America is On Sale

North Star Writers Group ^ | July 21, 2008 | Herman Cain

[Invisigoth]

There is a crisis that no one is talking about. It’s not the energy dependence crisis, the spending crisis in our federal government, the imaginary-though-fragile economic crisis nor the mainstream media’s it’s-not-a-crisis-but-we-are-going-to-make-it-look-like-one banking crisis.

America is being sold off to foreigners at a discount. That’s a crisis.

The latest incident of this dismantling of America was the hostile takeover of Anheuser-Busch (AB) by the Belgium beer company InBev. Most corporate merger observers saw this as just another premium payday for the stockholders of AB. But my memory of what used to be The Pillsbury Company caused me to see this transaction differently.

The Pillsbury Doughboy logo is still a marketing icon, but The Pillsbury Company as a public company is non-existent. Gone!

[Sundog]

I’ll drink to that.

[dragnet2]

America is being sold off to foreigners at a discount.

To the lowest bidder...What a shame.

American leadership from the top down has caused this disaster.

[DManA]

50 years of power grabbing and ineptitude by the Federal Government is coming home to roost. There is a war on wealth. It is taking its toll.

[jonascord]

Remember, back in the Eighties, when some Japanese bought the Empire State building? They paid twice what it was worth, and could barely make the interest payments on the sale from the income of the rentals, let alone start paying down the principle.

The Tokyo banks took it in the shorts, and were stuck with a lot of overvalued and underperforming real estate. All they could do was sell it off for what it was actually worth and write off a massive loss.

It's those memories that sustain me in these times. Some Fuzzie-wuzzie with more oil money than smarts is getting rammed, boarded and flushed, even as we speak, and he is smiling about it, since he thinks he is robbing some "stupid Yankee capitalist." I can't stop smiling at the thought.

[Red in Blue PA]

The problem is that asset values have deflated over the past several years, as opposed to the 80’s/Japanese purchases.

If you think what is happening is in any way good, I have a bridge to sell you.

[Non-Sequitur]

I think it’s more due to depressed stock prices and the tanking of the dollar than to corporate tax rates. More than he credits it for.

[pabianice]

A huge Indian company has ravaged a lot of New England towns with huge, unsustainable, damaging developments and gotten what they want through endless expensive lawsuits and paying off state legislators.

[isrul]

Some would say this is a wonderful example of the “free market”. The auction will continue with the support of the phony conservatives.

[bestintxas]

We at one time were concerned with the Japanese and most recently the Chinese. Both of these are background chaff compared with the immense amount of oil money finding its way to the Middle East.

This money, in sovereign wealth funds (i.e. - owned by the government) is far, far more problematic than American’s having to pay so much more to fill up the gas tank.

These funds will exhibit themselves in innocent transactions like the purchase of the Chrysler building but later we will wake up to find Microsoft, IBM and Ford owned by foreign governments that, although not outwardly hostile, can be viewed as possibly so in the future.

This is the reason we need to drill for our own oil and get coal and nuclear off the back shelf.

If our President would only exert himself, he could force the drilling offshore and Alaska as a national secrity measure and would bypass the liberals in Congress, daring them to overule him to lower prices and they would face the anger of the American public.