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.
I guess it’s not a trade war until we acknowledge it and start fighting back, no matter how much damage they do to us.
No. Protect my country’s borders and its commerce like it was intended and quit facilitating giving all our stuff away via high domestic taxes forcing jobs/companies offshore.
Free Traitors have absolutely ruined this country and then they call those that complain about it Communists. When we take this country back from the Globalist Banksters we are going to put Free Traitors on trail and then, God willing, send them to the gallows.
Now, now . . . don’t be such a communist about it.
The US government in engaged in a trade war with the US companies. Apple, Inc has hundreds of billions of cash sitting overseas, and it has to borrow money domestically at 3% to fund whatever. (I hope it is paying back to the overseas branches of these banks.)
The Founding Fathers advocated the death penalty for treason and protectionist trade policies. I guess they were all CommunistsX2.
Sorry, buddy . . . still relishing the irony of someone who declares others enemies of the state and wishes for their execution whining about being called a communist.
I do and I'm not ashamed to say it. Neither were our Founding Fathers....
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Article 1. Section. 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ... To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
I do and I'm not ashamed to say it. Neither were our Founding Fathers....
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
Article 1. Section. 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ... To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
How is it affecting employment?
No there is no need to bring it here. Because after selling themselves to a foriegn concern they still have open access to the American market. There is no penalty for selling out and avoiding American taxes.
But there should be!!!!
No there is no need to bring it here. Because after selling themselves to a foriegn concern they still have open access to the American market. There is no penalty for selling out and avoiding American taxes.
But there should be!!!!
Why did the Founding Fathers put those clauses in?
That's the point (that you missed). The penalty is for remaining an American company, so it chose not to be. It's not surprising that you have a blindspot about it--seeing that you want to increase penalties for doing business here.
So some wanker can come along 200+ years later and use them as an excuse to raise my taxes, over the wishes of the Founding Fathers. /s
Are you now ridiculing the constitution?
No, I am ridiculing you.
Sounded like you were ridiculing the constitution.
It’s pretty clear you don’t think the Founders should have given Congress the right to regulate trade with foreign nations.
Sounded like you were ridiculing the constitution.
It’s pretty clear you don’t think the Founders should have given Congress the right to regulate trade with foreign nations.
If I were you, I’d concentrate on the deficiencies in your argument before attributing a fictitious one to my own.
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