BUSH SELL OUT : WHEN AMERICANS NO LONGER OWN AMERICA

TOO STUPID TO BE PRESIDENT


WHEN AMERICANS NO LONGER OWN AMERICA

By Thom Hartmann Common Dreams 27th Feb 2006

The Dubai Ports World deal is waking Americans up to a painful reality: So-called "conservatives" and "flat world" globalists have bankrupted our nation for their own bag of silver, and in the process are selling off America.

Today, foreigners awash with our consumer dollars are on a two-decades-long buying spree. The UK's BP bought Amoco for $48 billion - now Amoco's profits go to England. Deutsche Telekom bought VoiceStream Wireless, so their profits go to Germany, which is where most of the profits from Random House, Allied Signal, Chrysler, Doubleday, Cyprus Amax's US Coal Mining Operations, GTE/Sylvania, and Westinghouse's Power Generation profits go as well. Ralston Purina's profits go to Switzerland, along with Gerber's; TransAmerica's profits go to The Netherlands, while John Hancock Insurance's profits go to Canada. Even American Bankers Insurance Group is owned now by Fortis AG in Belgium.

Foreign companies are buying up our water systems, our power generating systems, our mines, and our few remaining factories. All because "flat world" so-called "free trade" policies have turned us from a nation of wealthy producers into a nation of indebted consumers, leaving the world awash in dollars that are most easily used to buy off big chunks of America. As www.economyincrisis.com notes, US Government statistics indicate the following percentages of foreign ownership of American industry:

* Sound recording industries - 97%

* Commodity contracts dealing and brokerage - 79%

* Motion picture and sound recording industries - 75%

* Metal ore mining - 65%

* Motion picture and video industries - 64%

* Wineries and distilleries - 64%

* Database, directory, and other publishers - 63%

* Book publishers - 63%

* Cement, concrete, lime, and gypsum product - 62%

* Engine, turbine and power transmission equipment - 57%

* Rubber product - 53%

* Nonmetallic mineral product manufacturing - 53%

* Plastics and rubber products manufacturing - 52%

* Plastics products - 51%

* Other insurance related activities - 51%

* Boiler, tank, and shipping container - 50%

* Glass and glass product - 48%

* Coal mining - 48%

* Sugar and confectionery product - 48%

* Nonmetallic mineral mining and quarrying - 47%

* Advertising and related services - 41%

* Pharmaceutical and medicine - 40%

* Clay, refractory, and other nonmetallic mineral products - 40%

* Securities brokerage - 38%

* Other general purpose machinery - 37%

* Audio and video equipment mfg and reproducing magnetic and optical media - 36%

* Support activities for mining - 36%

* Soap, cleaning compound, and toilet preparation - 32%

* Chemical manufacturing - 30%

* Industrial machinery - 30%

* Securities, commodity contracts, and other financial investments and related activities - 30%

* Other food - 29%

* Motor vehicles and parts - 29%

* Machinery manufacturing - 28%

* Other electrical equipment and component - 28%

* Securities and commodity exchanges and other financial investment activities - 27%

* Architectural, engineering, and related services - 26%

* Credit card issuing and other consumer credit - 26%

* Petroleum refineries (including integrated) - 25%

* Navigational, measuring, electromedical, and control instruments - 25%

* Petroleum and coal products manufacturing - 25%

* Transportation equipment manufacturing - 25%

* Commercial and service industry machinery - 25%

* Basic chemical - 24%

* Investment banking and securities dealing - 24%

* Semiconductor and other electronic component - 23%

* Paint, coating, and adhesive - 22%

* Printing and related support activities - 21%

* Chemical product and preparation - 20%

* Iron, steel mills, and steel products - 20%

* Agriculture, construction, and mining machinery - 20%

* Publishing industries - 20%

* Medical equipment and supplies - 20%




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