Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 12, 2008 7:48:14 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

For Sale: These United States

Posted Jan 20, 08 10:41 AM CST in Politics,  Business,  US 

(Newser) – Some Americans are outraged about illegal immigrants crossing the Mexican border, but the New York Times' Maureen Dowd thinks that the breech of some financial boundaries are of greater concern. "Who’s going to own the American economy?" she asks, pointing to oil-rich countries taking advantage of the weak dollar to snap up US assets.

Dowd notes that Citigroup and Merrill Lynch have had to beg foreign investors for bailouts and notes that President Bush was holding few economic cards on his Middle East trip. She agrees with Warren Buffett's view that "we are giving ourselves a party to feed our appetite for oil and imported goods and paying for it by selling off the furniture."

Source New York Times

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
President George W. Bush, left, talks with Saudi King Abdullah before their dinner at Al Janadriyah Ranch, Saudi Arabia, Tuesday, Jan. 15, 2008. Maureen Dowd agrees with Hillary Clinton's opinion that...   (Associated Press)
A Wall St. sign is seen in front of the American flag light display at the New York Stock Exchange, Monday, Dec. 31, 2007 in New York. Wall Street's over-reaching means the US economy depends on loads...   (Associated Press)
"Who's going to own the American economy?", asks Maureen Dowd in the New York Times, concerned about the petrodollars buying up US assets. (AP Photo/Dr. Scott M. Lieberman)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 4)

Tags

George W. Bush  • US economy  • Citigroup  • Merrill Lynch  • US dollar  • Warren Buffett  • weak dollar  • Maureen Dowd  • petrodollar  • foriegn investors


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other US Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »