Obama touts surge in foreign investment
June 20th, 2011
02:45 PM ET
3 years ago

Obama touts surge in foreign investment

WASHINGTON (CNNMoney) - Foreign companies plowed 49% more money into the U.S. economy in 2010 compared with the prior year, the Obama administration said Monday.

And 90% of that foreign investment came from Canada, Europe and Japan. Less than 1% of the foreign investment came from China.

FULL STORY

Filed under: CNNMoney.com • Economy • President Obama
soundoff (8 Responses)
  1. terry,va

    Foriegn country's will own this country. Why? American companies are too smart to do business with Obummie's policies. Foriegn companies don't have to go by Obummie's healthcare plan, EPA reqirements etc. Obummie is a fool and shame on the American people if they put that fool in office in 2012.

    June 20, 2011 03:05 pm at 3:05 pm |
  2. Rick McDaniel

    That investment came largely at the expense of American jobs, however.

    June 20, 2011 03:13 pm at 3:13 pm |
  3. Blaine

    You are just awesome, Obama. Contrary to what the companies themselves say, international corporations love the taxes, trade, and labor restrictions that you impose upon them if they choose to come here.

    June 20, 2011 03:29 pm at 3:29 pm |
  4. Rudy NYC

    Gee. Waddya' know? I seems some of that time spent abroad repairing our image has helped.

    June 20, 2011 03:50 pm at 3:50 pm |
  5. Name king

    Foreigners like this president, no matter how the repugs tries to demogog him. They are giving America more investment opportunities, as obama travels to their countries. To them obama is a breath of fresh air comparing to bush. I wonder how they'll reacts if one of those right wing tea bagging crew ever gets into office. China stocks would surge in their eyes. When Obama went to brazil and told them that he would buy oil from them for economic favors, since their country was on a upward swing. The oil companies sent their repug attack dogs on him. Lesson we are tired of these oil companies polluting our soil and air, raping Americas oil supplies, then not paying taxes because of the repugs oil subsidies. Then bringing our oil on the international market, and charge the hell out of us in gas hike.

    June 20, 2011 04:15 pm at 4:15 pm |
  6. Sniffit

    "Foriegn country's will own this country. Why? American companies are too smart to do business with Obummie's policies. Foriegn companies don't have to go by Obummie's healthcare plan, EPA reqirements etc. Obummie is a fool and shame on the American people if they put that fool in office in 2012."

    Yammer yammer talking point. Blah blah buzzword I heard on Faux Noise. Hibbity jibbity jibba jabba BOO! Be scared and angry that you don't understand how the world works, cuz neither do I!!! Blah lah buzzord garbledigook Limbaugh Hannity and Beck said so. I are so upset and can't english very well!

    June 20, 2011 04:18 pm at 4:18 pm |
  7. The Elephant In The Room

    Access to the American market – to sell goods to the consumption society of the US – is highly desired by global companies seeking to profit. Policies which link access to our lucrative markets with foreign investment here [for example building a factory] will contribute to more employment here.

    Those "ACCESS" policies may be tax & tariff related based on US-originated- content. There is a way to level the playing field so that the "Price-of-Entry" to our markets are to apply our EPA-caliber laws or to use renewable energy to produce goods and services to be sold here. Because our market is SO LARGE, the standards we set here will impact the entire world.

    It's like windsheild company that wants to be a supplier to Toyota. To have access to Toyota's customer base, they DEMAND that suppliers meet certain criteria ( quality, on-time delivery, environmental friendliness).

    The United States Government can do the same thing to incentivize factories and plants be build here. That's the price of admission.

    June 20, 2011 04:28 pm at 4:28 pm |
  8. Democrat Class Warfare - Destroying the economy, destroying the country

    Buying up American companies that Obama and the Democrats helped destroy. Yeah, a real cause for celebration from the Clueless Commander-in-Coma.

    June 20, 2011 04:32 pm at 4:32 pm |