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David McCormick: “China's winning in the fight for technology.”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

Superpower in Peril: A Conversation with David H. McCormick | LIVE STREAM

Published March 21, 2023 | Video Starts at 11:04

So that's one fact that you have to reconcile. Wait a second. We've had that orthodoxy. It hasn't worked. The second one is that China's winning in the fight for technology. So there was a Wall Street Journal article a couple weeks ago. Many of you may have seen it. 37of44 Technologies identified by this Australian think tank, China's in the lead. (11:04–11:09)

CLAIM

Asserts that China is leading in technological advancements.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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David McCormick

“The country was headed in the wrong direction long before I decided to run for the Senate.”
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“America's exceptional, yet America's in decline.”
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“Decline is not inevitable, as the famous AEI Charles Krotheimer said. But neither is renewal.”
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“When 911 happened, I remember like it was yesterday.”
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“I was someone who was a very strong advocate of taking the fight to the terrorists, initially in Afghanistan and even in Iraq.”
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“Weapons of mass destruction were imminent, as I think the intelligence services said.”
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“There was an enormous expenditure of lives, resources, focus.”
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“The wrong lesson from this would be that we shouldn't be confident in using American leadership in American force to protect U.S. interests…”
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“The right lesson is one of humility and care, because the precious use of military men and women and resources comes at a cost.”
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“It's people in these rural communities. That's where the military draws mostly from.”
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“If Putin's aggression is left unchecked, that will ultimately not only reinforce his aggressive behavior in Europe, which would be…”
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“A loss by Ukraine and China will be a win with Russia, rather will be a win for not only Russia, but China.”
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“Real income stayed flat for 20 years.”
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“Open borders and fentanyl has destroyed those communities.”
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“Globalization gutted many of those communities.”
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“37 of 44 Technologies identified by this Australian think tank, China's in the lead.”
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“10 of the 20 key technologies for economic well being, but also for national security, China's in the lead.”
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“90% of the most important tech microchips in the world are manufactured 90 miles from mainland China.”
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“China has built 32 fabs. In the next decade. We've we are building one now based on the CHIPS Act.”
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“Free trade should be a critical part of driving our economy, but it shouldn't be done with such purity that we lose sight of the fact that…”
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“While I was there, like 2% of our assets were in China, but we had $160 billion.”
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“I had been really calling out since 2005 when I was in the government. I had written articles on it. I had described the technology…”
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“I think China poses an existential risk in economic terms, in national security terms.”
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“I think we have to think about this in a sophisticated way given the. It's the largest economy, the second largest economy in the world.”
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“80% of Americans thought the country was heading the wrong direction.”
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“We're in economic decline.”
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“We're in national security climb spiritually, I think we're in decline.”
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“We're teaching that in our schools, that America's not exceptional.”
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“The enormous splurge in spending, for example, that we've seen over the last two years.”
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“Covid maybe one of the good things that could come out of COVID is the degree to which parents got much more engaged in the education of the…”
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“The arguments for conservatives is for the benefit of choice advantages all kids and all parents.”
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“Teachers unions have a monopoly on our education system today.”
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“The growth in spending in education and how much of that spending is going to teachers or kids versus how much of it's going to overhead…”
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“President Trump had endorsed another candidate who had withdrawn.”
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“You can't win unless you say that 2020 was stolen.”
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“I was winning probably by eight points or something like that at the time.”
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“President Trump came out and endorsed [Mehmed] Oz a couple days later.”
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“The last two decades has essentially been a coexist strategy where we have assumed benign intentionality for the most part.”
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“We're behind from a leadership standpoint. In technology, we're threatened in the South China Sea by, by a significant military capability.”
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“A techno authoritarian model is pursuing relationships and alliances abroad that's challenging U.S. leadership.”
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“President Xi has expounded very intentionally and very openly on a strategy that is to assert China's role in the world.”
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“We have no plan for the most part to counter [China's strategy].”
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“We need to confront China by strategic decoupling of key industries.”
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“We need to hold China accountable for things like Covid, where we still haven't gotten to the bottom of, of where the virus came from…”
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“We need to have alliances with Australia, Japan and many others along these different dimensions of technology, data, military capability…”
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“China brokering the Iran, Saudi Arabia deal and also in Russia with Putin supporting the Ukraine.”
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“We're about half of what we were in 1950 as a percentage of GDP [in basic R&D].”
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“If the China had won its strategy of having pervasive 5G technology from China across the developed world and developing world, that would…”
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“We have a skilled worker problem, which is one of the reasons I try to hit that so hard in the book.”
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“We're competing against subsidized capital expenditures for these semiconductor fab sensors.”
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“We can be more independent of China, certainly, but also other countries.”
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“The pendulum has swung very much in the wrong direction. A very one sided view of history, a very one sided ideology that's by and large…”
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“Let's let the governance process determine the answer to such questions. And ultimately, if the governance process, elected school boards…”
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“I'd put my confidence in the hands of parents, by and large, parents to govern the schools, parents to make the right choices.”
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