Why Foreign Ownership of US Assets is a Big Deal

New York Post by John Crudele | Sep. 18, 2008 (Opinion)

A few weeks back President Bush used his trip to the Olympics to chide his hosts, the Chinese, about human rights violations. Even if the president was truly passionate about the issue that probably wasn't the best move.

Last week the Chinese - along with our friends the Japanese - are said to have insisted that Washington take action to protect their investments in Fannie Mae and Freddie Mac, which is exactly what happened.

A lot of ... Full Story »

Posted by Marsha Iverson

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Subjects: World, U.S., Politics, Business
Topics: Global Economy, Foreign Policy, National Security, Money and Politics, Congressional Oversight
Member Tags: US Economy
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Posted by: Posted by Marsha Iverson - Mar 24, 2009 - 1:18 PM PDT
Reviewed by: Marsha Iverson (review)
Content Type: Article
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Edited by: Marsha Iverson - Mar 24, 2009 - 2:17 PM PDT
Related Comments: Global Economy (2)

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Marsha Iverson
3.7
 by Marsha Iverson - Mar. 24, 2009

I tend to take the New York Post with a block of salt, but this article provides a no-holds-barred synopsis of the down-side of foreign ownership of US assets: undue influence on US governance, economy, and foreign policy when we are in hock up to our eyeballs to foreign investors.

It is time to rethink the "global economy" while we still have a say in the matter. One side leans toward the idea that our global interconnections will lead to mutually supportive policies based on common interests. I personally like that view, but consider it less likely to prevail. The other view is one of economic dominance rules: and we're no longer on top. I don't know which side will prevail--but I do know we'd better think about it before we lose all hope of having a choice.

Last week the Chinese – along with our friends the Japanese – are said to have insisted that Washington take action to protect their investments in Fannie Mae ... More »

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