Monday, February 6, 2012

U.S. Liquidating its Best Companies

U.S. Liquidating its Best Companies From the Globalism is a failure files:
"500 patents—is now a Chinese company. Westinghouse Nuclear Energy’s major shareholder is Toshiba—a Japanese Company. Lucent Technologies, a former research division of AT&T, along with all the patents acquired from the beginning of the phone system, is now a French company. In 2008, Brazilian-Belgian brewing company InBev purchased the iconic American brewer Anheuser-Busch, makers of Budweiser. With the sale of these manufacturing companies, the future profit and technologies all belong to foreign entities. As we have become unable to produce enough for ourselves in America, we have outsourced our manufacturing to China, Japan and others. This is resignation; the realization that we are no longer competitive in the world and can no longer be a productive manufacturing nation." RCA is now a French company, Zenith is a Korean company. Frigidaire is a Swedish company."
---- The Squawker

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