Agreed.
I'm not sure how it works at present, but I agree that the U.S. govt. should not give any financial guarantees, etc. to companies who voluntarily move overseas. (I recall hearing about a U.S. statuted that DOES provide U.S. companies with insurance. If so, it should be scrapped immediately.
You play with fire, you might get burned.
Funny.
I get no response (from the anti-overseas people) to the question of how many people have taken a vacation or holiday in a foreign country.
Because if you spend $5,000 on a vacation trip OUTSIDE the U.S., the entire amount (minus travel agent fees) goes to that foreign country.
On the other hand, if I buy a $20 (china made) toaster at Wal-Mart, $10 probably goes to Wal-Mart, $5 to the transportation company, and $5 to the foreign business which made the damn thing.
Likewise, since 60-percent of our energy is imported, each time we fill our vehicles with gasoline, (say.... $40 a fillup), then about half of that is going to a foreign company.
Financial things are not so simple.
All I know is that as U.S. citizens, we should have as many choices as possible.
The way it works at present is that the US not only guarantees corporations against losses, with your tax dollars and mine, but it paves the way for companies to move with "trade capacity building" building roads, water storage, power infrastructure and IT infrastructure, with your tax dollars and mine.The fraudulently named "free trade" system is a scam of global proportions on the American people and our economy.