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The Chinese government is buying American companies on American soil. Is anyone comfortable with this?

http://news.yahoo.com/s/ap/20091007/ap_on_bi_ge/as_meltdown_rising_china

We do not want our "government" dictating to us how we do business, but what about the Chinese government? or any other foreign government? Its time for America to take back its businesses. If businesses want to take away jobs from Americans by taking them overseas or by failing. Then we as Americans need to do something with those businesses and not let them fall into the hands of foreign governments. Any ideas on how we stop this from happening?

Answer Question
 
Anonymous

Asked by Anonymous at 11:13 PM on Oct. 7, 2009 in Politics & Current Events

Answers (17)
  • http://news.yahoo.com/s/ap/20091007/ap_on_bi_ge/as_meltdown_rising_china
    Anonymous

    Answer by Anonymous at 11:13 PM on Oct. 7, 2009

  • Get back all that other countries owe us which is a ton and pay off china and pull our business from them
    Anonymous

    Answer by Anonymous at 11:19 PM on Oct. 7, 2009

  • The same thing happened in the 80s when the Japanese bought a bunch of property in the US. Have you noticed?

    Do you know so little about government and law that you really think the Chinese government is going to run those companies just because private entities in China own them?
    Anonymous

    Answer by Anonymous at 11:41 PM on Oct. 7, 2009

  • Shougang is a steel maker owned by the government of China...Shougang Corp. is the company buying Delphi Corp. So its not a private entity.
    Anonymous

    Answer by Anonymous at 12:01 AM on Oct. 8, 2009

  • Lots of US companies are owned in part by foreign companies. Especially the British and Canadians. My only concern is the exportation of jobs overseas. And frankly, the business leaders did it to themselves by starting with sending jobs out of the country, laying people off so they can't buy.

    This IS a result of the free market economy. He with the cash wins.

    gdiamante

    Answer by gdiamante at 2:03 AM on Oct. 8, 2009

  • Foreigners esp China are looking to buy lots of land here right now because of the drop in the dollar.
    Carpy

    Answer by Carpy at 5:04 AM on Oct. 8, 2009

  • Hey Carpy--

    So are you saying that China is looking to capitalize on what little CAPITALISM we have left?! LOL :o)
    LoriKeet

    Answer by LoriKeet at 7:58 AM on Oct. 8, 2009

  • lol...lorikeet...maybe we should start brushing up on our Mandarin.
    lori232

    Answer by lori232 at 8:17 AM on Oct. 8, 2009

  • I'm just happy that Timmy's is owned again by a Canadian, not an American. I mean, really! Tim Horton's is part of our national identity - what's next, Canadian Tire?? Next thing you know you'll be trying to steal our ideas around health care and the social safety net...oh, probably no need to worry about that :)
    LisaLulu

    Answer by LisaLulu at 8:32 AM on Oct. 8, 2009

  • They have been doing this for decades. Anyone who is surprised by this hasn't done their homework. Am I comfortable with it? Does it matter? It is all done legally (as far as we know), there is nothing we can do about it.

    QuinnMae

    Answer by QuinnMae at 8:35 AM on Oct. 8, 2009

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