With the share of foreign investment coming into the US falling down dramatically, officials and business leaders are looking at ways to attract investments from India, China, Brazil and other emerging economies. Why would it be falling off, with The One in charge, the One Whom Everyone Loves?
Hosting a discussion of the President's Jobs Council in Washington on Friday Secretary of State Hillary Clinton said the body will make recommendations to President Barack Obama on ways to make the US more attractive to foreign companies. "Sir, you need to resign."
Jeffrey Immelt, chairman and CEO of the General Electric Company who has snatched his fair share od the boodle heads the jobs council, underlined the US concerns before the gathering of top US executives and those from US affiliates of firms based in other countries.
"Our direct investment from places like China, India, Brazil, the people that really have a hot hand today, are minuscule, almost non-existent," Immelt said. But we still keep sending stuff over there, because it's cheaper. So why won't they send some union jobs over here? It's not fair! Maybe GE could help by, you know, payng taxes...
Antonio Perez, chairman and chief executive officer of the Eastman Kodak Company and a member of the council, also underlined the "troubling" trend in the US declining share of global investments. I just don't get it!
"Even more troubling than that is the fact that out of the 12%, only two and a half% comes from the combination of Brazil, India and China," he said, adding that "does not bode well for the future of this country." The booming economies are not doing their fair share!
Obama's Job Council met as new report out on Friday sponsored by the Organization for International Investment revealed that investment to US fell to 18% of world flows in 2009, down from 41% in 1999. I wonder how much it's fallen in the last three years? Noting that the United States has a total of $2.3 trillion and falling fast in foreign direct investment, acting commerce secretary Rebecca Blank said: "In the face of increased competition, we need to step up our game."
Clinton said: "We need to show not only that we are open for business, but to use every tool in our tool box to attract it."
Posted by: Bobby ||
10/10/2011 13:49 ||
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#1
...on ways to make the US more attractive to foreign companies.
Follow the California model? Oh, wait, never mind.
#2
"We need to show not only that we are open for business to giving furriners the business, but to use every tool in our tool tax box to attract it screw them over."
FTFY, Pervert-in-Chief.
No charge (since you wouldn't pay it anyway).
Posted by: Barbara ||
10/10/2011 16:01 Comments ||
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#3
The $700 billion of capital leaving the USA every year is many multiples of any capital inflow. In fact, it is somewhat greater than the total economy's civilian R&D plus the investment in plant and equipment.
#4
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan
#5
Yes, Eohippus, and what Americans seem to want the government to do will only make it worse. For instance, gas is too expensive so let's cap NAFTA crude prices at $40.
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Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
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Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
Noting that the United States has a total of $2.3 trillion 
