What’s the best way for a country like China to exert its influence over the U.S. economy? Acquire American-owned companies like Chinese-owned Haier just did when they purchased General Electric’s (GE) appliance business for $5.4 billion. So much for American independence and authentic Independence Day celebrations on July 4th.
America can no longer claim to be an independent nation when our manufacturing base is under foreign ownership or foreign control. After all, ownership equals control, and control equals sovereignty. We lose our sovereignty as a nation when foreign companies buy our land, factories, and companies. How so? Because the more Chinese and other foreign companies establish ownership of American assets, plants and factories, the more they have the right to demand how our U.S economy is run, because how it is run affects them, too. READ MORE