Foxconn Considers Establishing Manufacturing Plants in the U.S.?

Bacchus - 7 months ago

Might as well, we are owned by China now and communism is almost in place.

Actually, the biggest chunk of US debt is held by ourselves, then comes mutual funds, insurance companies, and state & local governments. Then comes China, Japan, Brazil, Russia, Taiwan, Switzerland and others. Here: from a reliable source you are no doubt familiar with: http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-trillion-to-hint-it-isnt-china/ This is one of the side-effects of having the reserve currency for the world: people invest in it. Oh, BTW, just to be clear: THERE IS NO DEBT CRISIS. A 'debt crisis' would be when no one wants to loan us money. The US is now getting loans at the lowest rates ever. We should now be borrowing more and fixing our infrastructure. The related economic activity and the economic activity of the people and businesses which use it will more than make up for the cost of the investment, just like when we invested in the Interstate Highway system (54 years, over 47,000 miles and a cost of over $400Billion) and the payoff is TRILLIONS in economic activity EVERY YEAR. When the economy starts to recover more we can do like Clinton did and raise taxes and start to pay down debt. As for communism... Corporate influence in our government is rampant. Public assets like roads, bridges, parks, and once government provided services are being privatized. 'Obamacare' was 'soooo bad' that you are mandated to purchase insurance -- mostly corporate. We don't even have a single-payer system like Canada! So, please provide examples of how 'communism is almost in place' because I don't see it.