Congress continues to sleep, focused on keeping their jobs and making a political circus of the countries problems along with the president. Meanwhile, the Chinese have taken more US jobs and a key technology industry.
Try to go and buy cookware without a made in China sticker. The USA has a government full of fools and we are going to suffer greatly if we do not act on the with urgency.
Wanxiang America, the U.S. arm of a Chinese automotive parts giant, won the bidding for a bankrupt Massachusetts-based lithium battery manufacturer that was once hailed as a cornerstone of President Obama’s quest for American dominance in electric vehicles and battery technology.
A123 Systems announced Sunday that Wanxiang would pay $256.6 million for all of A123’s technology, its manufacturing facilities in the United States and China, and its contracts with utilities seeking grid storage and automakers seeking batteries for electric and hybrid vehicles.
http://www.washingtonpost.com/business/economy/chinese-company-buys-battery-maker-that-got-recovery-funds/2012/12/09/9f35a4fc-4240-11e2-8061-253bccfc7532_story.html
American International Group becoming Chinese International Group in unsurprising transfer of assets as USA continues to sink relative to America.
| CNBC.com | - |
American International Group on Sunday said it would sell up to 90 percent of its ILFC airplane leasing business to a Chinese consortium led by New China Trust in a deal that values ILFC at $5.28 billion.http://www.cnbc.com/id/100293614
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