Weak Dollar Fuels China's Buying Spree Of U.S. Firms

WashingtonPost ^ | 01/28/2008 | Ariana Eunjung Cha

[steelboy]

The U.S. dollar is getting weaker and weaker, and many medium to small U.S. companies are in economic crisis. So they need investments from China. It is very good timing," said Yu Dan, a representative for the state of Pennsylvania in China

[JudgemAll]

Don’t you love our antitrust laws... they don’t apply to China. We can’t enforce them on the PRC.

Thank dumbocrap Roosevelt for this.

[John Robie]

Hunter was the only candidate to address the PRC threat.

[NoCountryForLiberals]

This reminds me of the evil Mr Potter character in ‘It’s a Wonderful Life’ getting scooping up bargains when there was a run on the savings and loan. Or possibly browback from the Federal Reserves’ loosing control on inflation and weakening the dollar.

[NoCountryForLiberals]

But aren’t they just being good capitalists buying bargains like the stock touters (sp?) say to do on dips?

[bruinbirdman]

"The $3 billion stake that China Investment Corp. bought in Blackstone last May, for instance, is now worth closer to $2 billion."

yitbos

[NoCountryForLiberals]

Repeat after me globalism is good, globalism is good...

[sushiman]

What’s good for the goose is good for the gander . More power to them . We’re digging our own grave - can’t blame the Chinese .

[ari-freedom]

globalism is good but our taxes (especially corporate) are too high and the Fed has a poor record managing the dollar.

[Cringing Negativism Network]

Globalism is NOT good.

America is good.

[bshomoic]

The Japanese were buying everything up like crazy in the 80s, only to be forced to sell it back at big losses in the 90s.

[Uncle Ike]

” The Japanese were buying everything up like crazy in the 80s, only to be forced to sell it back at big losses in the 90s. “

In order for this to be anything but simple-minded prattle, one would have to believe —

a) It’s still the 80’s (or at least that conditions that held sway in the 80’s are still in play today)

b) China = Japan

and

c) China had its collective head in a sack, and didn’t pay any attention to, or learn from, Japan’s missteps.....

[RSmithOpt]

And so will be the case for the overbuilt housing market once prices hit near bottom. It’s a hedge then as the economy will recover and inflation bites our backsides.

[HeartlandOfAmerica]

I thought they pegged the yuan to the dollar. Shouldn't the yuan be as weak as the dollar then???

[WilliamofCarmichael]

Weak Dollar Fuels China's Buying Spree Of U.S. Firms

Ho hum.

The PRC purchased our technology from the radical Clintonists throughout the 1990s, now they're back to buy the financial sector and more.

(Maybe the CCP fears that the Clintons won't get back into the White House and they're buying up things now -- cutting out the middleman sort of.)

HOUSE REPORT 105-851, The Cox Report

REPORT OF THE SELECT COMMITTEE ON U.S. NATIONAL SECURITY AND MILITARY/COMMERCIAL CONCERNS WITH THE PEOPLE'S REPUBLIC OF CHINA

SUBMITTED BY MR. COX OF CALIFORNIA, CHAIRMAN

Heavily censored by the radical Clintonists and released to the public over a weekend (if memory serves), a MSM employee found a typo on page 843 and promptly dismissed the multi-million-dollar, bipartisan report as "full or errors." (Well, maybe I oversimplified the reason the MSM, et al. ignored the report -- but it was pretty much ignored considering the topic and effort.)

[UCFRoadWarrior]

Globalism is NOT good.

America is good.

---

Agreed....but its scary to think that there are many on here who think Globalism is better than America.

[cdnerds]

Is it me or am I the only one that thinks a weak dollar helps the trade deficit? China has been devaluing there currency forever.... More American product gets out there, due to the weak dollar... Then when the dollar come back, people will continue to buy American because its not cheaply made.

[cva66snipe]

Only a simpleton fool would think this is a good deal for our nation. Thanks Family Bush and Clinton for selling us out to China for your 30 pieces of Globalist NWO issued silver. Thanks to the corporations they represented rather than this nation as well. A government of the corporation, by the corporation, and for the corporation owned by M.E. Islamics and Asian Communist tyrants is our fate and future. As a nation deserve the Globalist we elect but our children and grandkids sure don't.

[stefan10]

1. it would be interesting to see how the present situation of the US banking system would be without the money from china or the middle east and not only the banking system.

2. The devaluation of the dollar has reasons and nobody can blame china or any other country in the world for this because these problems are homemade. You can blame greenspan or the american consumer or your government if you like.

3. The US can not have it both ways. On the one hand cheap products and cheap money to finance your debt driven party lifestyle but on the other hand .....?????

I want to show with this post that reality isn´t that easy and globalization is not a one way road. The US is a free country and so you all have a choice.

[1rudeboy]

weak dollar = "they're buying us out!"
strong dollar = (change subject to off-shoring)