Thursday, August 25, 2022

Mitch McConnell And Elaine Chao Spent Decades Getting ‘Rich On China’

Donald Trump and Mitch McConnell

  • For years, Senate Minority Leader Mitch McConnell and his wife Elaine Chao have maintained a glaring conflict of interest, conducting extensive government business despite the Chao family's deep ties to China through a maritime shipping company.
  • Former President Donald Trump is calling attention to the top Republican's problematic China ties, while most of Washington remains silent.

Blood Runs Thicker than Water

  • Even though the Trump administration took a hardline stance against China and its intent to compete with the U.S., the Chao family company proceeded with the purchase of 10 new ships from the Chinese government
  • This strategic buy expanded the Foremost fleet capacity by more than 40 percent, enabling the company to do even more business with the CCP
  • It was under Chao's leadership that the Department of Transportation proposed budget cuts for programs meant to stimulate American shipping and mariners

How to 'Get Rich on China' 101

  • Not only do McConnell and Chao's family members financially benefit from doing business with communist China, but so have McConnell and his wife and son.
  • The political duo may not have a formal stake in the Chao shipping empire, but they have certainly amassed wealth from the business
  • In 2008, McConnell received a "gift" of $5 to $25 million from his father-in-law which could have been money designed to keep a favorable relationship between McConnell and the Chao family.

Status and Power

  • Despite avoiding U.S. press appearances in her capacity as transportation secretary, Chao joined her father for dozens of appearances on Chinese and Chinese-American television where she regularly boosted Foremost and the work her family does out of China.
  • She granted her China-sympathetic family access to the president of the United States, a political connection that her father coveted and later boasted about in interviews, sometimes with communist state-owned media.

Consequences?

  • It wasn't until 2017, decades after McConnell and Chao began to benefit from their family's ties to China, that the House Committee on Oversight and Reform sent a letter to Chao demanding that she explain her public elevation of her family's maritime company.
  • In 2021, months after she resigned from the Trump administration, the Office of Inspector General for the Department of Transportation released a report confirming that Chao "used her official position and taxpayer resources for the benefit of herself and her family."
  • Evidence of wrongdoing in the OIG report was communicated in a criminal referral to the DOJ Public Integrity Section, but none of the agencies decided to open an investigation.

https://thefederalist.com/2022/08/24/trump-is-right-mitch-mcconnell-and-elaine-chao-spent-decades-getting-rich-on-china/ 

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