Below is an up-to-date breakdown of
acquisitions thus far for 2008:
Total number of
acquisitions: 615
Average amount of US
companies sold per day:
$580,420,082
* All information
according to "Great
American Sell Off"
index updated as of
7/24/08 at
EconomyInCrisis.org. Click
here to see more companies
sold.
|
|
Here are some of the largest recent purchases in
the past five years according to
Businessweek:
Since 1978, the U.S. has participated in a
devastating Great American Sell Off of
16,613
of its best companies to foreign interests.
With these sales, all patents, future revenue
and many jobs go overseas. The end result is
an
increased reliance on imports that inflates
the balance of trade deficit, weakens the dollar
and, in the long-term, dismantles America's
ability to remain a competitive and independent
global power.
The Great American Sell-Off does not limit
itself to U.S. industry, our prime real estate
is also available. In the past months, Abu Dhabi
has shown its fondness for iconic U.S. real
estate by using money earned from America’s
oil addiction to purchase the
Chrysler
and GM Buildings. Now, Abu Dhabi is
interested in forming a joint venture with
General Electric
to
become a top-shareholder and perhaps begin a
takeover bid.
A bleak future of debt and servitude to foreign
interests awaits if America continues to sell
out its best wealth producing assets. Future
generations will bear the cost of our economic
demise if we are not instrumental in ending this
dangerous downward spiral. We are being pushed
to the brink of developing an economic profile
of a third-world country. Immediate action is
needed to avert a major economic crisis.
Click
Here To See "MSNBC : Business : America for
sale?".
