Posted on 08/15/2013 11:12:03 AM PDT by DannyTN
A country that produces nothing produces no wealth. The companies within a country are that country’s wealth producers. We allow our companies to be snatched up by foreign competitors on the open stock market. Over 16,000 of our best wealth producing companies have been auctioned off, and the U.S. has no authoritative government agency prohibiting the Great American Sell-off.
Of course there is the Committee on Foreign Investment in the United States (CFIUS), but it merely serves as a rubber stamp with no actual authority. CFIUS was created as an interagency committee to oversee national security implications of foreign investments into the U.S. economy, but it has only stopped one acquisition since its creation.
We are selling out and no longer own or control our own country. We are forced now to live on imports while incurring massive debts that can only be repaid through the sale of our wealth producing companies and assets. Very soon we will not even be able to protect or support ourselves.
Virtually all of our industries are available for sale to the highest bidder, even if that bidder resides in a country like China with a long history of cheating us in commercial competition. We have made almost no effort to restrain other countries from purchasing or bankrupting our industries.
RCA is now a French company, Zenith is a Korean company. Frigidaire is a Swedish company. IBM’s Personal Computer Division—with its 500 patents—is now a Chinese company. Westinghouse Nuclear Energy’s major shareholder is Toshiba—a Japanese Company. Lucent Technologies, a former research division of AT&T, along with all the patents acquired from the beginning of the phone system, is now a French company. In 2008, Brazilian-Belgian brewing company InBev purchased the iconic American brewer Anheuser-Busch, makers of Budweiser. AMC is now Chinese. With the sale of these manufacturing companies, the future profit and technologies all belong to foreign entities.
As we have become unable to produce enough for ourselves in America, we have outsourced our manufacturing to China, Japan and others. This realization that we are no longer competitive in the world and can no longer be a productive manufacturing nation feels like giving up. To add another nail to our manufacturing coffin, we send our political leaders to foreign countries to beg foreign manufacturers to produce in America (insource) so we can have labor jobs while they supply us with their technical expertise in their new factories that we help them build with subsides, tax abatements and other incentives—all at the expense of domestic manufacturers.
America must wake up to the facts: we are losing our nation, our wealth and our jobs to foreign competition. If these trends are not reversed, our way of life may be lost forever.
Put Americans back to work. Make us less dependent on foreign nations. Restore our industrial capacity so that we have the means to protect this great nation.
so who’s gonna run on that?
Ross Perot is now 83.
Funny, how folks who whine about losing “our” wealth never speak of their own, only that which belongs to others.
My guess is no-one. The GOPe will put up another gay promoting RINO. The gay MSM will help with that. At least until the contest comes down to the RINO vs the 'rat Liberal.
Both parties will say the words "Jobs" a lot. Neither will offer a significant plan.
I'll end up voting third party again.
My guess is no-one. The GOPe will put up another gay promoting RINO. The gay MSM will help with that. At least until the contest comes down to the RINO vs the 'rat Liberal.
Both parties will say the words "Jobs" a lot. Neither will offer a significant plan.
I'll end up voting third party again.
AP 4 out of 5 Americans in US face near-poverty, no work [OBAMANOMICS!]
So because I'm in the 1 in 5 that has a good job, I can't complain about what's happening to the other 4 out of 5???
You can take your Alinsky censoring tactics and stick them.
And even funnier is the proposed solution: raise my taxes.
I'm rather poor right now. But I have plans to be wealthy someday, if only people like you get out of my way.
Do everything to increase Agriculture,Oil production, and Manufacturing. This are really the biggest and best ways to create wealth.
the way people talk about 3d printing and fracking it looks like 3d printing will return manufacturing to the USA while fracking will recapitalthis country.
hard to say what will actually happen.
I pay a bit extra to seek out and buy American.
Not only are these companies competing with US companies and taking our wealth to their countries, they are also stealing all the technology created/discovered here and using it against us.
I was never a protectionist bu tin light of what the communist/socialist libs are doing I’ll take it.
"Yes, there was a day when our national treasury was gladly filled by foreigners paying for the opportunity to do business on American soil. But this was when members of Congress, and those running for Office, put American interests first and would have considered the NAFTA, GATT and the WTO as acts of sedition, and would have tarred and feathered those participating in the surrender of America's sovereignty. "-from above link
"The remaining revenue on the consumption of foreign articles, is paid cheerfully by those who can afford to add foreign luxuries to domestic comforts, being collected on our seaboards and frontiers only, and incorporated with the transactions of our mercantile citizens, it may be the pleasure and pride of an American to ask, what farmer, what mechanic, what laborer, ever sees a tax-gatherer of the United States?" - Thomas Jefferson-from above link
"Yes, there was a day when our national treasury was gladly filled by foreigners paying for the opportunity to do business on American soil. But this was when members of Congress, and those running for Office, put American interests first and would have considered the NAFTA, GATT and the WTO as acts of sedition, and would have tarred and feathered those participating in the surrender of America's sovereignty. "-from above link
"The remaining revenue on the consumption of foreign articles, is paid cheerfully by those who can afford to add foreign luxuries to domestic comforts, being collected on our seaboards and frontiers only, and incorporated with the transactions of our mercantile citizens, it may be the pleasure and pride of an American to ask, what farmer, what mechanic, what laborer, ever sees a tax-gatherer of the United States?" - Thomas Jefferson-from above link
There is a point where we should use the cheap labor of foriegn countries. But it's not when our own people are sitting idle.
Again, what’s with the “our” wealth thing? If I choose to buy Heineken over Anchor Steam, why do you want to make Heineken more expensive?
I’ve explained this to you before, but you were too dense to understand: the Founding Fathers saw tariffs as a way to raise revenue for the federal government. Not to create or “save” jobs, as you are arguing on this very thread.
I’ll tell you what happened to my company. It had so much cash overseas which it couldn’t repatriate without incurring a 35% hit that it sold itself to a foreign concern, and now the cash belongs to it, no need to bring it here. I bet that happens to a lot of American companies. Import tariffs? Got a dumber idea? Those companies, like my company, sell and earn more abroad than they earn here. Let’s have a good trade war, huh?
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Agreed, and it's only going to get worse.
“Our” as in the ability of our country to be secure in its technology and achievement and that it is used for our good and not someone else’s in a nothing f’ing country (most of which hate us).
Fair enough. You expect the federal government to “protect” you.
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