Why U.S. Companies Aren't So American Anymore

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We get a lot of poorly made cheap "stuff" but no job to earn the money to buy it with.

American of CA 1:16PM March 14, 2013

American companies who left America for cheap labor should be considered as traitors. China is still a communist empire .An no nation should be allowed to build factories that will financially assist them with income that is. beening used in record amonts. To build their 200,000,000 man army. The American companies as well as other free nations who built companies have helped arm one of the deadliest regimes on the planet. They have not only caused a direct threat to us but a threat to our children an grandchildren. The American companies that turnt Communist friendly an traitor should be imprisoned.

Crittergetter of NC 6:29PM October 02, 2012

What good is all that revenue if none of it makes back to the average American ??

Joeblow of ID 5:23PM May 17, 2012

America has lost its mind too send jobs overseas has killed our economy & hurt many people that these companies have gotten so big was by Americans first & foremost, so they thanks us by sending jobs overseas making americans poor. I won't do business with them. I am personally gonna Boycott all these companies that are on this list. I vow to never buy any of their products or food or banks I would rather they all fail miserable for being Greedy On A Epic Level.

JWTX of TX 3:42PM February 15, 2012

Great article!

Help Fix America First

http://helpfixamericafirst.blogspot.com

WASP of CA 3:32PM October 27, 2011

I agree that American companies are not so American anymore. Now that the US Supreme Court has declared corporations to be people I would also say that American companies are not loyal to the USA. I question their allegiance to America. Perhaps now that corporations are people that are not loyal to America they can be tried for treason and hung!

Debbie of CA 10:45AM September 28, 2011

@Joseph Jaurez of AZ, you wrote, in part, "Yet our Government still has to borrow money from foreign lenders to underwrite our War machine in order to try and preserve our Modern American Life Style."

Please do a little research to learn what percentage of our public debt is held by foreigners and what percentage is owned by us Americans. You may be surprised.

Mekhong Kurt 12:13PM July 12, 2011

@Robert Barrows: I read your poem. (Aren't Comments" section wonderful for self-promotion?)

In essence, your poem is saying, in part, that capitalism is just fine -- *until* it goes international.

In your poem, you overlook a fact this article points out: much of the strength of the stock market in the last couple of years has been precisely *because* of the globalization of business. And a whole bunch of us own stocks in companies who depend to some degree on foreign profits to bolster their balance sheets -- and to be able to pay higher dividends to stockholders than they otherwise would have been able to pay.

Look at some of the names of the companies listed in this article. It's true that Walmart and McDonald's are perennial whipping boys when we discuss globalization. But Dow Chemical? GE? *Ford,* for pete's sake -- how much more quintessentially American an image can a company have than Ford, founded by an American guy who basically invented the modern production line???

Many anti-globalization folks also either don't know or ignore other ways in which we Americans directly benefit from globalization. One large example comes in the form of retirement funds -- many of which invest in ways that generate income for their members -- us -- from sources abroad.

When we ignore these facts, we inflict fear upon ourselves.

There's another side of this some simply don't know: people in *other* countries bemoan the fact that sometimes they have to buy foreign-made products, including American-made ones. I wonder how many anti-globalization people would support those foreigners in driving American firms out of their countries, or driving their products out in the case of firms that sell in Country A but don't operate there otherwise. My guess -- as an American who has lived in Asia for 24 years -- is that such a move would be seen as hostile anti-Americanism.

In other words, we sometimes argue that what's good for the goose (foreign sales for U.S. firms) is NOT good for the gander -- sales by foreign companies in the U.S.

But then we come to the well-known reality of sticker shock, which leaves such people flopping out of water. How many of us are TRULY willing to pay $1,500 for that computer we just bought at Walmart for $600 -- pay $1,500 so it is made in America? Yes, some would, if they could, and they genuinely can't. But I know folks who easily could fork over that $1,500 -- but don't and won't.

It's not an easy topic of discussion, and pat answers don't help. . . .

Mekhong Kurt 12:10PM July 12, 2011

Why should we object if American companies are making money overseas? That's a good thing! Get in on it by buying their stock.

Atkins of AK 5:11PM July 09, 2011

Greedy American Financial Institutions and Greedy American Corporations are who got us into the many messes we have to endure today.

On one hand, Financial Institutions lent money to many people who were just one paycheck away from disaster. So when the jobs got scarce and mortgages went into default everything crashed.

On the other hand Greedy Corporations out Sourced so many jobs and put so many of our wage earning workers, many of whom are returned Veterans, into financial ruin which in turn contributed even more to the realestate down fall.

Yet our Government still has to borrow money from foreign lenders to underwrite our War machine in order to try and preserve our Modern American Life Style.

However, Corprate America is still managing to profit from all our missery.

And, in reality they owe us more than they have contributed in recent years.

But the minute their foreign investment intererts are in peril our youth are expected to fight and die to protect them?

Such expectations are truely absurd! Have you noticed any wealthy corprate mogol's brat being killed in Afganistan. Don't even think for one minute that any of their children are because if any one of their children did die fighting for America tabloids all around the Western World would be praising them for their sacrafice. I have not seen any such article in any News Paper to date.

Joseph Juarez of AZ 6:35PM July 08, 2011

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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