China Acquiring U.S.A. One Company at a Time

Joe Miller

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 . . .

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.

So since GE’s appliance business (not the entire company) is now under foreign ownership and therefore foreign control, what options are left for patriotic American consumers who want to keep profits, jobs, and tax revenue within the borders of the United States?

Whirlpool just happens to be the only remaining major American-owned appliance company in the United States, and we need to support them with our consumer dollars when we shop for appliances. Whirlpool owns such popular brands as Maytag, Amana, KitchenAid, and Jenn-Air. (Read more from “China Acquiring U.S.A. One Company at a Time” HERE)

Read more: http://joemiller.us/2016/03/china-acquiring-u-s-a-one-company-at-a-time/#ixzz43YY34AHB