For Sale: These United States

Bush, US companies reduced to holding out a tin cup
By Rob Quinn,  Newser Staff
Posted Jan 20, 2008 10:41 AM CST
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)
camera-icon View 2 more images

(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."