Sure it can. Yesterday, Unocal accepted US-based Chevron's bid over the Chinese bid. Also on the same day, US-based Whirlpool entered a bid for Maytag, which made China's Haier fold its bid.
America is not just competing, but its winning.
Unfortunately for Fortune, they posted this article one day too late.
Yes, we won a couple of the battles lately...but don't for a moment believe that we're winning the war. Take one look at the trade deficit and note which way the money tide is moving.
Over the higher Chinese bid.