Washington DC – US Senator Marco Rubio (R-FL) joined Special report to discuss the Beijing Olympics, the anniversary of China’s membership in the World Trade Organization, the awakening of business, the weakness of the Biden administration and its relationship to the former President Trump. See below for the highlights and watch the video here.
On the U.S. diplomatic boycott of the Beijing Olympics:
“Well there [are] two things at stake here. Obviously, the first is to do the right thing. To the right? I mean naming these things should matter no matter how powerful this country is or how geopolitically it is. But the other thing is that there is some pretty clear evidence of our economy’s dependence on China. When I say our economy, these are the things we buy in stores. These are also our societies.
âI mean, we have big, very influential and powerful organizations in our country and the business sector that depend on access to the Chinese market and production in China for their results. It is too precious for them to put it in jeopardy now. I think that’s true for the National Basketball Association. I think that has been true for Nike, for Apple and a whole bunch of others and that includes, I imagine, NBC as well, with the coverage of the Olympics. If their coverage goes out of bounds, they could very well be banned from sending journalists there to cover a sports competition.
“I think what we’re seeing here is proof of the depth of the intertwining [China] has become with our economy and what control it gives them over what we can see, watch, buy, how much we pay for things and what our businesses are willing to say.
On former President Bill Clinton’s 2000 speech on adding China to the World Trade Organization:
âI believe this speech took place about 20 years ago this very week. When you listen to these words now, that is actually not what happened. What we have done is exported jobs. We sent American jobs, American manufacturing capability. We exported it to China. China took it.
âThey made our businesses dependent and in many cases they actually stole the secrets of those businesses. And now those companies are gone because China is doing it instead. It made us incredibly addicted [on China] produce all kinds of things to lean on, including to defend our country.
âChina has also become a place where we now have a financial market. [We have] a stock exchange and a Wall Street whereâ¦ large American investment fundsâ¦ invest in companies that develop weapons that will one day be potentially designed and intended to kill American military personnel. And this is the result of the last 20 years. It was a bad decision based on wrong assumptions and now we are seeing the consequences. “
On awakened societies working with China:
âAt the end of the day, you have to understand that all of these publicly traded companies have quarterly reports. If they are kicked out of China, their profits will go down, their costs will go up, and they’ll be held accountable to their shareholders.
âThey are basically now in a trap. A trap that creates a situation in which we have American companies profiting from being here in the United States with our laws and our system. American companies that now consistently advocate policies that are good for China and bad for America because of what that would mean for their bottom line.
âIt’s a very difficult situation to resolve now. We must. We have no choice. It cannot continue on this trendline or the world will be very different 10 or 20 years from now. ”
On the weakness of the Biden administration:
“[I think the Biden administration is] weak on China because they are divided. There are people who recognize this threat. I think there are others who are practitioners and believers in the failure of the bipartisan consensus that got us to this point.
âThen you have John Kerry, which is a breed in its own right. He wants to strike a climate deal with China. He doesn’t want to say or do anything that forces or creates a ruckus with the Chinese because he hopes his legacy in life will be to make a deal with the Chinese on climate change, which by the way, the Chinese won’t keep not because they don’t keep any deal that’s bad for them.
On the potential of former President Trump running for president in 2024:
âI don’t know. You’ll have to ask him. I mean, I believe if he runs he’ll be the party’s candidate. He’s the best-known and most popular Republican among Republicans across the country. “Have no idea what he’s going to do. He doesn’t have to make that decision now.”
On his relationship with former President Trump:
âLook, I would tell people that when President Trump was President of the United States, I did a lot of good things for Florida and for our country. We had a very good working relationship.
âIn the end, we didn’t agree on everything, but he always seemed to respect that. I don’t believe he has said a single negative word about me since the day I stopped running for President.
âWe’ve had a good working relationship, which is possible with people you don’t agree with 100% of the time. I give it a lot of credit on China. The orthodoxy that the Republican Party and much of our politics was not what it is [today]. It was something very different and he challenged that as a candidate and I think he deserves credit for it. “