WARDING OFF MALICIOUS CHINESE
INFLUENCE.
ARE THEY RIGHT?
HERE NOW IS REPUBLICAN
CONGRESSWOMAN NICOLE MALLIOTAKIS
FROM NEW YORK, MEMBER OF HOUSE
FOREIGN AFFAIRS COMMITTEE.
GOOD TO SEE YOU, CONGRESSWOMAN.
YOU KNOW, INFLATIONARY, WE KNOW
THAT.
WHEN YOU’RE SPENDING TENS OF
BILLIONS, IF NOT MORE LIKE
HUNDREDS OF BILLIONS, IT’S
INFLATIONARY.
IT’S CORPORATE WELFARE.
WE DON’T LIKE THAT.
AND ON TOP OF EVERYTHING, IT
GIVES A LOT OF MONEY TO
BUREAUCRACIES IN WASHINGTON.
OTHER THAN THAT, WHAT’S WRONG
WITH THE BILL?
>> WELL, I VOTED AGAINST THE
HOUSE VERSION FOR THOSE VERY
REASONS.
AND MATTER OF FACT, I BELIEVE
THAT IN SOME WAYS THE BILL GAVE
CHINA A COMPETITIVE EDGE.
IT WOULD ACTUALLY GIVE BILLIONS
OF DOLLARS TO CHINA TO IMPLEMENT
CLIMATE POLICIES AT A TIME WHEN
OUR PRESIDENT REENTERED THE
PARIS ACCORD WITHOUT EVEN
REQUIRING THAT CHINA AND INDIA
OPERATE AT A LEVEL PLAYING
FIELD.
I THINK ONE OF THE BIG ISSUES
THAT THE SENATORS RECOGNIZE IS
THAT CHINA IS THE BIGGEST
GEOPOLITICAL THREAT THAT WE FACE
AS A NATION, AND IF WE’RE GOING
TO PUT TOGETHER LEGISLATION, IT
HAS TO ADDRESS A NUMBER OF
ISSUES.
AND THIS BILL SO FAR DOES NOT TO
THAT.
WHAT WE REALLY NEED TO DO IS
COMBAT CHINA’S INFLUENCE MANY
INTERNATIONAL ORGANIZATIONS LIKE
THE UNITED NATIONS, LIKE THE
WORLD HEALTH ORGANIZATION.
DAVID: YES.
>> WE HAVE TO COMBAT THE BELT
AND ROAD INITIATIVE.
WE ALSO HAVE TO BRING OUR SUPPLY
CHAIN HOME BY CLOSING LOOPHOLES,
INCENTIVIZING MANUFACTURING ONCE
AGAIN IN THIS COUNTRY.
WE SAW DURING THE HEIGHT --
DAVID: LET ME JUST STOP YOU
THERE.
LET ME JUST STOP YOU WILL THERE.
INCENTIVIZING DOES NOT MEAN
SUBSIDIZING, RIGHT?
I MEAN, THIS BILL WOULD
LITERALLY SUBSIDIZE A LOT OF
THESE SILICON VALLEY COMPANIES.
AND WE KNOW SUBSIDIES NEVER END.
>> EXACTLY.
EXACTLY.
AND SO WHAT WE WANT TO DO
INSTEAD IS CLOSE LOOPHOLES,
CHECK OUT THE TARIFFS, THE TRADE
LAWS, MAKE SURE CHINA IS IN
COMPLIANCE WITH THESE THINGS.
BUT WE HAVE TO BRING OUR SUPPLY
CHAIN HOME, AND I THINK THAT’S
EVIDENT BY WHAT WE FACED DURING
THE COVID PANDEMIC WITH THE LACK
OF PPE.
IT ISES WHAT WE’RE FACING NOW
WITH THE CHIPS AND
SEMICONDUCTORS THAT ARE LACKING
FOR AUTOMOBILES AND FOR
ELECTRONICS.
AND ONE OF MY BIGGEST CONCERNS
IS MAKING SURE THAT ACTIVE
PHARMACEUTICAL INGREDIENTS ARE
MADE HERE IN THE UNITED STATES.
AND I THINK BY CLOSING CERTAIN
TAX LOOPHOLES WE CAN DOHA ONCE
AGAIN, AND I THINK -- DO THAT
ONCE AGAIN.
IF YOU LOOK AT HOW EUROPE RIGHT
NOW IS SO VULNERABLE REGARDING
ENERGY, DEPENDENT ON RUSSIA FOR
ENERGY NEEDS.
WE COULD IN THE FUTURE BE THE
SAME WHEN IT COMES TO
PHARMACEUTICALS --
DAVID: I THINK WE ALREADY ARE.
CONGRESSWOMAN, I THINK WE’RE
ALREADY THERE ON A LOT OF
PHARMACEUTICALS THAT ARE
NECESSARY.
BUT AGAIN, WHY ARE SO MANY
REPUBLICANS FOR THIS THING?
I MEAN, THEY HAD -- INCLUDING
McCONNELL, BY WAY.
HE’S AGAINST IT NOW AND HE’S
THREATENING TO PREVENT IT FROM
BEING PASSED, BUT HE VOTED FOR
IT.
WHY ARE SO MANY REPUBLICANS FOR
SOMETHING THAT SORT OF IMITATES
THE CHINESE WAY OF DOING THINGS?
>> YEAH.
IT NOT ONLY IMITATES THE CHINESE
WAY OF DOING THINGS BY PUTTING
TAXPAYER MONEY TO SUBSIDIZE
PARTICULAR INDUSTRIES, BUT IT
ACTUALLY GIVES CHINA AN
ADVANTAGE IN SOME CASES BECAUSE
THEY DON’T ADDRESS SOME OF THE
FUNDAMENTAL ISSUES THAT THE
SENATORS BROUGHT UP.
FINISH AND THAT, I THINK, IS THE
BIGGEST ISSUE.
AND THAT’S WHY YOU SAW AN
OVERWHELMING NUMBER OF HOUSE
REPUBLICANS VOTE AGAINST THE
VERSION THAT WAS BROUGHT UP IN
OUR CHAMBER, AND NOW WHILE
THEY’RE GOING THROUGH THIS
RECONCILE PROCESS, I’M GLAD THAT
YOU AND OTHERS ARE POINTING OUT
WHAT NEEDS TO BE ADDRESSED
BECAUSE, AGAIN, THIS IS A REAL
OPPORTUNITY HERE TO FIX A LOT OF
THE ISSUES THAT WE’VE SEEN OVER
PAST DECADE EMERGING.
AND IF WE DON’T DO IT NOW, CHINA
COULD POTENTIALLY WEAPONIZE SOME
OF THESE SUPPLY CHAIN THINGS
THAT WE RELY ON IN THE FUTURE
LIKE MEDICATION, AND THAT IS
REALLY, I THINK, FUNDAMENTALLY
WHAT WE NEED TO BE DOING.
IT’S A NATIONAL SECURITY ISSUE.
IT’S NOT JUST ABOUT ECONOMICS --
DAVID: WELL, WE DON’T IS HAVE
MUCH TIME --
[INAUDIBLE CONVERSATIONS]
>> ISSUE AND SEEING WHAT IS
OCCURRING RIGHT NOW WITH RUSSIA
AND EUROPE, THAT’S MORE EVIDENT
THAN EVER.
DAVID: SUPPORTERS OF THE BILL,
WE ONLY HAVE 10 SECONDS, ARE
REALLY PLAYING HARDBALL.
THEY’RE CALLING Mc McCONNELL
PLAGUE ON THE SIDE OF THE
CHINESE COMMUNISTS FOR BEING
AGAINST THE BILL NOW.
WILL IN THIS HARDBALL WORK?
YOU ONLY HAVE 10 SECONDS.
OH, OKAY.
I’M AFRAID WE LOST THE
CONGRESSWOMAN.
SHE WAS HAVING TROUBLE HEARING
US, BUT WE THANK HER FOR HER