Posted on 07/20/2024 9:12:26 AM PDT by george76
Ka-ching!
Does this make him have to register as a foreign agent or that he works for a foreign government?
If a nation cannot own and produce its own steel, it is finished.
Tucker Carlson must be right about Pompeo. He is a snake.
Nothing wrong with foreign investment but, IMHO the government should insist in acquiring a golden share in any foreign owned company buying a domestic one with strategic value, so that it can if necessary veto decisions that are not in the national interest, such as closing sites and moving the manufacturing abroad.
This is how DC works.
Cabinet members should have a lifetime ban on lobbying for anything for anyone.
Another deep state grifter making big bucks pimping for the MIC. I believe this turd joined the board of Veon’s Ukraine subsidiary as well.
These people are complete sickos. Money and power are their gods.
Ugh
“We’re bigger than US Steel”
There was a time when I would have wished him well and that he gets a lot of money because he would not be welcome here again. That isn’t true now. Principles don’t matter to most any more. It is all just about the money.
I guess Pompeo will not be in Trump’s cabinet despite his new silhouette.
Disappointing to hear this about Pompeo, given his bona fides. He’s cashed in his experience, and now is a mouthpiece for foreign governments. Disloyal.
“Michael, we’re bigger than Nippon Steel!”
He was always a Deep State/intel neoncon, and I was sorry to see Trump had him speak last week.
Yeah, still many corrupt neocons hanging around. Hopefully one doesn’t snake their way into Secretary of astate
I can't imagine we'll keep making steel in this country for long without that foreign investment. I don't know enough about the details of this deal to know whether Nippon is the best buyer, but this mindless opposition to foreign companies is such a self-own.
“We would be producing our own steel — with foreign investment in our country. That’s a good thing.”
A lot of foreign takeovers are only about getting the customers and the business and moving the manufacturing offshore. Dont be deluded.
I never liked Pompeo but this is hardly a reason to criticize him. Opposing the acquisition of U.S. Steel to “protect American jobs” is laughable. U.S. Steel is a fading dinosaur that isn’t even a titan in the industry anymore.
In the steel industry, it’s actually the opposite.
The U.S. government is a major buyer of steel — mainly for military production and highway bridges.
Federal law dating back to the 1930s requires government contracts to use at least 55% domestic content for these materials. This number has grown in recent years, and will be 75% by 2029.
Foreign steel producers like Nippon (Japan) and ArcelorMittal (Great Britain) are expanding their U.S. presence to take advantage of these domestic production requirements.
Another sellout.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.