Tags: tsp | ccp kudlow | scalia

Trump Channels Reagan on Thrift Savings Plan

us president donald trump at the white house

U.S. President Donald Trump at the White House, in Washington, D.C. (Photo by Mandel Ngan/AFP via Getty Images)

By Tuesday, 12 May 2020 05:10 PM Current | Bio | Archive

Donald Trump channeled his inner Ronald Reagan Monday.

When President Trump learned recently that American servicemen and women and other federal government employees’ retirement funds were about to be invested in Chinese Communist Party companies, he said, "This needs to stop."

And yesterday, his order was faithfully executed by no fewer than three senior subordinates — National Economic Council Chair Lawrence Kudlow, National Security Advisor Robert O’Brien and Labor Secretary Eugene Scalia.

The message they collectively sent to the board that manages the Thrift Savings Plan could not have been more clear: Chinese companies are unacceptably risky. Some enable malevolent CCP activities that repress the Chinese people and threaten ours. And none conform to our nation’s requirements for transparency, accountability and disclosure.

The Gipper’s worthy successor, Donald Trump, has sent a powerful message to Beijing.

And Wall Street is on notice, too.

Frank Gaffney is the Founder and Executive Chairman of the Center for Security Policy (CSP) in Washington, D.C. , a columnist for The Washington Times, and host of the nationally syndicated program, Secure Freedom Radio. Mr. Gaffney formerly acted as the Assistant Secretary of Defense for International Security Policy during the Reagan Administration, following four years of service as the Deputy Assistant Secretary of Defense for Nuclear Forces and Arms Control Policy. Previously, he was a professional staff member on the Senate Armed Services Committee under the chairmanship of the late Senator John Tower, and a national security legislative aide to the late Senator Henry M. Jackson. Frank Gaffney, Jr. is president of the Center for Security Policy (CSP)Read more reports from Frank Gaffney, Jr. — Click Here Now.

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The message collectively sent to the board that manages the Thrift Savings Plan could not have been more clear: Chinese companies are unacceptably risky.
tsp, ccp kudlow, scalia
269
2020-10-12
Tuesday, 12 May 2020 05:10 PM
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