Defending the indefensible....
One of the "secret" reasons for the deal is that the Arabs have few good places to invest their money.
Michael Savage is saying that we should prohibit foreigners from buying GM or Boeing. (This is not a new suggestion, he is just making it current.) And, I agree.
The economics is that the Arabs have all this oil money and if they are limited in their investments, then what can they do other than buy foreign currency? Invest in China? Not likely...Invest in India?
What do they do with their money? Any suggestions?
Palistinian businesses and manufacturing plants?
Mexican manufacturing plants?
"Michael Savage is saying that we should prohibit foreigners from buying GM or Boeing."
The instant that prohibition comes into place, FDI capital will flee the United States, and the ensuing capital market collapse will mean that a lot of Americans will lose every dime they've set aside for their retirement.
I propose letting the Democrats make that sort of socialistic f***-up instead of Republicans.