'Trump Broke Him,' Crying Chuck Schumer Makes Shocking Admission About POTUS
President Donald Trump is keeping his promises to put America first.
Now, "Crying" Chuck Schumer (D-NY) has cracked, making a shocking admission about
our President that no one saw coming.
Chuck Schumer (left), President Donald Trump (right) (Photo Credits: YouTube/CNBC/The Tonight
Show) According to Daily Caller, Democrat Chuck
Schumer (D-NY) stood on the Senate floor on Tuesday, March 13, 2018, to bend the knee
to our brilliant President for his masterful intervention to keep American tech giant Qualcomm
American.
Schumer unabashedly praised Trump for stopping Broadcom, the Singapore owned, China-backed
tech company, from taking over the U.S. chipmaker Qualcomm due to the national security risks
that would have come along with the takeover.
This is a blow to China and a clear message to foreign governments who have been stealing
U.S. technology for years that a new sheriff is in town.
"Let me say unequivocally, President Trump and his administration made the right decision
on blocking Broadcom from taking over Qualcomm," Schumer said.
"We all know that China has been rapacious about trade and very smart.
They look for places where they can steal our best technology."
This is a different tune for Schumer who has locked horns with Trump on nearly every issue
from gun rights and tax reform to immigration.
Despite being ideologically opposed to the President, Schumer was apparently ready to
recognize Trump's fine leadership in regard to the proposed tech takeover.
I would not be surprised in the least to find that perhaps Schumer himself or close political
allies had a lot to lose in the event that Broadcom succeeded.
Thanks to Trump's decision to put the smackdown on Singapore and China, the U.S. tech industry
has a huge reason to celebrate.
The President's order came on Monday, March 12, 2018, which mandated that Broadcom and
Qualcomm cease all activities related to the takeover.
Had the takeover been allowed to transpire, it would have constituted one of the biggest
tech mergers in history, with an estimated value of $117 billion.
The administration's decision, in this case, should serve as an example to foreign governments
and companies who set their sights on U.S. firms in the future.
According to Breitbart, the President's decision followed an investigation conducted
by the Committee on Foreign Investment in the U.S. (CFIUS), which discovered that Broadcom
had planned a hostile takeover of Qualcomm through stock purchases and proxy votes in
early 2018.
The committee is made up of select members of Trump's cabinet and Secretary of the
Treasure Steven Mnuchin.
Thanks to their hard work, our President was able to look at the merger with a wealth of
information and make the right call.
The decision to investigate the merger was based on classified and unclassified information
gathered by the Treasury Department.
Notably, U.S. owned Qualcomm is the biggest manufacturer of critical semiconductors that
power electronic devices.
Smartphones and servers are among some of the most technologically advanced devices
containing Qualcomm's chips.
The tech giant is also known as a global leader in the research and development of 5G networks.
One of the more sensitive issues involved in the merger involves classified contracts,
which Qualcomm has with the Department of Defense and other agencies.
Why on earth would we want a foreign government like Singapore or China to be in control of
those kinds of resources?
The Treasury Department released a letter on March 6, 2018, which read in part.
"Qualcomm has become well-known to and trusted by, the U.S. government … Having a well-known
and trusted company hold the dominant role that Qualcomm does in the U.S. telecommunications
infrastructure provides significant confidence in the integrity of such infrastructure as
it relates to national security."
The Trump administration needs to re-evaluate the capability of foreign governments and
companies to invest in U.S. owned businesses.
For decades, our country's industries have been left wide open to what, in reality, amounts
to a foreign invasion.
I don't often share similar opinions with "Crying" Chuck Schumer, but when he stands
on the Senate floor praising President Donald Trump for a smart move, I can't help but
nod
in agreement.
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