Former Bridgewater CEO and probable Pennsylvania Republican Senate candidate, David McCormick, has been vocal about criticizing the Biden administration’s policies on China and electric vehicles (EVs). However, it has been revealed that McCormick, as the CEO of Bridgewater Associates’ hedge fund, made significant financial investments in Chinese EV companies.
Despite publicly expressing support for workers during a recent strike by the United Auto Workers Union against General Motors, Ford, and Jeep plants, McCormick accused the Biden administration of hurting American workers through its subsidies. This criticism is contradictory considering McCormick’s involvement in investments in Chinese EV companies, which he himself boasted about.
McCormick’s newfound pro-worker rhetoric is also questionable given his outsourcing of hundreds of jobs and his previous role in teaching other companies how to do the same in the early 2000s. This inconsistency raises doubts about his genuine concern for American workers and their well-being.
While McCormick has not officially announced his candidacy for the 2024 U.S. Senate race in Pennsylvania, he is considered a front-runner. However, his Pennsylvania residency is questionable, as he recently rented a $16 million mansion in Connecticut.
Furthermore, McCormick’s stance on immigration has also shifted to align with far-right Republicans, favoring strict borders. This stands in contrast to his previous support for hiring skilled immigrants.
It is crucial for voters to scrutinize the actions and investments of political candidates to ensure that their words align with their deeds. McCormick’s financial investments in Chinese EV companies contradict his criticism of the Biden administration’s policies, raising questions about his credibility and commitment to American workers.
– AP Photo/Matt Rourke, File
– Twitter post by Dave McCormick (@DaveMcCormickPA), September 15, 2023