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By Stephen Frank, California Political News and View
China is stealing our technology—and only President Trump has been fighting to stop it. China has kept our businesses out of China—or only in minority ownership position if allowed in China. Now, President Trump has ordered the sale of the Chinese government OWNERSHIP of the Port of Long Beach—bet you did not know the Totalitarian Chinese owned our Port? He did it for national security—something Obama did not care about when he allowed the Chinese to buy the Port.
“The Trump Administration’s Department of Homeland Security has forced China’s state-owned Cosco* to sell the Port of Long Beach over security concerns.
China’s Cosco Shipping Holdings, which bought out its 75 percent–owned Hong Kong–based Orient Overseas International (OOCL), was forced to sell its Port of Long Beach Container Terminal ownership to Macquarie Infrastructure Partners for $1.78 billion.
The Obama administration had no problems with OOCL signing a 40-year lease with the City of Long Beach in 2012 for control of America’s second largest and most automated container handling operation. The sweetheart deal was part of the “Middle Harbor Redevelopment Program” to fund a $1.5-billion expansion through 2020.
Obama gave $150 BILLION to Iran—to be used against American military, blowing up oil fields and supporting the terrorist effort worldwide. Obama SOLD an American Port to the Totalitarian Chinese. The good news is that Donald Trump is the President for Americans and the Free World. Obama tried to give away our freedoms or sell our safety. That is something the Democrats will have to defend in 2020—especially Joe Biden.
Related article: Trump administration forces China to sell the Port of Long Beach
Stephen Frank: Is the the publisher and editor of the California Political News and Views. Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/
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Finally we have a CINC who loves America. It’s good to know we finally have someone on our side.
That will put a nice dent in the opiate smuggling and save lives of many children and US citizens. Bravo!
Chris, is your point that since the Chinese were not the original owner (in 1936 or 1949 or whenever) it makes no difference that they eventually owned (controlling interest) it? I don’t understand your point.
A nation with questionable at best ulterior motives was a controlling partner in the largest entry point to our nation, and the one managing the security for everything coming in to be loaded to truck and trains to destinations everywhere. They no longer are. End of story.
The port was not owned by the Chinese when it was originally purchased.
But why should accuracy matter?