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Nolte: ABC Fails to Fact-Check Hunter Biden’s Claim of ‘Not One Cent’ from Chinese Govt. Deal


Written by John Nolte | 

URL of the original posting site: https://www.breitbart.com/2020-election/2019/10/15/nolte-abc-fails-to-fact-check-hunter-bidens-claim-of-not-one-cent-from-chinese-govt-deal/

Hunter-Biden-interview-5577c-abc-ps-191014_hpMain | ABC News

ABC News allowed Hunter Biden to get away with the claim he did not make “one cent” from his company’s mega-deal with a Chinese bank that is a subsidiary of the Chinese government — when its own past reporting has said just the opposite.

During the sit-down interview, ABC’s Amy Robach set up the segment about Hunter’s China deal with the background on President Trump’s desire to look into Hunter’s shady $1.5 billion — with a “B” — deal with the Chinese bank (starts at around 5:03)::

ROBACH: Also on Trump’s list of accusations against Hunter Biden: that Hunter flew on Air Force Two with his father during an official government trip to China in 2013, leveraging that connection for financial gain in an investment deal with Chinese businessman Jonathan Li.

What Robach’s question omitted is that the deal was not just with an individual businessman but with the Bank of China — a subsidiary of the Chinese government itself.

She then asks Hunter directly:

ROBACH: The president has repeatedly said you have received $1.5 billion, despite no experience and for no apparent reason. Obviously fact checkers have said that that is not true.

HUNTER: This literally has no basis in fact in any way.

ROBACH: Have you received any money from that business dealing?

HUNTER: No.

ROBACH: At all?

HUNTER: Not one cent.

ROBACH: Definitely not 1.5 billion.

HUNTER: It’s crazy. They feel as though they have the license to go out and say whatever they want.

Hunter is then allowed to trash Trump and his family as liars while Robach, who has just lauded fact checkers and their fact checking,  says nothing about the fact that — and this is important — according to her own network’s reporting,  and Hunter’s own attorney, Hunter has a ten percent stake in BHR, the company that made that mammoth $1.5 billion China deal.

Just a few months ago, ABC aired an in-depth report on Hunter’s shady business dealings that included this nugget (starts at about the 2:00 minute mark):

This video shows Chinese diplomats greeting Vice President Biden as he arrives in Beijing in December of 2013. Right by his side? His son Hunter. Less than two weeks later, Hunter’s firm had new business, creating an investment fund in China, involving the government controlled Bank of China, with reports they hopes to raise $1.5 billion. Hunter still plays a role in the fund. His lawyer says his stake is worth about half a million dollars.

Where was Robach’s followup question? Where was her oh-so-vital fact checking? Why did she let him get away with saying “not one cent” when her own network reported just a few months ago that he had equity in the firm that made a massive $1.5 billion deal?

Obviously, Hunter is playing a semantic game with that “not one cent” comment. Hunter’s attorney appears to do the same in a statement he released just two days ago, on October 13, 2019:

Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President. He served only as a member of its board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets. It was an unpaid position.

To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.

So Hunter hasn’t “received” “one cent” because there has been no payout to investors. There was no direct commission for that deal, which dum-dums would obviously suspect like he’s a bottom-run sales rep. But here’s the rub, according to no less than FactCheck.org: Hunter might not have been paid “one cent” yet, but he is still could be looking at an eventual payoff that hits the $20 million mark:

[Hunter’s lawyer George] Mesires told the New York Times that while Hunter Biden now has a 10% stake in BHR, which he acquired through a company he created named Skaneateles LLC, “there have been no distributions to the shareholders since Hunter has been an equity owner.”

But that doesn’t mean Biden won’t eventually make millions from the deal. Steven Kaplan, who conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business, told us that a private equity fund with $2 billion under management will typically generate fees over its life of hundreds of millions of dollars.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Kaplan told us via email. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B.  The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”

Kaplan pointed to two large publicly traded private equity firms for reference, both of which have a market value of about 10% of the assets under their management. Using that as a rough guide, that would put the value of Hunter Biden’s share closer to $20 million, he said.

Basically, it looks as though Hunter claiming not have made one cent off the China deal is like a CEO claiming he was not paid one cent to run a company because his compensation came from stocks or bars of gold or pearls or the gift of a home. But the fact is this: any deal that increases the value of the company that Hunter Biden has a stake in — and a $1.5 billion deal with a bank owned by one of the world’s biggest economies does just that — is a deal where Hunter Biden has a financial interest.

Maybe ABC will reveal Hunter’s semantic dishonesty when the rest of the interview airs later tonight. Maybe Robach will ask him what he has “earned” or “gained” as a result of the deal, rather than “received.” If not, it is a gross dereliction of duty on the network’s part. And all of this comes just one day after ABC was caught presenting 2014 video from a Kentucky gun range as video of  Turkish military operation against the Kurds.

Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Sloppy Fake News

The New York Times is the Democrat party propaganda of record with news fit to damage Trump and the Republicans and are smearing Justice Kavanaugh again.
New York Times Smears KavanaughPolitical cartoon by A.F. Branco ©2019.
The Democrat’s lie that they aren’t for gun bans and confiscation was blown out of the water by Robert Francis O’Rourke (Beto) during the debate. Political cartoon by A.F. Branco ©2019.

See more Legal Insurrection Branco cartoons, click here.

An adult children’s Book for all ages APOCALI NOW! brilliantly lampoons the left order  HERE

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

The CIA Scolds CNN Over “Misguided Speculation”


Posted by  | September 11, 2019

URL of the original posting site: https://thepatriotchronicles.com/news-for-you/the-cia-scolds-cnn-over-misguided-speculation/

CNN was trying to come down on their favorite target President Trump by claiming he mishandled classified information. The Fake News Network then went on to say that Trump’s actions led to the extraction of a spy within the Russian Government. The CIA saw CNN’s lies and publically berated them as they were wrong on multiple levels.

CNN’s narrative that the Central Intelligence Agency makes life-or-death decisions based on anything other than objective analysis and sound collection is simply false,”CIA Director for Public Affairs Brittany Bramell said in the agency’s statement.
Bramwell continued: “Misguided speculation that the President’s handling of our nation’s most sensitive intelligence — which he has access to each and every day — drove an alleged exfiltration operation is inaccurate.”

Watch The Clip Below. 

The New York Times also contradicted CNN explaining that if anyone was responsible it was the media not the Trump Administration.

“Former intelligence officials said there was no public evidence that Mr. Trump directly endangered the source, and other current American officials insisted that media scrutiny of the agency’s sources alone was the impetus for the extraction.”
“The government had indicated that the source existed long before Mr. Trump took office, first in formally accusing Russia of interference in October 2016 and then when intelligence officials declassified parts of their assessment about the interference campaign for public release in January 2017. News agencies, including NBC, began reporting around that time about Mr. Putin’s involvement in the election sabotage and on the C.I.A.’s possible sources for the assessment.”

CNN’s latest slight was not only inaccurate it was also reckless.

In their fervor to blame President Trump for mishandling classified information, CNN potentially risked lives,” a source familiar with the matter told The Daily Wire. “They had multiple on-the-record quotes from Administration officials telling them. Their story was not only wrong, but irresponsible and dangerous, and CNN decided to run with it anyway.”

So CNN in an effort to bash Trump endangered American intelligence agents. Maybe it’s time for CNN to rethink what they report as their fake news is starting to become life-threatening.

 

THREE New Politically INCORRECT Cartoons by A.F. Branco


A.F. Branco Cartoon – Changing of the Guard

The Democrat party was once called the party of JFK, but as they further to the left, they’re starting to look more like the party of AOC.

The Party of AOCPolitical cartoon by A.F. Branco ©2019.

A.F. Branco Cartoon – Pet Smart

Stephanopoulos interviews President Trump on a Hypothetical situation involving foreign oppo-research, and now the left is in fake outraged mode again, not having a problem with Hillary’s collusion with Russia and the Steele dossier.

Stephanopoulos, Foreign Oppo-ResearchPolitical Cartoon by A.F. Branco ©2019.

A.F. Branco Cartoon – Happy Birthday Mr. President

Trump turns 73. Happy Birthday Mr. President with a cake complete with fake news candles.

Trump 73rd BirthdayPolitical Cartoon by A.F. Branco ©2019.
See more Conservative Daily News cartoons here

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been seen all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and most recently President Trump.

CNN Desperate: Hires Conservative to Save Political Face


Reported By Tiffany Layne |

#TeamKJ; #KevinJackson

CNN is desperate to save face, or cover their ass. Either way, they’ve done the unthinkable.

Honestly, I’d love to be a fly on the wall when CNN told staffers a conservative was coming on board. Ironically, CNN felt the need to make this drastic change before heading into the 2020 election, after spending two years basically bragging about their left-bias. It’s an interesting strategy to say the least.

Jewish World Review writes:

Sarah Isgur, a longtime Republican spokesperson, will join the network to help direct its political coverage, including the Democratic primaries and Trump’s reelection campaign, the network confirmed on Tuesday.
The hiring, first reported by Politico, is unusual for a number of reasons. Isgur hasn’t worked in journalism, and has no experience managing a TV news operation. She has spent the bulk of her career as a Republican advocate, working in behalf of such candidates as Mitt Romney, Ted Cruz and Carly Fiorina and the Republican National Committee.
Most recently she was the spokeswoman for the Justice Department, under Attorney General Jeff Sessions, whom Trump forced out in November.

Is the Trump Hate Wearing Thin?

The Leftist media has been a problem for Republicans for a long time. However, since Trump’s campaign, CNN has become the foremost offender, spreading a false narrative at every turn. Even when Trump successes are undeniable, CNN looks for a way to ignore the triumph or give someone else the credit.

The most laughable attempt happens when CNN pretends Obama’s actions created Trump’s economy. Of course, anyone with a brain the size of a marble knows Obama destroyed our economy. And Trump more than restored it.

Yet, CNN repeatedly feeds viewers a negative narrative about Donald Trump. But unlike other presidents, Trump tackles the criticism head-on.

Tense White House Coverage

CNN’s White House coverage is inexplicably dramatic. No one can forget the moment Jim Acosta’s gross misconduct led to suspended press credentials. Acosta thought his behavior would be overlooked, but my grandfather used to have a saying. “Don’t take a knife to a gun-fight,” which is exactly what Acosta did when he challenged Donald Trump.

Even though Acosta’s credentials were restored, Trump quickly put measures in place to permanently rid the White House of Acosta’s biased coverage.

But even when CNN is called out for spreading vicious lies, they don’t care. In fact, CNN’s Jeff Zucker once bragged that insults from Donald Trump boost ratings.

Last year, CNN ignored a wake-up call.

As Kevin Jackson pointed out:

CNN didn’t make the Top Ten networks in primetime viewers for the week of March 6, according to the latest report from Nielsen Media Research.

It was the first time CNN felt the consequences of their shoddy reporting. Kevin went on to write:

Sure all presidents create news, but nobody does it better than Trump.
Even when the president blasts CNN as “fake news” in their ongoing feud, that’s news. And as President Trump proves, putting the network on blast has bad consequences…for the offending network.
In the latest Neilsen rankings, CNN ranked No. 11 in total prime time viewers, losing to No. 3 ranked MSNBC for the 7th week in a row. The top five networks in prime time were Fox News, ESPN, MSNBC, HGTV, and Discovery, respectively.
Speaking to the Wall Street Journal recently, Zucker admitted that critics accusing the network of mainstream media liberal bias were accurate. He commented that this year CNN has been striving to make changes to be more fair and balanced.
“I think it was a legitimate criticism of CNN that it was a little too liberal…We have added many more middle-of-the-road conservative voices to an already strong stable of liberal voices.”
Apparently, CNN no longer boasts about their disdain for President Trump. I suspect you will see Zucker fall on the sword a few more times this year before his fate finally sinks in.

We expected the tide at CNN to start turning once ratings plummeted.

But apparently they needed an entire year for it to fully sink in. The mainstream media is no longer held in high regard. Instead, the network is the butt of many jokes.

As for Acosta, he can barely say White House without crying. Just last week, he was on air, whining about the supporters of Donald Trump. Apparently, he claimed his life was in jeopardy. Of course, that too was #FakeNews.

Obviously Acosta isn’t the only CNN offender.

We could write ten chapters on Don Lemon and his scandalous stupidity. But in the interest of time, let’s just say Lemon doesn’t ever give the President the benefit of the doubt. He takes every possible opportunity to jab the president, sometimes storming off stage in a fit a drama queen rage.

I’m guessing these antics are no longer enough to fuel ratings at CNN. The public is growing tired of the mainstream media bias. Thus, CNN was forced to take drastic measures. Now, with Isgur on board, CNN’s narrative will be forced to include a more balanced perspective.

It’s a sad day when offering the truth is considered drastic, but CNN didn’t earn the #FakeNews moniker for their honesty. It will be refreshing, or at least entertaining, to see what happens when a conservative shakes things up.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Flocking Together

ABC, CNN, NPR, CBS, NBC, and PBS like birds of a feather flocking together, parroting the same Fake News stories such as Covington Catholic kids, Trump told Cohen to lie, and Trump is a Russian Agent.

Mainstream Media Parrot Fake NewsPolitical Cartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

A.F. Branco 2019 13-Month Calendar <—- Order

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been seen all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as James Woods, Sarah Palin, Larry Elder, Lars Larson, and even the great El Rushbo.

On-Scene MSNBC Reporter Tells The Truth About The Migrant Caravan On Air — Will He Be Fired?


Written by Wes Walker on November 27, 2018

What do reporters look like before they become jaded and conformist? Like this guy, reporting the facts on the ground. But could honesty like this endanger his job? Media bias isn’t about what you TELL people, it’s also about the details you carefully ignore. A good example of that is how the media outrage over children being ‘snatched from mother’s arms’ at the border began in response to a single photo pushed by an Obama insider.

It was that photo of children sleeping in a glorified kennel. One problem — it was taken while Obama was in office. And yet, somehow, Trump got to be the lightning rod for the angry media outrage, and the politicians on the Left… how convenient for them.

Here we have a reporter walking among the migrants in the Caravan making political waves in Tijuana which unexpectedly broke out into what Rush calls a ‘random act of journalism’.

One part of it is just fine, from the perspective of that well-worn ‘sweet immigrants hoping for a better life’ narrative. He shows the audience that yes, indeed, there are women and children present. But he keeps on talking.

That is exactly the point that has been made by the Right, both with respect to this ‘caravan’ and also the swarm of humanity flooding into Europe for the last few years. For example: Hundreds Of ‘Sweet Refugees’ Storm Spain’s Border – Attack Cops With Acid

We’re not seeing impoverished women, children and the aged fleeing some war-torn hellhole. We’re seeing men making a play to climb the social ladder and get a better income. We can’t blame them for wanting a shot at the American Dream but that does NOT meet any criterion of seeking ‘asylum’.

Will this honest reporter get sat down and have the business side of journalism explained to him? Will he out on his ear? Or will his next assignment be somewhere in the Antarctic reporting on the condition of polar ice sheets?

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