PennLive Opinion: “As a Hedge Fund CEO, McCormick Outsourced Pennsylvania Jobs to China. As Senator, He’d Be Even Worse”

Williamsport Sun-Gazette Letter to the Editor: I Joined the Moms Oppose McCormick Coalition Because I’m Not Going To Let a Carpetbagging Millionaire Make Decisions for Myself and My Children

PENNSYLVANIA — Pennsylvanians are calling out Connecticut hedge fund CEO and mega-millionaire David McCormick for lying about being a job creator following a recent report from the Associated Press exposing McCormick’s record of investing and managing millions with China.

McCormick is also getting slammed for wanting to repeal Social Security and Medicare benefits for thousands of Pennsylvanians and for being out-of-touch.

Here’s What Pennsylvanians Are Saying:

PennLive Opinion: As a hedge fund CEO, McCormick outsourced Pennsylvania jobs to China. As senator, he’d be even worse

• Maybe you’ve seen the ad: A former hedge fund CEO accused of investing and profiting off Chinese fentanyl and outsourcing Pennsylvania clean energy jobs in the name of corporate greed. It’s so outrageous that you might want to write it off a September election year hyperbole. Except that you can’t. Because Dave McCormick’s recent statements and record – all available to the public – make it true.

• Finance is a numbers game so let’s look at the numbers: In McCormick’s tenure (2017-2021) as CEO at Bridgewater, they managed roughly $162 billion in assets while charging exorbitant fees from Pennsylvanian state workers’ paychecks and Pennsylvanian taxpayers. In that time, he outsourced hundreds of jobs to China and invested over $1.7 million in Chinese-production of fentanyl.

• It gets worse.

• In his senate campaign, McCormick talks about why he wants to turn back and repeal major investments in Pennsylvania infrastructure, community, and families. That won’t help Pennsylvanians – but it will help China.

• McCormick’s stated goal of repealing the Bipartisan Infrastructure Law would stop the two Pennsylvania Hydrogen Hubs now. It would block good union jobs and communities (and companies – since that’s what McCormick cares about) that are counting on those hubs for cleaner and reliable energy. It outsources those jobs to China – where they obviously will not enjoy the labor protections that we have here. Pennsylvania and the United States will lose its edge in energy exports.

• McCormick’s repeals would also remove the $35 cap on insulin. It would raise energy prices. It will raise car prices. It will raise childhood asthma rates. Maybe if you travel by private jet, none of that matters – but it matters to at least 346,000 Pennsylvanians that are paying hundreds of dollars less for health care Marketplace premiums.

• [McCormick] has no vision of how to lead Pennsylvania because his only legacy has been how to line his own pockets at the expense of everyone else.

• Infrastructure, energy resources, retirement security, public schools, public schools, jobs – these are all keys to our value of a common good – and that’s why Pennsylvania is a commonwealth – not a hedge fund asset to liquidate.

PennLive Letter to the Editor: Vote to protect our healthcare this election season

• [McCormick] supports Republican proposals to repeal Medicare’s ability to negotiate drug prices. He supports proposals to make Medicare Advantage the default enrollment option “for people who are newly eligible for Medicare,” which would gradually phase out traditional Medicare.

• McCormick supports former president Donald Trump’s plan to replace the Affordable Care Act with his “concept for a plan.”

• Sen. Casey has experience in this area. He serves on the Committee on Health, Education, Labor and Pensions and on the Committee on Finance. He has vowed to maintain and improve the current Social Security and Medicare programs. He favors protecting and expanding the ACA to provide health care for all Pennsylvanians.

• If you are one of the 329,000 Pennsylvania residents on Social Security or the $2.8 million on Medicare, the choice is obvious. Re-elect Sen. Bob Casey Jr. For your health. For our health.

Williamsport Sun-Gazette Letter to the Editor: Oz 2.0

• Take a hint, Dave – Pennsylvania doesn’t want an out-of-state, out-of-touch, hedge fund millionaire making decisions for us.

• Especially not one who would limit our reproductive freedom, is against lowering prescription drug costs, and one who has defended greedy corporations at the expense of working families.

• He wants to give tax breaks to his ultra-wealthy Wall Street friends. He thinks he can buy Pennsylvania’s votes, but we won’t let him. We will keep fighting for progress and for true Pennsylvanian values.

• I joined the Moms Oppose McCormick coalition because I’m not going to let a carpetbagging millionaire make decisions for myself and my children.

• And, on Election Day, we will finally send Dave McCormick back to his Connecticut mansion for good!