The Manchurian Candidate
Pingree invests in China, lives in the Virgin Islands,
"represents" Maine
AUGUSTA - Congresswoman Chellie Pingree's financial disclosure is now available online,
and what a story it tells. Pingree was the only member of Maine's
congressional delegation to request an extension from the May 15
deadline, and it is her first since marrying billionaire hedge fund
manager and Democratic string-puller Donald Sussman.
Here is a sampling of the investments disclosed in Pingree's report:
- Chilton China Opportunities, LP
- China Aoyuan Property Group
- Cathay Investment Fund Limited
- New China Investment Management Inc.
- New China Management Corp.
- TAM China LLC
Pingree is especially invested in The Cathay Funds,
a private equity firm that invests in China. It is closely affiliated
with New China Investment Management Inc. and New China Management
Corp. Through Cathay, Pingree helps create Chinese jobs in
manufacturing, chemicals, mining, consumer products, and more.
Meanwhile, Pingree racked up a meager 29 percent score with the National
Federation of Independent Business (NFIB) for her voting record during
the 112th Congress.
"Clearly
her priority is profiting off of her investments in China rather than
casting good votes for businesses here at home," said Maine Republican
Party spokesman David Sorensen.
"Pingree
parks her money in China, her private jet in the Virgin Islands, and
her political ambitions in Maine," said Sorensen. "I think this heavy
investment in China is just another example of Pingree being out of
touch with the average Mainer."
China
has come under heavy criticism for years over its currency
manipulation, trade practices, copyright infringements, human rights
record, and territorial disputes. "The hypocrisy of Democrats like
Pingree, who oppose private equity and espouse local investment, and
then invest in China, really is astounding," said Sorensen.
Pingree's
opponent, state Senate Majority Leader Jon Courtney, owns and operates
Courtney Cleaners in Sanford. "He's a regular Mainer who knows what it
takes to make a payroll and run a business here in Maine," added
Sorensen.
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