Kinda makes you long for the days when only U.S. corporations were foreign-owned. What a testament to the sellout of America brought upon us by the Republicans and the Bush-Cheney administration.
This is nothing new, do you recall the Japanese buying frenzy of real estate and golf courses in the 1980's because they had accumulated dollars due to trade imbalance. Although, they bought real estate during the bubble, they reinvested in America. At that time everyone thought that America was going to be controlled by the Japanese. That was in a climate in which the auto mfg. industry was losing market share to foreign auto mfgs. at an alarming rate to the Japanese.
And today, America survives, have hope that we influence foreigners more than they influence us. See, I believe capitalism and free markets are addicting, but I know it goes both ways. But to blame Cheney Bush and Republicans I believe is short sighted.
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ajm3s writes:
This is nothing new, do you recall the Japanese buying frenzy of real estate and golf courses in the 1980's because they had accumulated dollars due to trade imbalance. Although, they bought real estate during the bubble, they reinvested in America. At that time everyone thought that America was going to be controlled by the Japanese. That was in a climate in which the auto mfg. industry was losing market share to foreign auto mfgs. at an alarming rate to the Japanese.
And today, America survives, have hope that we influence foreigners more than they influence us. See, I believe capitalism and free markets are addicting, but I know it goes both ways. But to blame Cheney Bush and Republicans I believe is short sighted.
Share your thoughts
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.