WHYY: David McCormick Claims He Created ‘Hundreds Of Jobs’ In Pennsylvania. Records Suggest Otherwise

Keystone: Dave McCormick Invested In Chinese Fentanyl Before Wanting To Ban It During Campaign 

PENNSYLVANIA - On July 11, 2024, Allegheny-Fayette Central Labor Council President Darrin Kelly continued the Don’t Trust Dave Tour to call out new reporting detailing David McCormick’s long record of selling out Pennsylvanians – from laying off hundreds of workers in Pittsburgh to investing over a million dollars in the biggest fentanyl producer in China.

“Dave McCormick has a proven track record of killing and downright outsourcing good paying jobs — that is something that you cannot hide from,” said Allegheny-Fayette Labor Council President Darrin Kelly. “We want a leader who is going to fight for us, not a proven job killer. McCormick had his chance and he chose to eliminate hundreds of jobs in Pennsylvania. Facts speak louder than words. America first is not a punchline, it’s a way of life for us, and when you go against that, you don’t get a second chance.”

“It is beyond the pale and utterly disqualifying that David McCormick profited from Pennsylvania’s fentanyl epidemic with investments in China’s largest fentanyl manufacturer,” said City of Philadelphia Councilman Jim Harrity. “McCormick has only ever worried about his own bottom line, and this time, his profit was Pennsylvania’s pain.”

“David McCormick has lied about living in Pennsylvania, his anti-choice agenda, standing up to China, and now he’s lying about being a job creator and keeping fentanyl out of Pennsylvania,” said Pennsylvania Democratic Party Executive Director Mitch Kates. “The truth is he eliminated hundreds of Pennsylvania jobs as a CEO in Pittsburgh and profited off Pennsylvania’s fentanyl epidemic that has killed thousands.”

Read More About McCormick’s Record of Putting Profits Over Pennsylvanians: 

David McCormickeliminated hundreds of jobs in Pittsburghas the CEO of FreeMarkets.

                   -- McCormick pursued a merger that led to250 layoffs in Pittsburgh.

- The company made clear its intent was to save money by reducing “redundancies.”

- McCormick told a court thatjob losses were expected.

- McCormick profited “quite well” from the merger.

- As CEO of the world’s largest hedge fund, David McCormick invested in the biggest fentanyl producer in China.

                   -- McCormick led Bridgewater Associates, the world’s largest hedge fund, while itinvested nearly $1.7 millionin China’s largest fentanyl producer.

                                  --- China is the source of the vast majority of the fentanyl that Mexican drug cartels traffic into the U.S. 

- The same year McCormick made millions from these investments, fentanyl killed more than 4,000 Pennsylvanians and fentanyl seizures in Pennsylvania increased by 346%.