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The private equity hostile takeover of President Trump’s America First Republican Party keeps rolling along. David McCormick: ‘A former hedge fund CEO, he’s overseen more than $1 billion in investments in China.’ / Video Image Bloomberg News Service reported Jan. 12:
David McCormick, who stepped aside last week as chief executive officer at hedge fund giant Bridgewater Associates, kicked off his bid for a U.S. Senate seat in Pennsylvania by registering Wednesday to enter the race as a Republican.
A formal announcement is widely expected to quickly follow his filing with the U.S. Federal Election Commission.
The more one vets McCormick, the worse it gets. He was a top wingman to Bridgewater founder Ray Dalio, who has made numerous outrageous comments in recent months rabidly defending communist China, where Bridgewater has highly lucrative business ties. Dalio’s latest:
“As Deng Xiaoping and others understood , it’s a cycle,” Dalio said at a UBS Group investment conference Monday, according to the Wall Street Journal. “First you get rich, and then you make a point of distributing those opportunities in a more equal way.”
Here’s Dalio on Nov. 30 shrugging off Chinese tyranny as just they’re way of doing things:
Dalio said: “ As a top-down country , what they’re doing — it’s kind of like a strict parent . They behave like a strict parent, and they go through that. That is their approach. We have our approach.”
Bridgewater has $140 billion in assets and Dalio has an estimated net worth of $18 billion.Despite this, McCormick is planning to run as the Make America Great Again guy against top GOP primary opponent Dr. Mehmet Oz , who himself has an estimated net worth of $100 million.Politico reports : Dave McCormick has been quoted bashing populism, celebrating skilled immigration and […]
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They’re Trying to Shut Us Down
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