The Federalist: China Buys up the United States

Thursday, September 6, 2012

China Buys up the United States

Now Chinese Owned.
Hawker Beechcraft Corporation of Wichita, Kansas, with 8,000 employees.
As of July, 2012 the company is owned by China.

The Road to Serfdom Series
Communist China is on a spending spree buying up American companies and natural resources

Chinese companies act on behalf of China's Communist Party rulers. Communist State-run firms represent about 90% of Chinese outbound investment, according to the Heritage Foundation.
What American will speak out against the policies of China when their paycheck comes from the Communist Party?
As usual neither American political party will even discuss this subject. Instead they want to distract you with the stupid social issue of the moment while the country is being sold off and your new Master at work is another nation.

The assets of the United States are being sold off and there is a near total media and political blackout on the subject. . . . . except here at THE FEDERALIST blog.

Communist Party owned Chinese companies are plowing money into U.S. and buying up assets at a record pace, making huge bids for American energy, aviation, entertainment and other businesses.

The increase in investment, already at least $8 billion this year, comes despite lingering American anxieties about potential breaches of national security and loss of technology to the powerful Asian competitor reports the Los Angeles Times.

As usual Chinese purchases have received little attention in the political campaigns of either major U.S. party.

Natural resources remain a major target for the Chinese, who have scoured the globe for oil and minerals to fuel the nation's rapid industrial development. In April, China Petrochemical Corp, also known as Sinopec, closed a $2.5-billion deal to buy a one-third stake in Devon Energy Corp. of Oklahoma City.

Across other industries, Chinese corporations are buying into American companies for their prowess in branding, marketing and research capabilities.

Conglomerate Dalian Wanda Group paid $2.6 billion this year for the heavily indebted AMC Entertainment, one of the largest movie theater chains in North America. The deal gives Wanda a foothold in the U.S. entertainment industry and a chance to gain expertise in the day-to-day operations of movie theaters.

Just this month, Chinese auto parts giant Wanxiang Group Corp. announced plans to provide a $465-million rescue package for struggling battery maker A123 Systems Inc., based in Waltham, Mass. The agreement gives Wanxiang, one of China's biggest private companies, a chance to buy a majority stake in a world-class battery developer for electric cars.

Rep. Cliff Stearns (R-Florida) has warned that Wanxiang's investment in A123 could end up as a transfer of taxpayer-funded intellectual property to a "foreign adversary." The battery maker was the beneficiary of a $249-million clean-energy grant from the Department of Energy.

Concerns have been raised about a massive $15.1-billion bid by the Communist state-owned China National Offshore Oil Corp., or CNOOC, to buy Nexen Inc., a Canadian oil company with operations in U.S. waters in the Gulf of Mexico.

China buying up the United States - CHEAP
Lou Dobbs about foreign governments buying up the United States. Dobbs' report is from 2008 but nothing has changed. The story is dead on.

Chinese investments in U.S. companies hit a record of nearly $9 billion in 2007, according to separate data compiled by Dealogic, a research firm, and Derek Scissors, a Heritage Foundation analyst who follows Chinese investments. Their figures don't include Chinese purchases of American bonds, private real estate purchases and many smaller acquisitions.

"The Chinese government has given an implicit green light to reach overseas to secure assets that will help Chinese businesses thrive in the long term," said David Wolf, the Beijing-based head of the Wolf Group Asia consulting firm.

China Buys AMC as Part of Hostile Media Takeover
In 2012 the Chinese company Wanda announced it purchased AMC, the second-largest theater chain in the USA, increasing fears that the Chinese Communist Party is expanding its influence globally as part of a media takeover.

Chinese companies act on behalf of China's Communist Party rulers, rather than shareholders. State-run firms represent about 90% of Chinese outbound investment, according to the Heritage Foundation.

The Asia Society estimates Chinese overseas investment will climb to $1 trillion by 2020, presenting a major opportunity for foreign markets.

One Chinese company looking to increase its American presence is Xinjiang Goldwind Science and Technology Co., China's second-largest wind turbine maker. The company has invested more than $200 million in U.S. wind farms in Illinois and Montana.

(Los Angeles Times)

In April, 2012 the Communist Party owned China Petrochemical Corporation closed a $2.5-billion deal to buy a one-third stake in Devon Energy Corp. of Oklahoma City which has 5,200 employees.

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The Road to Serfdom Series

The world is moving toward a modern form of Neo-Serfdom where everyone works for the all-powerful State or businesses controlled by the State. A world where individual property rights and economic freedom do not exist.

FREEDOM IS VANISHING: What happens when the major employers are owned by government backed investment groups, or your food comes from government owned farms, or your news is delivered by so-called "private" corporations but are in reality connected and interconnected to governments?

George Orwell had a name for it: Big Brother.

Please check out other stories in our Serfdom series.

THE FEDERALIST - "750,000 Chinese have Colonized Africa"

THE FEDERALIST - "Korea secretly buys Australia."

THE FEDERALIST - "Australia and Africa become Arab Food Colonies."

THE FEDERALIST - "China buys Australia (For Cheap Too)"

THE FEDERALIST - "The Chinese conquest of Africa"

THE FEDERALIST - "China buys New Zealand - The Road to Serfdom, Part XVII"

THE FEDERALIST - "Arab Food Colonies in Black Africa."

THE FEDERALIST - "Chinese colonization of New Zealand blocked."

THE FEDERALIST - "Chinese "Slavery" in Africa - The Road to Serfdom, Part XIV."

THE FEDERALIST - "Argentina fights Saudi Land Grab."

THE FEDERALIST - "LAND GRAB: 160,000 people thrown off their land."

THE FEDERALIST - "China is buying up Argentina."

THE FEDERALIST - "Corporations use Global Warming to steal land."

THE FEDERALIST - "China wants to buy a huge chunk of Iceland"

THE FEDERALIST - "China to buy up Australian farmland"

THE FEDERALIST - "Brazil takes action to protect their farmlands from foreigners"

THE FEDERALIST - "Saudi Arabian "Food Colonies" in Argentina"

THE FEDERALIST - "China buys oil fields in Texas"

THE FEDERALIST - "America is committing suicide - The Road to Serfdom, Part IV"

THE FEDERALIST - "The Road to Serfdom, Part III"

THE FEDERALIST - "Benito Mussolini was right"

THE FEDERALIST - "The Road to Serfdom, Part II"

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Thomas Pinckney, Federalist

Commissioned as captain in the 1st South Carolina Regiment of the Continental Army. After seeing much action, he became an aide-de-camp to General Horatio Gates. He was captured by the British at the disastrous Battle of Camden in 1780. After recovering from his wounds, he was released in a prisoner exchange. In 1781 he fought under Lafayette in Virginia. Appointed by President George Washington to be the U.S. minister to Great Britain served as Envoy Extraordinary to Spain. The Federalist Party made him a candidate in the 1796 presidential election as the intended running-mate of John Adams. Served as Congressman and Governor of South Carolina. Served as a major general in the Army during the War of 1812.

Henry Lee III, Federalist

Major General "Light-Horse Harry" Lee fought at the battles of Paulus Hook, Guilford Court House, Eutaw Springs, Yorktown and the Whiskey Rebellion. Federalist Congressman from Virginia, Governor of Virginia. Father of Robert E. Lee. In 1812 Lee was attacked by a Jeffersonian mob of Democratic-Republicans while defending a Federalist newspaper from attack. Lee and the other Federalists were beaten and tortured by the mob over the next three hours. Lee was left partially blinded after hot wax was poured into his eyes. The men were left for dead. All were severely injured, and one Federalist, General James Lingan, died.

Frederick Frelinghuysen, Federalist

In the War of Independence he served in the New Jersey militia as an artillery captain, seeing action at Trenton and Monmouth. Attained the rank of colonel. Member of the Continental Congress. Served in the New Jersey General Assembly. Member of the New Jersey convention that ratified the United States Constitution in 1787. President George Washington appointed him as brigadier general in the United States Army for the 1790 campaign against the western Indians. Commissioned major general in the New Jersey militia in 1794, during the Whiskey Rebellion. Elected to the United States Senate.

Stephen Van Rensselaer, Federalist

Van Rensselaer served in the New York Assembly and Senate. He served as the Federalist Lt. Governor under John Jay. In 1786, Van Rensselaer was made a major of the militia. As a Major General in the War of 1812 he led an army in an invasion of Canada and fought at the Battle of Queenston Heights. In 1813 Van Rensselaer was the Federalist candidate for Governor of New York earning 48% of the vote. A shift of only 1,800 votes would have made him Governor. In 1822 he was elected to Congress as a Federalist serving until 1829.

WILLIAM PATERSON, Federalist

James Hillhouse, Federalist

Hillhouse served as captain in Governor's Foot Guards in the Revolutionary War. He was a member of the Connecticut House of Representatives, Congressman from Connecticut at-large, 1791–96, and a Federalist Party U. S. Senator from Connecticut, 1796–1810. He was the anti-slavery leader of the Congress in the early days of the Republic. After the Louisiana Purchase of 1803, Hillhouse fought to bar the importation of slaves into the Louisiana Territory. "I consider slavery as a serious evil," he proclaimed, "and wish to check it wherever I have authority." Two of Hillhouse's amendments restricting slavery passed the Congress and were signed into law.

Oliver Ellsworth, Federalist

In 1777 he was chosen as one of Connecticut's representatives in the Continental Congress. Served at the Constitutional Convention in Philadelphia as a delegate from Connecticut. On June 20, 1787 he proposed the use of the name the United States to identify the nation under the authority of the Constitution. United States Senator from Connecticut. Ellsworth was the principal exponent in the Senate of Alexander Hamilton's economic program. In 1796 Ellsworth was appointed by President George Washington to be Chief Justice of the United States. Served as United States Envoy Extraordinary to the Court of France. Ellsworth was a candidate in the 1796 United States Presidential election, receiving eleven votes in the electoral college.

Robert Goodloe Harper, Federalist

At the age of fifteen, Harper joined a volunteer corps of Cavalry and served in the American Revolutionary Army. Harper was elected as a Federalist Congressman from South Carolina (1795 - 1801). In 1798 at a dinner in Philadelphia honoring John Marshall, a group of U.S. Congressmen were discussing a recent demand made by the government of France. French vessels had been plundering US ships in a piratical manner. French foreign minister Talleyrand said the attacks would be stopped if the US paid him $250,000 and gave France 50,000 pounds sterling and a $100 million loan. As toasts were made, Harper sent his own defiant reply to the French with this toast: “Millions for defense but not one cent for tribute.” Harper served in the War of 1812, attaining the rank of major general. He moved to Maryland and was elected as a Federalist to the US Senate. He was an unsuccessful Federalist candidate for Vice President in the 1816 election. He also received one electoral vote for Vice President in the 1820 election.

Jacob Read, Federalist

Alexander Contee Hanson, Federalist

Member of the Maryland House of Delegates. Editor of the "Federal Republican", a Federalist Party newspaper in Baltimore. Four days after the beginning of the War of 1812 a mob of pro-war Democrat-Republicans destroyed his newspaper office. The paper moved to another building where Hanson was joined by a group of armed allies. When that building was besieged by another mob, Hanson and his group fired, killing two. Hanson and his group surrendered to the militia and were escorted to jail. That evening yet another mob stormed the jail. Hanson was beaten and left for dead. Hanson was elected as a Federalist to Congress in 1812 and 1814. In 1816 he was elected as a Federalist to represent Maryland in the U.S. Senate until his death in 1819 at the age of 33.

William Bingham, Federalist

As a merchant he brought full loads of munitions & guns for the war. Served as a diplomat for Congress to France. Bingham marshaled the Second Troop of Philadelphia Light Horse. He served in the Continental Congress, 1st Speaker of the Pennsylvania House of Representatives, State Senator, and US Senator. Federalists agreed to hold preliminary votings at the Bingham Estate before propositions were brought before Congress publicly, thus creating unanimity among party lines. Alexander Hamilton sought Bingham as his mentor in managing taxes, tariffs, and in constructing a national bank.

Ezekiel Whitman, Federalist

Whitman practiced law in New Gloucester, Maine and in Portland, Maine (both communities a district of Massachusetts until 1820). In 1808 Whitman was elected as a Federalist Congressman from Massachusetts and served one term. In 1816 he was again elected as a Federalist to the US House serving from 1817 to 1821. In 1819 he was a delegate to the convention that prepared the constitution which led to Maine's statehood. In 1820 he was elected as a Federalist Congressman from the new state of Maine serving until 1822. Chief Justice of the Maine Supreme Court from 1841 to 1848.

David Cobb, Federalist

Cobb studied medicine in Boston and practiced in Taunton, Massachusetts. He was a member of the Massachusetts Provincial Congress in 1775; lieutenant colonel of Jackson’s regiment in 1777 and 1778, serving in Rhode Island and New Jersey; was aide-de-camp on the staff of General George Washington; appointed major general of militia in 1786. Fought in the New York and New Jersey Campaign, the Battles of Springfield, Monmouth, Rhode Island and Shay's Rebellion. He served the Federalist Party as Lt. Governor of Massachusetts, President of the State Senate and Congressman.

Josiah Parker, Federalist

In 1775 Parker enlisted in the Continental Army. He was commissioned a major in the 5th Virginia Regiment in 1776 and became its colonel in 1778. His regiment served in Virginia under General Charles Lee and was transferred to George Washington. The regiment thereafter saw action at the Battles of Trenton, Princeton, Brandywine, Germantown, Monmouth and the Siege of Charleston. During Cornwallis's Virginia campaign in 1781, the notorious Colonel Tarleton ransacked his home. He was elected to the First US Congress from Virginia serving for twelve years.

William Stephens Smith, Federalist

Smith married Abigail "Nabby" Adams, the daughter of President John Adams, and so was a brother-in-law of President John Quincy Adams, and an uncle of Charles Francis Adams. Served in the Revolutionary Army as aide-de-camp to General John Sullivan. Fought in the Battle of Long Island, was wounded at Harlem Heights, Battle of White Plains, was promoted to lieutenant colonel at the Battle of Trenton, fought at the Battle of Monmouth and Newport. He was on the staff of General Lafayette, became an adjutant in the Corps of Light Infantry, then transferred to the staff of George Washington. Elected as a Federalist Congressman from New York.

Oliver Wolcott, Jr., Federalist

John Rutledge, Jr., Federalist

Rutledge served as Congressman from South Carolina. A passionate Federalist, he supported Aaron Burr against Jefferson, founding the Charleston Courier (predecessor of the Post and Courier) to support his causes. Joining the South Carolina Militia in 1799, Rutledge served as commander of the Twenty-eighth Regiment in the War of 1812. He subsequently commanded the Seventh Brigade from 1816 until his death. Rutledge's life was fraught with controversy. Catching his wife (mother to his nine children) in a "clandestine visit" with Dr. Horace Senter, Rutledge challenged him to a duel, fatally wounding the doctor.

John Sergeant, Federalist

Member of the Pennsylvania state house of representatives 1808-1810; elected as a Federalist to Congress and served from 1815, to 1823. Sergeant was a strong backer of Henry Clay's American System and the Second Bank of the United States, and even traveled to Europe to negotiate loans to the Bank. He was a strong opponent of slavery who voted against the Missouri Compromise. In 1826 he was an envoy to the Panama Congress. Elected to Congress as an Adams candidate 1827 to 1829. Failing re-election he became legal counsel to the Bank of the United States. Sergeant was the Vice Presidential running mate in Henry Clay's campaign on the National Republican ticket in 1832. Elected as a Whig to Congress serving from 1837 to 1841.

John Laurance, Federalist

Philip Barton Key, Federalist

Key had been a Loyalist in the American Revolution. He served in the Maryland Loyalists Battalion as a captain. Key fought with the British Army from 1777 to 1781, until he was captured by the Spanish in Pensacola, Florida with the rest of his battalion. After the war he served as Mayor of Annapolis & member of the Maryland House of Delegates. Appointed a Federal Judge by John Adams. He was a Counsel to Justice Samuel Chase during Chase's Jefferson ordered impeachment show-trial in 1805. Elected as a Federalist to Congress from Maryland (1807 - 1813). Francis Scott Key was his nephew.