Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil & Gas Deposits Worth Billions (drug, gasoline)
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I see something very wrong with all this, but regretfully the
author is not asking why things are going wrong in the US.
Ask yourself, we have a humongus trade deficit with China so what do we really have that the Chinese want to buy? Food, Fuel and maybe some defense technology, but nut much else. What else really! In the 21st century Chinese based world economy, we may have the same role as the Latin Americans or Africans had in the economy we ran or my British forebarrers. So remember chop chop when you get your orders in Mandarin!
The critical resources that are a national security threat?
I think any president that cares about his country would take this seriously.
You just are not thinking straight. When foreign concerns buy resourses that are in the ground it in no way at all hinders the sovereignity of the host country. I used to reply to critics of the Chinese buying up land in Canada. "They can't take it home with them, can they"? The oil business is international in it's makeup. Do you think there is one iota of difference between Shell, BP or the Chinese operating in the USA? They are under the same regulations, pay the same royalties and taxes and employ the same number of American workers. Like I said in a previous post, there are times when a country does not allow foreign investments or takeovers and this action has to be done for very good reasons. For example, I doubt very much if a foreign business would be allowed to buy a large defence contractor. If the reasons are not good for disallowing investments it will have the effect of drying up ALL investment in the country. Foreign investments are a win win for the host country if managed properly. They expand your economy with $$$$$ that domestic investors either won't spend or do not have to invest. The purchases create a capital pool that can be used to develop something completely different.
You Americans have been investing in foreign countries for ever. How could you possibly think that what's good for the goose is not good for the gander? Canada can thank it's lucky stars that Americans thought enough of this country to invest in thousands of enterprises here. Our country would not be near what it is without those $$$$.
Because a country is sovereign on it's own territory it has near total control over all foreign operators. If, for instance a foreign operator begins to do things that are against the interests of the state, action can and many times has been taken. The enterprise can be purchased by the state for a fair market value. That's the best outcome for the foreign operator. They can be regulated out of business with no recourse. When Canada socialized healthcare, all the American insurance companies that had been in business here for many decades were just finished with no compensation at all. The market for their product was eliminated by law.
There are thousands of ways to manage foreign investments for the benefit of the host country. If you are not a third world country that has no structure to manage foreign investments you have very little to worry about. The biggest worry here in Canada has always been that because of over regulation that foreigners might NOT invest their billions here.
I see something very wrong with all this, but regretfully the
author is not asking why things are going wrong in the US.
So you have no problem wth the Oil Companies but instead blame President Obama, typical right-wing partisan thinking. So yes, I see something very wrong with your selective outrage.
I'd think any Congress, you know, where regulations originate?, that cared about the country would also, eh?
But, God forbid they step on anyone's profits
Our president is the leader. He already has bypass congress on many issues.
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