February 26, 2007
The bill has been referred to the House Committee on Foreign Affairs where it will flounder with all the other time and money wasting efforts by the Taiwan foreign lobby influenced Taiwan Congressional Caucus.
The two biggest supporters of this latest buffoonery are Reps. Tancredo and Steve Chabot of Ohio. Chabot is co-chair of the Taiwan group. Rep. Chabot delivered the news of the Bill directly to his constituents in Taipei on his "exciting" Chinese New Year trip that whisked him up and down the island and featured meetings with President Chen and politicos from the American Embassy, er, Institute in Taipei.
In American politics, you get what you pay for. Taiwan has famously lavished trips on Congress for years and powerful Taiwan lobbying groups exert plenty of influence all over the USA.
Steve Chabot's number one source of contributions is PAC money from "ideology, single issue" groups. In the run-up to the 2006 election, Chabot accepted important contributions from two Taiwan issue PACS: the Taiwanese American Action Council" and the "Taiwanese American Victory Fund."
Tom Tancredo is a long time "bomb thrower" for Taiwan and, as regular readers may remember, I had a spirited exchange with congressman Tancredo's office before on the issue of his unwaivering support for Taiwan. As for Tancredo, almost half his money comes from out-of-state and is dominated by unidentified contributions by unnamed individuals. Tancredo's largest single contributer in the 2006 election was the law firm Bartlit, Beck, etc. counsel in Taiwan related cases.
February 15, 2007
China To Buy Chrysler
As you heard from us in our very first video report of January 9, 2007, Damilerchrysler signed a joint venture deal with Chery Automobiles of China to sell Chinese cars under a Chrysler brand.
Similar deals are already proving successful such as the Toyota Yaris and Honda Fit, both made in China.
China's auto sector is getting extremely competitive as Chinese carmakers jockey for position into the American market. The industry still needs a lot of consolidation but it is expanding exponentially and China is now awash with cash.
Speculation is that a Chinese company, possibly even Chery, might make an offer Dr. Z can't refuse.
Don't forget, the Chinese already own two famous British brands once the pride of the industry: MG and Rover. The Chinese are adept at accelerating economic and technological growth. It took half a century for Toyota to go from joke (the Crown in 1955) to rival GM in US car sales. An American car company and brand such as Chrysler with dense networks of dealers, suppliers, and services, would be the perfect opportunity for a Chinese auto company to leapfrog ahead.
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