This is third part of a posting, Another Swing, Another Miss, that I initially put up on Oct. 2. Part II appeared on Oct. 4 and, ostensibly, this will be the final installment in the series. If the points made in these postings aren’t clear to you by the time you’ve gotten through this third part, we’re both wasting our time.
In the first part I predicted that the Democrats’ latest attempt to pin something, anything, on President Trump would fail, as did all their previous times at bat against him. In that part I promised to explain what “there” there is in the Ukraine imbroglio, the latest incarnation of the Dems’ attempt to undo the results of the 2016 election – a “there” not with Trump, but with former VP and current presidential contender Joe Biden. I kept that promise in the second part and then went on to say there is a much bigger “there” in which Biden and his son Hunter are involved.. Now, in this part, I will explain that biggest “there” of all, which involves China.
If you haven’t read the first two parts in the series yet you should now, and then go on to read this part. All this will make much more sense to you if you understand what leads up to it.
A Profitable Family Outing on Air Force Two
On Dec. 4, 2013, then-Vice President Joe Biden, son Hunter Biden, and Finnegan Biden, Hunter’s daughter and Joe’s granddaughter, stepped off of Air Force Two into the chill winter air of Beijing. They were greeted by children bearing flowers before being whisked off to meetings with top Chinese leaders. With the trappings of a family outing – all, of course, on the U.S. taxpayer’s nickel – the Bidens had arrived on what turned out to be not just a high-profile state visit, but a most lucrative few days for Hunter.
Ten days after the visit, during which Hunter Biden’s meetings with high-ranking Chinese officials went largely unreported, Rosemont Seneca Partners, the hedge fund in which the younger Biden is a principal, concluded a deal, initially valued at $1 billion but later expanded to exceed $2 billion, in which Bohai Capital, a subsidiary of the Chinese government-owned Bank of China, agreed to invest in Rosemont Seneca. Together, they formed a new entity called Bohai Harvest RST.
Remember in Part II of this series I asked you to remember the name “Bohai”? Well, there you have it: Bohai – the name of the innermost gulf of the Yellow Sea – represents the Chinese government’s investment in the private fund headed by the son of the then-VP of the United States. The other principal in the fund was Christopher Heinz, the stepson of then Secretary of State John Kerry. Together Bohai Capital and Rosemont Seneca formed Bohai Harvest RST (BHR). The RS stands for Rosemont Seneca and the T stands for the Thornton Group, headed by James Bulger, the nephew of notorious Massachusetts gangster Whitey Bulger. James Bulger’s father, younger brother of Whitey, Billy Bulger, longtime leader of the Massachusetts state senate and ally of John Kerry, serves on the board of the Thornton Group.
So, what you have is the Chinese government making a major investment in a fund headed by the sons of some of America’s most connected officials. While Chris Heinz later denied any involvement with the Chinese deal or with Bohai Harvest RST, Hunter Biden’s role in the fund and the deal has been well documented, largely through the work of investigative author Peter Schweizer. The body of Schweizer’s work has been widely quoted and recognized for its in-depth quality and accuracy, most prominently including his previous book, Clinton Cash: The Untold Story of How Foreign Governments and Businesses Made Bill and Hillary Rich. Now some sources, like Politifact, reported that Bohai’s investment in the fund was much less than originally envisaged, topping at “just” $425 million. But that number comes directly from Hunter Biden’s attorney, George Mesires. It is challenged by another investigative reporter, John Solomon, who says that the BHR web site showed Bohai’s investment in the BHR venture at more than $2 billion, before the fund suddenly took down the site as the Biden controversy emerged recently. So much for the “fact checking” done in this case. But we risk getting lost in the weeds. The point is, a deal worth a significant sum of money coming from the government of one of America’s prime competitors went to the son of the Vice President of the U.S. on the heels of a high-level state visit.
The Chinese venture also comes into play in the Ukraine story since, as we noted in Part II of this series, Burisma Holdings paid a reported $3.4 million to a company named Rosemont Seneca Bohai LLC. When you have money behind you, you can cast a very wide net, unhindered by oceans or national boundaries.
One might consider that, just as Hunter Biden had no experience with Ukraine or the energy sector when he made his lucrative deal with Burisma, he had no experience with China (other than a couple of visits preceding the Dec. 2013 trip to meet with top Chinese financial executives) or investment banking when he struck the even more lucrative deal with the Bank of China in formation of BHR. Keep in mind as well the point I made in Part II, that it’s not just impropriety that is the issue, but even the appearance of impropriety that public officials should avoid, an imperative seemingly lost on Joe Biden.
Now here is a little quiz for you: If you think this China deal was completely coincidental and not indicative of Hunter Biden’s leverage of his father’s position and influence, as some members of Congress and of the mass media would have you believe, I’d ask that you rate yourself on a scale of 0-10, where “0” equates to “I am hopelessly naive,” “5” equates to “I am profoundly dense and incapable of connecting the dots,” and “10” equates to “I am a staunch Democratic stalwart and believe only Trump and Republicans can do anything wrong.”
Not Just Some Gaffe: “You Know, They’re Not Bad Folks, Folks”
As questionable as the ethics of Joe Biden might be in allowing his son to leverage his position as VP in the deals Hunter Biden engineered in China and Ukraine, it’s important to consider how his son’s financial pursuits appear to have influenced the senior Biden’s view of global realities, particularly in regard to China. This is particularly critical given Biden’s bid to fill the highest office in the land.
In May of this year, Biden made a statement at a campaign stop in Iowa that boggles the mind of anyone even remotely familiar with the strategic threat China poses to the U.S. and, in fact, the world.
“China is going to eat our lunch?” rhetorically asked the former VP and man that would be president. “Come on, man. They can’t even figure out how to deal with the fact that they have this great division between the China Sea and the mountains in the east, I mean in the west. They can’t figure out how they are going to deal with the corruption that exists within the system. I mean, you know, they’re not bad folks, folks. But guess what, they’re not competition for us.”
It’s a bit ironic that Biden refers to corruption in China, but even that mention is embedded in the bigger muddle represented by those six sentences. And lest you write this off as just another of Biden’s gaffes, consider that, a couple weeks later at a campaign stop in New Hampshire, Biden doubled down on his earlier remarks.
“What are we doing? We’re walking around with our heads down, ‘Woe is me,’ ” Biden told the crowd gathered to hear him. “No other nation can catch us, including China. I got criticized for saying that. I’ve spent as much time with Xi Jinping as any world leader has.”
There might be some element of truth in that last claim, but the time Biden spent with China’s president certainly didn’t seem to provide him with any clarification of Xi’s intents or those of the country he heads. Criticism of Biden’s comments came from across the political spectrum, ranging from former Republican presidential candidate Mitt Romney to Bernie Sanders, one of Biden’s competitors for the top office.
“I’ll stick with the language in our national security strategy and our national defense strategy, which identifies China as a strategic competitor,” said Randall Schriver, Assistant Secretary of Defense for Asia. And FBI Director Christopher Wray recently said that China “ . . . in many ways represents the broadest, most complicated, most long-term counterintelligence threat we face.”
Even Trump, who regularly is accused by his detractors of not being fully conversant with global geopolitics, chimed in with the obvious: “For somebody to be so naive, and say China’s not a problem — if Biden actually said that, that’s a very dumb statement.” Indeed.
The issue of Chinese investment in Hunter Biden’s equity group becomes a problem for the U.S. when one looks at some of the investments made by Bohai Harvest RST. These include investment in a technology the Chinese government can use to surveil and repress its Muslim minority, as well as in an automotive firm, mining companies, and various technology ventures. Just one of those investments was the $600 million acquisition of Henniges Automotive, an American automotive supplier developing dual-use technologies with military applications, which was headquartered in Michigan. BHR took a 49 percent stake in the venture, with the Aviation Industry Corporation of China (AVIC), a Chinese state-run military contractor, acquiring the majority and controlling interest in the company.
But c’mon, folks! Why should Americans be concerned about transfer of these kinds of technologies to the Chinese? You know, they’re not bad folks! And why would a $2 billion-plus deal to his son’s benefit color the senior Biden’s view of the Chinese? I mean, Hunter’s other antics and failings (I’m being exceptionally kind not to call them misdeeds – this piece is well worth reading if you want to learn more about those) haven’t affected Joe’s support of his younger son. Why should anything else do that? And after all, the administration Joe Biden was part of didn’t see any problem in delivering $400 million in cold hard cash to the murderous regime in Tehran. So what’s to see here, folks?
Go along to get along might be Biden’s motto. Money makes the world go ’round, doesn’t it?
So now, getting back to where all this started, House Speaker Nancy Pelosi and House Intel Committee Chair Adam Schiff want to Impeach Donald Trump for wanting to look into Joe Biden’s role in his son’s profitable business dealings in Ukraine and China. In any sane world this would appear to be beyond the bounds of reason, much less decency. But this isn’t a sane world. Rather, it’s the whack-o and thoroughly corrupt world of U.S. partisan politics.
Actually, while Schiff, who has his own questionable Ukraine connections, has been annointed head of the “impeach Trump” bunch in the House (keep in mind that impeachment usually falls to the House Judiciary Committee, headed by the incompetent Jerry Nadler, not the Intelligence Committee), Speaker Pelosi has held back from actually calling for impeachment. Her solution is to create what she calls an “impeachment inquiry.” Keep in mind that there is no Constitutional provision for anything called an “impeachment inquiry.” Nor is there any law that provides for such a thing. The whole concept is Pelosi’s invention. Ostensibly this is her way of bowing to pressure from within her caucus and to keep up harassment of the President, of continuing to throw whatever accusations, no matter how specious or lacking in basis, at him, all of which will be dutifully reported by the sycophantic mass media, while avoiding putting the whole matter to a vote.
It’s obvious to Pelosi that, lacking anything of real substance, even if the House votes to impeach Trump, there is absolutely zero chance that the Republican-controlled Senate would convict him and remove him from office, especially given polls that show little public support for impeachment. Such an outcome would represent a political embarrassment to Pelosi and a potential disaster to the Democrats, and one that would come in an election year that could not just doom the Dems’ hope to re-take the White House but even their chances of retaining control of the House. It also helps detract from the utter lack of anything of substance coming out of the Democratic-controlled House, leading to public approval ratings of Congress at and below an abysmal 19 percent level. Thus, we have this so-called “impeachment inquiry.”
In the midst of the ongoing firefight I think it would be naive not to expect the power-hungry Hillary Clinton from trying to exploit the whole morass and climb back on to the wagon she hopes will lead to her nomination as the Democratic candidate in 2020 and, ultimately, the presidency, which she sees as her birthright. Never mind how this might play out with voters. This is a matter of Hillary’s imperial, even divine, vision she has for her place in history. She already has been making her presence known after relative silence over the past three years. Again, the reality that whether it benefits Hillary or not, the current brouhaha will blow back on Joe Biden is not lost on Pelosi. As I earlier postulated, I think Pelosi and other influential Dems have realized that Biden can’t beat Trump and so are trying to knock him out of the race. It will be interesting to see what is thrown at him by his fellow contenders at the next Democractic Presidential Debate on October 15.
Meanwhile, wrongdoing by Hillary, other Dems, including those highly placed in the Obama administration, as well as by those within the FBI and the intelligence community, are under investigation by Attorney General Bob Barr and federal prosecutor John Durham. It’s entirely possible that Pelosi and Schiff are pushing things forward so they can beat Barr to the punch. And Barr and Durham’s punch looks like it could be devastating to the Dems.
Of course lots of things might change in the coming weeks and months. Little is a given in politics, all the less so in the overwrought atmosphere presently prevailing. But all things being equal, this is how things look at this juncture, and thus my prediction that, for all the hoopla, the current wailing and gnashing of teeth will equate to one more swing and one more miss for the Dems as they flail about in their attempt to bring down the duly elected President of the United States.
Set your alarm for Nov. 3, 2020, and stay tuned to this space meanwhile, if you can bear to watch as more of this pathetic drama plays out.
Featured image: Joe, Finnegan, and Hunter Biden deplane from Air Force Two in Beijing. Photo by Telegraph.co.uk. Used under Fair Use.