Why are some pundits so upset about Citigroup, Merrill Lynch and other major financial instutions giving up significant ownership stakes in exchange for desperately needed cash infusions from China, Saudi Arabia, Singapore and other foreign countries?
Would the pundits rather these countries refuse to help? The pundits say it's a matter of principle. Gee then wht's the principle that allows app. 12 million illegals to live in the U.S. in a relatively pampered state of care including allowing some to vote? America prints money like Disney's Sorcerer's Apprentice to underwrite it's false " all are equal" philosophy. So multinationals need China's cheap labor to prosper and pay taxes so our government can support a welfare system for the " equals"who are chronically unemployed or under employed.
If we as a country want to get serious about who owns America and who has rights in America then we will have to get serious about rights being tied to performance. NO FREE LUNCH AND THAT INCLUDES CORPORATE WELFARE .
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