Irony: A Clinton ad mistakenly using a factory sold out during Clinton era.

Video of the Indiana ad is at the link. Here is the transcript:

Hillary Clinton:
Right here over 200 Hoosiers built parts that guided our military’s smart bombs to their targets.
They were good jobs, but now, they’re gone to China.
And now America’s defense relies on Chinese spare parts.
George Bush could have stopped it, but he didn’t.
As your president, I will fight to keep good jobs here, and to turn this economy around.
I’m Hillary Clinton and I approve this message because American workers should build America’s defense.


Here is the truth:


The Magnequench factory (originally known as UGIMAG) was sold in August 2000 to a consortium that included Chinese interests. In 2001, it was announced the plant would be shut down.

In 1995, Beijing San Huan New Material High-Tech Inc. and China National Non-Ferrous Metals Import & Export Corporation partnered with investment firm the Sextant Group Inc. to acquire Magnequench and established the new entity as Magnequench International Inc.

The 1995 sale required approval from the Committee on Foreign Investments in the U.S., or CFIUS. The CFIUS is an inter-agency committee chaired by the secretary of treasury, tasked with conducting reviews of foreign acquisitions that might threaten national security