Americans are less likely to attack the Homeland than perhaps some others are. We know that there's an ideological divide between some people who live in the eastern, uhhhh, hemisphere and some people who, the rest of us who live in the western, uhhhh, hemisphere.For a bill with such far-reaching economic consequences, Rep. Saxton's proposal is woefully short on details. Not only does this bill fail to outline what foreigners can and can not own, but it defers to the Whitehouse's definition of "critical infastructure" which could be anything from agriculture/food, water, energy, transportation, banking and many other industries. This bill would obstensibly require thousands of foreign-0wned companies to divest in the United States such as Evain water, Danon yogurt, Stouffer's lasagne, as all are foreign owned. Says economist Gary Huffbaker of the Institute of International Economics,
If (this piece) of legistation passes, it will be a sign to the world that the United States is taking a new more nationalistic attitude towards investement in this the United States by foreign companiesTo which Saxton responds, "This is about national security, not about fostering some (econonic) competition. There will be costs." He's right about that much at least, there would indeed be costs! Now the last thing I want to do it get into a free-trade argument, but it does occur to me that Rep. Saxton's bill could have some pretty major economic consequences--nothing short of completely overhauling our trade policy in this country. (In my opinion, it would be a fiscal catastrophe!)
And for what? Is Rep. Saxton using this port-controversy to make a distinction between himself and an unpopular president? And if this is the case, why would he defer to the president's definition of "critical infastructure."
Mr. Saxton what are you thinking?
(And for my fellow 3rd District voters: THERE IS A BETTER WAY!!! JIM SAXTON HAS GOT TO GO! READ HIS QUOTE--HIS WORDS--AND JUDGE FOR YOURSELF IF THIS IS THE KIND OF PERSON YOU WANT ADVOCATING FOR YOU IN WASHINGTON!! THERE IS A BETTER WAY!! RICH SEXTON FOR CONGRESS IN NJ-3!!!http://www.richsextonforcongress.com/