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Banned
Join Date: Aug 2005
Location: On a boat in the Great NW
Posts: 6,145
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I wish there was half the outrage when Gore asserted that there "was no controlling legal authority" regarding enforcing campaign finance violations of raising funds from the Chinese Military. I guess it is less of a scandal when uber-Democrat contributors (Loral and Hughes) directly buy off a President and political party to allow ICBM technology to be transferred to the Chi-Coms.
In 2002, Loral Space reached a settlement with the State Department over charges of passing advanced military technology to the Chinese Army. Loral agreed to pay $20 million in fines, but did not admit nor deny wrongdoing.
In 2003, Loral declared bankruptcy. The aerospace giant that sold for $72 a share in 1996 watched as its shares tumbled to less than 20 cents a share.
Yet, despite hard times for its investors, Loral's CEO Bernard Schwartz has managed to cough up over $4 million in political donations for the Democrats and non-profit 527 organizations opposed to President Bush.
That little scandal seemed to slip through the media cycle, who cares if it makes Abramoff look like chump change.
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