The current state of our nation’s economy is a little troubling for me. Make no mistake about my anxiety because I choose to believe that our economy remains strong as our President continues to proclaim. However, as I hear continously from our presidential aspirants from both parties that we are teetering towards a recession, I am becoming a wee bit worried.
To make matters, our business leaders are running fast towards foreign investors to obtain infusion of new capital to prop up their various businesses. Some experts believe that having foreign companies invest in US businesses is ultimately good for our economy. In the Sunday edition of The New York Times , there is an article in the Business section that is worthy of a few minutes of your time. Check this article out and let me know what you think.
Indeed, it is confusing and concerning to have dumped so much cash into the hands of the Chinese, and to now be going hat-in-hand to investors from countries (or, actually the governments of countries) like China to help our major corporations… clearly our government is going to have its hands full just watching these transactions to protect against the basics of our national security, let alone to potential for significant influence on our economy by those that would love to make a mess of it on purpose. We need to work within the global economy, but guard our sovereignty at the same time.