Wednesday, April 26, 2006

China is the Sole Manufacturer of Material for U.S. Missiles

Nobody is watching the shop.

China now owns a monopoly on the manufacture of missile magnets which the U.S. military is dependent upon for its most sophisticated technology and weaponry.

In the 2003 Presidential State of the Union address:
Bush expressed his administration’s objective to “strengthen global treaties banning the production and shipment of missile technologies.”
Then between 2003 and 2004:
[T]he Committee on Foreign Investments in the United States (CFIUS) allowed the last manufacturer in the U.S. that provided a key element instrumental in cruise missile guidance, to be relocated to the Peoples’ Republic of China.
With the finality in 2004 of a strategic corporate deal, "the U.S. now remains totally dependent upon China for key rare earth metals and their production necessary in the manufacture of the most crucial of U.S. military warfare."

Do you think that Americans would have elected anyone who agreed to let that happen?

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