ABC Corrects Clinton's Tale Blaming Bush
for Closed Factory
ABC reporter Jake Tapper on Wednesday night undermined Hillary Clinton's campaign trail tale blaming the Bush administration for allowing a Valparaiso, Indiana manufacturer of magnets for smart-bombs to move to China, costing 200 jobs and giving the technology to the communist regime. Tapper, however, pointed out that the sale occurred in 1995 and was approved by....the Clinton administration. "Senator Clinton decries how the company Magnequench moved from Indiana to China in 2003," Tapper reported, "but there's one key part of the story Senator Clinton tends to leave out: Her husband's role." He elaborated: "Over and over again, Clinton blames President Bush for dropping the ball on a national security issue -- including in a new TV ad....What Clinton does not say is that her husband could have stopped it because the Chinese bought Magnequench in 1995 when he was President. And his administration approved the deal despite national security concerns..."
As for "one of Senator Clinton's main arguments" -- that "the Chinese now know our secrets" -- Tapper relayed how "former Magnequench Vice President Andrew Albers says that's false. By the 2003 move, he says, the Chinese already knew everything" so no secrets or intellectual property were transferred to China.
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