McCormick Talks Embracing Crypto, Slams Biden & Casey’s Radical Spending Priorities

‘We are in the next great wave of innovation with crypto and blockchain’

HARRISBURG, PA. — Dave McCormick, a combat veteran and Pennsylvania job creator who served in the highest levels of government, joined Bloomberg TV’s Bloomberg Markets. During the interview, McCormick discussed the importance of crypto and blockchain innovation, Joe Biden and Bob Casey’s radical spending priorities, and Iran’s funding of terrorism. 

Click below or HERE to watch.

On embracing crypto and blockchain innovation and the need for Congress to act

“I think it’s good economic policy, but it’s also good national security policy… We are in the next great wave of innovation with crypto and blockchain. If America doesn’t embrace it, we’re going to be left behind. By embracing it, we can create great jobs… [I] encouraged lawmakers [in my op-ed] to lay out a regulatory framework that will allow innovation to continue.” 

On how Biden and Casey have wrecked the economy and made America more dependent on the Chinese Communist Party

“[Joe Biden and Bob Casey’s] policies have made us, ironically highly dependent on China, because 70% of lithium batteries and 80% of solar panels are manufactured in China. So in one fell swoop the Biden administration’s economic agenda has driven up inflation and made us more dependent on our primary adversary.”

On Joe Biden and Bob Casey’s radical spending priorities that have driven up inflation 

“The primary driver of the inflation we had has been the spending policies of Biden. Republicans and the Democrats have been spending too much… But what’s happened under Biden is $6 trillion of spending. If you think about the types of spending — you can talk about $173 billion of loan forgiveness, which is absolutely in my opinion, un-American and unfair, or you can talk about tax cuts that are going to benefit all Americans and all Pennsylvanians.”

On standing with Israel and Bob Casey’s support for the disastrous Iran Deal

“[Israel is] absolutely being attacked from all sides by these proxies that are underwritten by Iran. The original sin — the thing that put us in this position — was President Obama’s deal in 2015 to give back $100 billion of sanctioned money. The deciding vote on that was Bob Casey, my opponent in the Senate race. That money is being used to underwrite terrorist groups: the Houthis, Hezbollah, Islamic Jihad, and of course, Hamas.”