Do you sometimes get the sense that the Bush administration is slowly yet steadily selling off our country? It’s starting to feel a bit like a rummage sale and everything must go. I swear I wouldn’t be surprised if I woke up tomorrow to front page news, oh who am I kidding it would be buried on the bottom of page 20, that Bush has sold Yosemite Park to China. Things have gotten that weird around here.
My first reaction to the news of the Dubai ports deal was, wow, what a political blunder, but I figured that since we’re not spending any money or effort in securing our ports anyway, what difference would it make who owns the operating rights. But the more I think about it, the more it freaks me out. Why in the hell are we not running our own ports? I don't have an MBA, but even I can see that there are piles of money to be made there, so why are we going to let more money leave our shores? What’s next? Crane operators using remote technology to move our cargo around using a joystick in India? Pretty soon America will be nothing but an ant farm, with us running around hopped up on sugar water, digging endless tunnels to nowhere while everything around us is subject to the manipulation and whimsy of outside forces. Our only hope will be some kid knocking the whole thing over releasing us from our flat world.
Bush seems bent on selling our country to the highest bidder. Perhaps he’s attempting to stave off foreclosure and if that’s the case, we should take an inventory of what we’ve got left. At this point, bankruptcy may well be a forgone conclusion.
The following is from
Economy In Crisis. The numbers are staggering.
Foreign Ownership Of Specific U.S. Industries
Sound recording industries – 97%
Commodity contracts dealing and brokerage – 79%
Motion picture and sound recording industries - 75%
Metal ore mining - 65%
Motion picture and video industries - 64%
Wineries and distilleries - 64%
Database, directory, and other publishers - 63%
Book publishers - 63%
Cement, concrete, lime, and gypsum product - 62%
Engine, turbine and power transmission equipment - 57%
Rubber product - 53%
Nonmetallic mineral product manufacturing - 53%
Plastics and rubber products manufacturing - 52%
Plastics product - 51%
Other insurance related activities - 51%
Boiler, tank, and shipping container - 50%
Glass and glass product - 48%
Coal mining - 48%
Sugar and confectionery product - 48%
Nonmetallic mineral mining and quarrying - 47%
Advertising and related services - 41%
Pharmaceutical and medicine - 40%
Clay, refractory, and other nonmetallic mineral products - 40%
Securities brokerage - 38%
Other general-purpose machinery - 37%
Audio and video equipment mfg and reproducing magnetic and optical media - 36%
Support activities for mining - 36%
Soap, cleaning compound, and toilet preparation - 32%
Chemical manufacturing - 30%
Industrial machinery - 30%
Securities, commodity contracts, and other financial investments related activities 30%
Other food - 29%
Motor vehicles and parts - 29%
Machinery manufacturing - 28%
Other electrical equipment and component - 28%
Securities and commodity exchanges and other financial investment activities - 27%
Architectural, engineering, and related services - 26%
Credit card issuing and other consumer credit - 26%
Petroleum refineries (including integrated) - 25%
Navigational, measuring, electromedical, and control instruments - 25%
Petroleum and coal products manufacturing - 25%
Transportation equipment manufacturing - 25%
Commercial and service industry machinery - 25%
Basic chemical - 24%
Investment banking and securities dealing - 24%
Semiconductor and other electronic component - 23%
Paint, coating, and adhesive - 22%
Printing and related support activities - 21%
Chemical product and preparation - 20%
Iron, steel mills, and steel products - 20%
Agriculture, construction, and mining machinery - 20%
Publishing industries – 20%
And the worst part is, these numbers are only going to go up. Now that we have been made aware that our port operations are on this list, we should seriously consider what might be next. Are our national parks, our waterways, our national monuments, our nuclear facilities and our public utilities next on the auction block? It seems absurd, but that’s just what we should expect from the Bush administration. It’s what they’ve given us so far, why shouldn’t we expect more of the same?