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A BAD DEAL FOR AMERICAN SECURITY...
Huawei Technologies whose CEO was a high-ranking member of The Peoples Liberation Army of China wants to grab American based company 3COM... The deal was brokered by Bain Capital, a Boston-based private equity firm co-founded by GOP Presidential Candidate Mitt Romney...Joe Webb
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To resuscitate the TV sitcom Happy Days, the show’s main character, Arthur Fonzarelli, was aquatically clad in a swim suit, white tee-shirt, and leather jacket and filmed performing a harrowing water ski jump over a shark. Though “The Fonz” pulled it off, the network pulled the plug on Happy Days. Subsequently, any inane attempt to prevent a show’s cancellation by scripting an absurd scene which only serves to end an audience’s willing suspension of disbelief has been colloquially deemed “jumping the shark.”
But what does one call a situation where a U.S. governmental entity willfully suspends its disbelief communist China is a strategic threat and, ergo, appeases it with the sale of sensitive technologies currently employed in defending our computer systems from cyber warfare and espionage? I suggest we call it “dropping the shark.”
The Committee on Foreign Investment in the United States (CFIUS) must review and block Bain Capital and communist China’s Huawei Technologies’ acquisition of a significant stake in the 3Com Corporation. If approved, Bain Capital and communist China’s Huawei Technologies’ stake in the 3Com Corporation will gravely compromise our free republic’s national security. The 3Com Corporation is a world leader in intrusion prevention technologies designed to protect secure computer networks from hacker infiltration. To date, the United States Department of Defense (DoD) extensively utilizes 3Com Corporation’s intrusion prevention technologies. Thus, in the wake of this year’s successful cyber warfare by the communist Chinese People’s Liberation Army (PLA), in which they hacked into one of our DoD’s and one of the German Foreign Ministry’s computer networks, approving this sale would be an abject abnegation of CFIUS’ duty to protect America’s vital defense technologies from enemy acquisition. (redstate.com)
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