This is another DANGER China poses to US dominance: GOP rep
By Fox Business
Key Concepts
- Government Shutdown: A temporary lapse in federal government operations due to a failure to pass appropriations bills.
- Appropriations Bills: Legislation that provides funding for government operations.
- Regular Order: The traditional legislative process of passing individual appropriations bills.
- Omnibus Bill: A single legislative package that combines multiple appropriations bills.
- "Shakedown": A term used to describe the government shutdown, implying it was a tactic to extract concessions.
- "Absurdities": Refers to what the speaker perceives as unreasonable demands from the left, such as pet projects and funding for healthcare for undocumented immigrants.
- "Boondoggle": A project that is excessively expensive and wasteful, specifically referring to direct subsidies to insurance companies.
- Obamacare: The Affordable Care Act, criticized for being a "broken program."
- Affordability: A central theme, focusing on making everyday life and major purchases (like homeownership) more accessible.
- American Dream: The aspiration for a better life, often associated with homeownership and financial security.
- Midterm Elections: Elections held halfway through a president's term, seen as a crucial opportunity for political parties.
- Power Prices/Electricity Prices: Identified as a key issue for Democrats to campaign on, linking it to cost of living.
- Energy Industry: Discussed in the context of over-regulation and its impact on production and affordability.
- Permitting Reform: Streamlining the process for approving new projects, particularly in the energy sector.
- Regulatory Reform: Reducing or simplifying government regulations, seen as a barrier to domestic production and economic growth.
- REINS Act: Legislation aimed at significantly reforming the regulatory regime.
- Unelected Bureaucrats: Individuals in government agencies who create and enforce regulations, often without direct accountability to voters.
- Bubble Energy Portfolio: A diversified energy strategy, implying a focus on various energy sources.
- Rare-Earth Minerals: Critical materials used in advanced technologies and military applications, with China holding significant dominance in their supply.
- End-User System (China): A potential Chinese policy to expedite exports of rare-earth materials to civilian companies.
- Supply Chain: The network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
- National Security: The protection of a nation's interests from threats, with supply chain dependency on adversaries being a key concern.
- Domestic Production: Manufacturing or producing goods within a country's own borders.
- Single Sourcing: Relying on only one supplier for a particular product or material, creating vulnerability.
- Critical Industries: Sectors vital to a nation's economy and security, such as pharmaceuticals and defense.
- Personal Protective Equipment (PPE): Items used to protect individuals from health or safety hazards.
- Compounded Pharmaceuticals: Medications that are specifically prepared for an individual patient by a pharmacist.
Government Shutdown and Legislative Priorities
Congresswoman Kat Cammack, a member of the Energy and Commerce Committee and House Agriculture Committee, characterized the recent 43-day government shutdown not as a shutdown, but as a "shakedown." She stated that the demands from the left were excessive, totaling "$1.5 trillion in absurdities," which included funding for "pet projects" and "$1 billion for healthcare coverage in illegals." A specific point of contention was the "$400 boondoggle direct subsidies to insurance companies," which she described as a "cover-up for a broken program that the Democrats made years ago," referring to Obamacare. Cammack believes the American people recognized the situation for what it was. She noted a positive market trend with AI and tech stocks and the Federal Reserve lowering rates, suggesting things were "getting back on track" due to President Trump's desire to "drive affordability back into our everyday lives." She views the left's actions as a "desperate attempt" and asserts that Republicans are focused on "moving ahead and delivering on the promises of affordability, the American Dream and making it great again."
Regarding the possibility of another shutdown at the end of January, Cammack expressed caution, stating, "I been around long enough to know that you can't take anyone to the bank in Washington." She highlighted that three appropriation bills had been passed and expressed a desire to see the remaining nine get through. She emphasized the importance of returning to "regular order," which would be the first time in "30 years plus" if appropriation bills are passed through the Senate. She criticized the current system of "CRS and OMNIBUS and CALM the BUS," deeming it detrimental to the "long-term health of the economy." Cammack is "cautiously optimistic" that the "ridiculous shutdown" will not occur again in January.
Affordability and Energy Prices
Looking ahead to the midterm elections, Cammack noted that Democrats are positioning "power prices" as a winning issue, intending to "hammer Republicans over electricity prices." She cited that electricity prices have risen "better than 5% from a year ago," outpacing general inflation. The left is strategizing to use this as part of their broader push for affordability, framing it as not just about "electric power" but "economic power" and a "cost-of-living issue."
Cammack countered by stating that the left is responsible for "brok[ing] our energy industry" through "over-regulating people out of the market" and driving down production. She criticized the "permitting reforms that we attempted for years" which have been "stonewalled and blocked every step of the way." She believes that for the "last four years," the focus was on the wrong things, and that Republicans have been "picking up their mess since Donald Trump sworn into office."
Key priorities for Republicans, according to Cammack, include implementing "permitting reform" and "regulatory reform." She specifically mentioned the REINS Act, which she described as the "most largest reform of the regulatory regime that we have seen" in American history. She highlighted that taxpayers spend "$2.5 trillion is what we spent every single year" on enforcement and compliance with regulations, and that these regulations are often imposed by "unelected nameless bureaucrats in Washington." Cammack argued that combining "permitting reform with regulatory reform, a real focus on a bubble energy portfolio" will "drive down cost."
The concept of the "American Dream" is intrinsically linked to affordability, especially for millennials and younger generations who may find it "unattainable." Cammack emphasized the need to discuss homeownership and driving down rates to make it "possible." She stated that President Trump and Republicans are committed to making this happen.
China's Dominance and Supply Chain Security
The discussion then shifted to China's escalating "rare-earth battle" against the United States. Beijing is considering an "end-user system" to fast-track exports of rare-earth materials to civilian companies, potentially impacting U.S. military suppliers. Cammack views this as another example of the "danger that China poses to U.S. dominance." She pointed to U.S. dependency on China for "national telecommunication," "supply chain," "pharmaceuticals," and now "magnets and burgers" (likely a misstatement for minerals), which makes the U.S. "weaker."
Cammack stressed the need to "beef up the critical minerals list," noting that the President recently added phosphate, which is crucial for agriculture. She advocated for a fast and streamlined process for domestic production of these minerals. She also called for President Trump to "remain tough on China." The U.S. is dependent on China because "we haven't opened up the market domestically enough" and have "regulated ourselves out of business." She suggested looking into other areas to bolster production and avoid "single sourcing" for critical minerals and magnets essential for the defense industry. This aligns with President Trump's agenda of "getting the supply chain to America" and making deals with countries like Japan, Australia, and Kazakhstan. Cammack reiterated that this is a matter of "national security."
The dependency on foreign adversaries for critical industries was further illustrated by the COVID-19 pandemic's impact on basic PPE and the fact that "100% of our pharmaceuticals are compounded overseas in China." Cammack highlighted the vulnerability in the military sector, where there is "only a single manufacturer that supports over 65 platforms in the military." She stated that the mining capabilities exist in the U.S. but have been "regulated out of business," underscoring the importance of "regulatory reform and overhaul," "streamlining permitting," and addressing "tax issues." She concluded by emphasizing the urgency of these actions, as it "takes time to scale."
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