All assets in the US of that government should be seized. Any US government bonds in its Treasury should be declared null and void. Any airliners, ships, or trucks from that country that enter US territory should be seized.
Respect for property rights must be reciprocal.
Since when do communists respect property rights?
where's teddy roosevelt when you need him?
Occidental Petroleum made a decision to invest in a Third World sh!t-hole, so let them deal with it. There's no reason why anyone here should feel bad for them when the obvious flaw in investing in Third World sh!t-holes becomes apparent.
I would also suggest that Occidental Petroleum is not necessarily "a U.S. company." If they are like most major publicly-traded companies (though I'm not even sure if they are publicly traded), then they are basically a multi-national corporation that has no allegience to the U.S. except when it suits them to call themselves "American."
I understand, but I respectfully disagree. Eucador didn't confiscate American Govt property - but property belonging to a globally-traded American company.
Govt confiscation of private property is the first, irretrievable step towards national ruin. Eucador, Venezuela, Bolivia are walking down the same track that has led Zimbabwe into the void. South America is falling into an abyss, and its all their own stupid fault. Starving refugees will be pouring into Mexico(!) for decades. The best thing we can do is make sure that history records the inimical effects of socialism first hand, so we can toss the lies of marxists back in their faces.
President George Bush responded by.... Gee, what DID old Georgie say? What will Tony Snow say? Don't hold your breath.