Bush: Influx of foreign investors a good thing for USA

[sabra]

Source: USA Today

The issue of foreign investments to prop up beleaguered U.S. banking houses was raised during last night's GOP debate in Florida. Democratic presidential hopeful Hillary Rodham Clinton, among others, has said the influx of foreign capital from Singapore, Saudi Arabia and elsewhere raises serious concerns.

Not so, says President Bush.

During an interview with USA TODAY's Richard Wolf and Susan Page, Bush said these investments are a good thing.

"I, frankly, welcome capital coming into our country to make investments in these firms. I think that's a healthy sign. I think it's good … When it comes to foreign capital making investments in U.S. financial institutions, we ought to say 'Thank you.'"

Read more: http://blogs.usatoday.com/ondeadline/2008/01/bush-influx-of.html

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[rodeodance]

1. anything goes so he can prop up the economy---

[KansDem]

2. This from a man who purchased 100,000 acres in a foreign country while POTUS

I guess the concept of "borders" is soooo last millenium...

[UpInArms]

3. not surprising from one who does not even understand the "Oath of Office"

and seeing as how his uncle Prescott is/was the head of the Chinese/American Chamber of Commerce.

President's uncle shares Bush family ties to China

CHICAGO — When President Bush arrives in Beijing on Thursday, he'll embrace a policy that's something of a family tradition.

Bush's approach centers on promoting U.S.-China economic ties. That's a course favored not only by his father, the first President Bush, but also by his uncle, Prescott Bush Jr., a longtime acquaintance of Chinese President Jiang Zemin.

The Bush family's ties to China go back to 1974, when President Nixon named George Bush ambassador to China. The college-age George W. Bush spent two months in China visiting his parents during his father's two-year stint.

Seven years after his brother left the ambassadorial post, Prescott Bush made his first trip to China. He later joined with Japanese partners in 1988 to build a golf course in Shanghai, the first in China. He met Jiang, who was then the mayor of Shanghai.

<snip>

Along with access, the family name has also brought scrutiny to Prescott Bush's deals:
He was criticized in 1989 for visiting China to meet with business and government leaders just three months after the Tiananmen Square massacre, in which army troops fired at pro-democracy demonstrators.
His Shanghai partnership with the Japanese firm Aoki in 1988 proved embarrassing when revelations surfaced that Aoki at the same time was allegedly trying to get business contracts by bribing Panamanian leader Manuel Noriega, whom the first President Bush later ousted from power.
His connections to an American firm, Asset Management, came into question in 1989, when the company was the only U.S. firm able to skirt U.S. sanctions and import communications satellites into China.
When Asset Management went bankrupt later that year, Bush's deal to arrange a buyout through West Tsusho, a Japanese investment firm, raised eyebrows. Newspapers reported that Japanese police were investigating West Tsusho's alleged ties to organized crime.

Bush declines to discuss those controversies. "That's old news. It's in the past," he says.

...more...

[ixion]

4. Why does Bush hate America?

Why is he FOR selling our country to foreign entities? :grr:

[Hugin]

5. It's interesting to note... If they're poor call them "Illegal Aliens" and if they're rich call them

"Foreign Investors". I'll have to remember that... :eyes:

[AlphaCentauri]

16. also they call them "your majesty" n/t

[bahrbearian]

6. Well it is a Buyers Market isn't it Chimpy

America for Sale, price Reduced,

[sinkingfeeling]

7. Did he add, "Just like I said thank you to them bin Ladens that helped me start my little oil

company back in Texas."?

[htuttle]

8. "...and you really ought to get the undercoating package and extended warranty on that car!"

"It's a good deal! Would I lie to you?"

[truthisfreedom]

9. Well, at least he isn't suggesting more tax cuts to solve this new problem.

bush hates America. He wants America gone. Sold to the lowest bidder.

[Robbien]

10. Everyone seems so worried about countries investing in the US

When everyone knows the power structure is in business, and businesses are already widely invested in the US influencing US business decisions.

[liberal N proud]

11. No they are not!

On shore investors are good for the USA. Foreign investors are more likely to outsource and close companies in the US.

[jaybeat]

12. Yeah, right...

And when the US Government borrows (more) money from China to pay for the "rebates" Bush wants to send out, taxpayers will turn around and spend them on products made in... (wait for it)

China!

Pretty good deal for them! Sorta like the company store in a coal mining town. Sure, they'll give you all the credit you want, so that when the company pays you, you turn around and give it all back to the company!

You load sixteen tons, and what do you get?
Another day older and deeper in debt.
Saint Peter don't you call me, 'cause I can't go.
I owe my soul to the company store.

[apnu]

13. "every day is opposite day!" (nt)

[kineneb]

14. Traitor.

time for prison, never mind impeachment. Selling off his "own" country.

We are screwed.

[Doctor Cynic]

15. As much as I hate to admit it

there's the "broken clock is correct every 12 hours" effect right here.

[tabasco]

17. Yeah, let's sell all of our ports to Arab monarchies!

BRILLIANT!

[DuaneBidoux]

18. There is a huge problem. When we pay them in dollars we have borrowed for all the goods we get...

then we can't very well tell them where they can spend it.

It would be like your boss paying you in dollars and then telling you where you can and cannot spend the dollars.

The problem isn't the foreign investment per se, it is the huge amount for foreign borrowing in which we engage that gives these investors these huge sums of dollars and it is also the fact that many if not most are anti-democratic "sovereign" entities (i.e., a non-democratic government investing directly in our companies). A country like France or Britain probably is a good thing, but they are democracies and they treat their workers well--we should be so lucky that they bring their company values to our shores). We are being invested in by communist China and a whole host of fanatical Islamic (and yes I hate to say it) fascist regimes.

This is the problem.

[and-justice-for-all]

19. Sell it cheap and sell it fast , right chimpy??!!

you crooked bastard!

[Orsino]

20. Says the man who thinks working three jobs is a great thing.

But what the hell does he care? In his world view, rich men are supposed to own everything.

[bhikkhu]

21. An "investor" is someone who will lend a few billion at 10% interest? n/t

[Zorra]

22. Chimpy paraphrased: "I sold y'all to the Chinese. Better be nice to your new

masters."

[dysfunctional press]

23. i for one, would like to be the first to welcome our new asian overlords...

[sarcasmo]

24. When we no longer build anything and no longer own anything are we still a Country?

[Redstone]

25. Well, it is. Remember all the panic about the Japanese buying so much real estate

in California, back in the 1980s?

How much of a problem did THAT turn out to be? After all, it doesn't matter if a foriegn country owns a skyscraper in the US? What, are they going to ship it back to their home country?

Redstone