NC-09 – Democratic candidate for North Carolina’s 9th Congressional District special election, Dan McCready, is getting some exposure in the national press for his ‘business experience.’ McCready, co-founder of Double Time Capital, which invests in renewable energy cronyism, has put himself on record as being ‘tough on China’ even as his company invested in firms that outsource supply chains to the People’s Republic. It’s not just raw materials, either, but critical components that federal officials could believe threaten US national security.
From Fox News:
“A Democratic Congressional candidate trying to win a seat in September’s special election has promised to “get tough with China,” even as he invested in a solar power company that outsourced production to China and imported devices from a Chinese company deemed a national security risk. […]
McCready attempted to appear as a moderate Democrat and wooed Republican voters by agreeing to President Trump’s tough trade policies, particularly when it came to China.
“I’ll … get tough with China until they agree to fair trade deals,” he said in a campaign ad. “A good thing is we do have a president who takes extremely seriously the disadvantage that American companies and workers have been put through,” he once told a newspaper. […]
But despite the tough talk, McCready has been involved in financing the state’s largest solar company, which has outsourced the production to China. […]”
That company is Strata Solar, the king of solar cronyism that vaulted to its top position via special crony subsidies and, apparently, deals with China. One of the products Strata Solar was importing from China in it’s taxpayer-supported solar business were critical components called ‘string inverters’ from a company called Huawei. You might have heard of Huawei recently, as the world’s second largest phone-maker has also earned a top spot on U.S officials lists for threats to national security.
Huawei’s CFO, the daughter of the founder and a veritable princess of the Chinese Communist Party, was arrested in Canada months ago for Iranian sanctions violations; the company’s 5G products have been blacklisted for security worries; and, Dan McCready made a good living by investing in companies that happily outsourced production and imported products from this company, despite warnings.
“A number of U.S. senators also specifically asked the Department of Homeland Security and Department of Energy to ban Huawei string inverters over national security risks to the U.S. power grid.
“We write to express our concern over the national security threat products manufactured by Huawei Technologies Co., Ltd. (Huawei) pose to our nation’s critical energy infrastructure,” wrote a 2019 letter signed by Sens. Diane Feinstein, Marco Rubio, John Cornyn, Mark Warner and others.
“Our federal government should consider a ban on the use of Huawei inverters in the United States and work with state and local regulators to raise awareness and mitigate potential threats.” […]”
McCready says he wants to be tough on China, but why would voters expect him to follow through on such tough talk when his financial interests clearly align more with China, despite the national security interests of the United States?
One angle worth considering is that McCready only meant ‘tough on China’ in the Big Government way, which means he wants Uncle Sam to subsidize his investments with more of YOUR money. McCready has bemoaned the policies of the U.S., when it comes to competing with China in solar, that were ‘forward-looking’ enough. When a Democrat uses terms like ‘forward-looking’ or ‘investments for the future,’ grab your wallet, because whatever it is, it’s going to be fueled with taxpayers’ money.
Read more on McCready’s conflicting interests from Fox News here.