Europe is Invading Our Stimulus Package


icon_digg22 In a post last week I sited excerpts from an article regarding how China is shopping for American businesses at bargain prices within a time piece entitled “Things go Better with Coke”.  Well it seems I was a bit far sighted, since I see in the Washington Post today the European countries are coming to the States too.

Not necessarily for business “buy outs”, but instead to start lobbying activities for our $787 billion dollar Economic Stimulus Recovery package. Foreign nations and companies are stepping up their lobbying efforts in Washington and in state capitals, hoping to gain vital business in hard times. Hundreds of foreign-owned companies, many of them with significant operations in the United States, are selling their expertise in clean energy, high-speed transit and other technologies that undergird key aspects of President Obama’s stimulus efforts.

The following is an excerpt from the Post article, entitled: “Foreign Firms May Cash In on Stimulus Act With Expertise U.S. Companies Lack”, authored by Dan Eggen.

Telecoms such as Alcatel-Lucent of France, for example, and its New Jersey-based research arm, Bell Labs, are eligible to seek part of $7.2 billion in stimulus money set aside for upgrading broadband networks. Most global companies specializing in the transit and high-speed rail projects envisioned under the stimulus act are based in other countries — Canada’s Bombardier and France’s Alstom, for example. Transurban Group of Australia, which is helping develop high-speed toll lanes along the Capital Beltway, is a world leader in developing toll roads.

Sanyo North America, an arm of the Japanese technology giant, has already broken ground on a new solar-panel plant in Oregon and is readying strategies to tap into stimulus-related business, according to company officials. The firm recently registered as a lobbying organization in Washington for the first time since 2001, Senate records show.

I’m not for our government to establish policies of “protectionism”, but as we all know when there’s money to be had and lobbyists are involved, congressional votes are many times purchased at the tax payer’s expense, in this case “jobs”.

Earnestly it’s our civil duty to become politically involved, perhaps more so than we ever have before, to insure our politicians subscribe to a stick code of ethics and we vote our choice by moral character instead of political party in the election two years from now.

Here could be the type of jobs other countries are perhaps attempting to take from us:

Made In America

Hear the story of Troy Galloway, an American whose job and neighborhood have been revitalized by wind turbine manufacturing.


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