: Clinton administration imposed condition 'that the new owners keep magnet production and technology in the United States.' [Free Lunch, pp. 38-39]
Evan Bayh: Investors in 1995 'promised to maintain U.S. production of the magnets.' “The U.S. high-performance magnet industry has been hit hard in recent years by China' efforts to dominate the market. Five years ago, the state lost more than 225 jobs when Chinese investors moved the operations of Indiana-based Magnaquench to China. Magnaquench, which had operations in Valparaiso and Anderson, was originally purchased in 1995 by a group of investors that included two Chinese companies. The investors promised to maintain U.S. production of the magnets but in 2003 backed out on that promise." [Press Release, 3/10/08]
2. 2003, President Bush failed to use his authority to block the movement of jobs and production overseas.
Bayh and Visclosky sought help from Bush Administration to halt the closing. “In September of 2003, Magnaquench was in the process of closing down their Indiana production plant, with intentions of moving operations to China, and headquarters to Singapore. This move is of particular interest to homeland security because this plant made 80% of the rare-earth magnets used in the construction of U.S. “smart bombs”. Democratic Representative Pete Visclosky and Senator Evan Bayh have been attempting to gain support from President Bush to halt the closing, citing national security concerns.” [Melanie Goodman, 6/16/04]
Bayh: 2003 decision 'raised new questions' about national security concerns because the jobs would be transferred. “We understand that CFIUS approved both the 1995 purchase of Magnequench by a consortium that included two Chinese companies and Magnequench's acquisition of the Valparaiso facility in 2000. However, the potential transfer of these operations to China raises new questions about maintaining both a significant source of domestic production of rare-earth magnets and U.S. technological leadership for these critical production technologies.” [Bayh letter to Bush, 3/6/03]
Bush Administration 'offered no response' to Congressional inquiries in 2003. “Then, when the Chinese owners in 2003 shut down Magnequench's Valparaiso, Ind. production plant and moved equipment to China, CFIUS offered no response when Sen. Evan Bayh (D-Ind.) requested an inquiry. Bayh became concerned that the Chinese might corner the market on a sensitive military technology. Defense Department contacts informed his staff that Magnequench provided 80 percent of the guidance magnets used in smart bombs. Still, CFIUS refused to provide information about its Magnequench review despite requests from Bayh and from two key Senate committees: the Senate Armed Services Committee and the Senate Banking Committee, which oversees CFIUS, according to a former Senate aide who sought to contact CFIUS.” [Chicago Tribune, July 9, 2005]"
gop trolls.
April 30, 2008 5:14 PM | Reply | Permalink
http://abcnews.go.com/Politics/Vote2008/story?id=4757257&page=1
April 30, 2008 5:17 PM | Reply | Permalink
So basically Evan's big bitch is they moved out early? They only agreed to stay until 2005. They moved in 2003.
Clinton made the deal and agreed to the condition/promise that they would only "stay till 2005". The jobs would have been lost eventually thanks to Clinton's global initiative to export our nation's backbone - manufacturing - and the blue collar jobs the industry provides. (see also NAFTA, Columbia, Dubai port deal)
May 1, 2008 12:30 AM | Reply | Permalink
She just can't stop being Hillary.
The lies just come so effortlessly out of her mouth.
Shameless in an understatement.
April 30, 2008 5:16 PM | Reply | Permalink
So we have a lie about Sniper-Fire, we'll call it Sniper-gate
We have a lie about the pregnant woman and the hospital, we'll call it Hospital-gate.
Now, we have a lie about the sale of a magnet making company from Indiana. I guess we can call that one Magnet-gate.
I still don't get why Hillary tells so many outright, verifiable, lies. I understand that she is willing to say and do anything to get elected, but doesn't she know that people follow-up on the things she says.
This is the third verified lie that she has told. That is not counting the unverifiable statements that can't be verified.
We can't believe anything she says.
April 30, 2008 5:23 PM | Reply | Permalink
She and Bill are still stuck in the 90s when, if you were talking about something that happened more than three months earlier, you could say damn near anything you wanted and get away with it if it was at least a third cousin to the truth.
You may not be old enough to remember those days. It's almost unfathomable today, but, back then you couldn't just find out anything you wanted to know any time you wanted to know it by typing it into a search engine and hitting "enter."
There was no Youtube. No really. In fact, there was virtually no video of any kind because we used a primative technology known as "dial-up" that limited bandwidth to about a thousandth of what you young whippersnappers were used to today. Almost all news archives were behind pay-walls or, and I know this is going to be hard to believe, but I'm not making it up, even printed on paper and stored in repositories we called "libraries" (or "morgues" if they were a newspapers' store of its own articles) that could only be accessed by physically going to the location where they were stored.
In that environment, you really had to tell a huge, baldfaced, outrageous whopper to justify the effort reporters would have to go to to prove you were lying. Hell, every word that came out of the Reagan Administration was premised on that assumption.
April 30, 2008 5:41 PM | Reply | Permalink
They're running a pre-Macaca campaign in a post-Macaca world.
April 30, 2008 6:06 PM | Reply | Permalink
Well, yes, if I had even the slightest capacity for brevity, that's what I would have said. Bill's doing it too.
May 1, 2008 12:17 AM | Reply | Permalink
But... but... she was against at the time! Yes, when she wasn't busy privately railing against NAFTA while publicly supporting it, she was begging Bill not to let the sale go through. Honest! Or she just didn't know anything about that. Just like the controversial pardons. She didn't know. Honest.
She was deeply involved in the Clinton Administration and gets credit for everything that was good in the United States from 1992 to 2000! Except for the things that we're not happy about now. She had nothing to do with those.
Why are you asking her all these questions? Negative campaigning! Wahhhhhh! Why aren't you people talking about Rev. Wright?
April 30, 2008 5:28 PM | Reply | Permalink
Hillary and Bill have been using the same excuse about why the supported NAFTA.
April 30, 2008 5:31 PM | Reply | Permalink
Poor gotnolife.
It still can't add 2 + 2, it seems.
After Tuesday's elections, Obama's pledge delegate lead have increased.
And most already know supers aren't going to overturn anything.
They're just riding it out until the end to keep people like you from having their heads explode.
April 30, 2008 6:14 PM | Reply | Permalink
And THIS story is being totally ignored by the media -- reverend wright and Obama are much more important then any work place and JOBS being lost.
Dam the media for ignoring REAL news.
April 30, 2008 7:28 PM | Reply | Permalink
Actually, ABC (believe it or not) had it on their evening news Wed.
"ABC: Led with economics, including a package critical of McCain and Clinton on the gas tax debate. Experts said suspending the tax would cut government funding and not lower prices. Included footage of Clinton at Indiana gas station. Another negative report said Clinton has “conveniently forgotten” the details of a story she tells about an Indiana company being sold to the Chinese, saying her husband’s administration authorized the deal."
http://thepage.time.com/2008/04/30/evening-news-roundup-98/
April 30, 2008 11:48 PM | Reply | Permalink
And THIS story is being totally ignored by the media -- reverend wright and Obama are much more important then any work place and JOBS being lost.
Dam the media for ignoring REAL news.
April 30, 2008 7:32 PM | Reply | Permalink
You can say that again!
April 30, 2008 7:50 PM | Reply | Permalink
And this is precisely why she can run a campaign on lies: no one is making them known to the ignorant masses who vote (about 35% of those eligible, that is).
April 30, 2008 9:55 PM | Reply | Permalink
I will miss the Clintons. They are destructive, but oh, so entertaining.
Even my 92 year old grandfather realizes "the Clintons are liars" and this is from a lifelong Democrat who has lived a very long time.
Why does a large peice of the American public keep on giving the Clintons passes on this?
April 30, 2008 8:40 PM | Reply | Permalink
For the same reason those dumb fucks voted for Bush.
We must've had ALOT of crossovers and undecideds for it to come to FLA getting stolen.
These are the same democrats that either stayed home that day, or went in and voted for their "good ol' boy, Bush".
And look what we are paying for?
Votes should be public...Id love to scoff at those same stupid individuals right now. Makes me so f***in mad. And im starting to get that same feeling about this race.
April 30, 2008 11:18 PM | Reply | Permalink
Liar liar, pants suit on fire!!!
April 30, 2008 10:18 PM | Reply | Permalink
Of course, gotNOlife is a GOP trolll . . . He trolls for Clinton.
April 30, 2008 11:13 PM | Reply | Permalink
Got a life, where are you when we need to pillory (Hilaty) something?
May 1, 2008 2:56 AM | Reply | Permalink
I had to read Alice in "Wonder Land" as a child. Never before: with the current and former Adminstration, has it brought it more closer to heart.
If you can read and comprehend,,,Please,
Obama.
May 1, 2008 3:03 AM | Reply | Permalink
well, so a company filled with a bunch of deadbeat Hoosiers is closed down and sold to more efficient owners, who happen to be Chinese?
And you people call me a racist, for observing that affirmative action is a senseless and counterproducitve social policy, but you all squawk that precious "American" assets are being sold to dirty slanty-eyed Chinks. Same as you think that obeying the NAFTA treaty means, among other things, letting dirty smelly drunk Spic truck drivers on our roads (the theme of a recent Teamsters PR campaign).
May 1, 2008 8:25 AM | Reply | Permalink
Dear Ayn Rand clone,
The corporate greedmeisters sending jobs abroad are the same ones that brought us NAFTA, covertly support illegal immigration, and support policies that make it impossible for a lot Mexicans to support their families without crossing the border and sending money home.
Thanks to the corporatists, the economy of this country has become so committed to Chinese and Mexican labor that without it we'd have no economy at all.
The configuration of the eyes of the population of those countries to which the jobs are going is not the issue. The reason they call you -- accurately -- a racist is because you blame it on the illegal immigrants themselves rather than the corporate assholes that are the only real beneficiaries of the Bush administration. (And yes, this very much did get start ed under Clinton, but he at least pretended to be a Democrat.)
As for affirmative action, whatever its merits or demerits, I think it requires a racist perspective to link it to the trade issues. Once again, its all about how the chinks, spics and niggers are stealing your jobs.
May 1, 2008 11:58 AM | Reply | Permalink
A bit of education for the "stolen" 2000 election people. Voter News Service was established by ABC, CBS, NBC and other TV networks' news divisions to do polling and exit-polling during elections. They did this to save money and avoid duplication of effort.
When FOX News Channel was established in 1995, VNS was already there, so they signed up for using their data.
In 2000 for the first (and only) time in the history of Voter News Service, they made an "error" by reporting that the polls in Florida were closed when the polls in the panhandle (on Central Time, the rest of the state is in Eastern Time) still had an hour to go.
VNS had many elections 'under their belt' and had NEVER EVER made such an "error" of reporting poll closings before they actually were closed.
There was NO INVESTIGATION. Nobody involved with VNS was charged with any crime. It's illegal for the media to make predictions about the outcome of an election in a State while the polls in that State are still open.
All that happened was VNS was quietly shut down and the TV news returned to using their own people for polling and buying data from a variety of other polling services.
Also of interest (and easy to verify) is the Democratic Party hired a telemarketing service to make calls to registered Democrats BEFORE THE FL POLLS OPENED saying that there were problems with the election. (Neglecting to mention it was the Democrats up to no good.)
Finally, that "butterfly" ballot was designed and approved by a county election board that had ONE Republican on it. The rest were all Democrats. So why were the Democrats crying about how "confusing" and "illegal" that ballot was when DEMOCRATS designed and approved it?
Oh, one more thing. It was so funny when Gore's legal team was trying to convince a court that the punch voting machines were worn and defective. They brought in one of the men who designed the material used in the "T strips" the punch pin pushes between then 'snaps' downward as the head of the pin passes. He shot down every crazy theory they concocted about how the strips could possibly have become deteriorated or worn. This was on live TV, and the left-leaning media will make sure that never is broadcast again.
The lesson there is to make sure *before* your expert witness gets on the stand that he or she is actually going to HELP your case. ;)
May 1, 2008 10:43 PM | Reply | Permalink