Posted on Jan 23, 2024
Approve the Nippon-U.S. Steel Deal | Washington Monthly
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'“Today, a critical piece of America’s defense industrial base was auctioned off to foreigners for cash,” Senator J.D. Vance, the Ohio Republican, said in a statement. Senator John Fetterman, the Pennsylvania Democrat, cranked up the indignation: “It’s absolutely outrageous that U.S. Steel has agreed to sell themselves to a foreign company.” For good measure, he dragged in the trope about “hard-working Americans being blindsided by greedy corporations willing to sell out their communities to serve their shareholders.”'
You won't hear this from me often, but I agree with Fetterman. It's not about profit at the top tier. If Nippon want to invest large capital in US Steel let them. Outright ownership of the company is a NO in my opinion.
SGT James Murphy, CPT Jack Durish,
SPC Gary Welch, SGT Mark Anderson,
CPL Douglas Chrysler, LTC Trent Klug,
CSM Charles Hayden, SMSgt David A Asbury,
SSG William Jones, MSgt Robert "Rock" Aldi
SSG Michael Noll, MAJ Dale E. Wilson, Ph.D.
SGM Erik Marquez, CW3 Harvey K.
SFC William Farrell, CPL Ronald Keyes Jr
Sgt (Join to see), SSG (Join to see)
1SG Dan Capri, LTC (Join to see)
You won't hear this from me often, but I agree with Fetterman. It's not about profit at the top tier. If Nippon want to invest large capital in US Steel let them. Outright ownership of the company is a NO in my opinion.
SGT James Murphy, CPT Jack Durish,
SPC Gary Welch, SGT Mark Anderson,
CPL Douglas Chrysler, LTC Trent Klug,
CSM Charles Hayden, SMSgt David A Asbury,
SSG William Jones, MSgt Robert "Rock" Aldi
SSG Michael Noll, MAJ Dale E. Wilson, Ph.D.
SGM Erik Marquez, CW3 Harvey K.
SFC William Farrell, CPL Ronald Keyes Jr
Sgt (Join to see), SSG (Join to see)
1SG Dan Capri, LTC (Join to see)
Approve the Nippon-U.S. Steel Deal | Washington Monthly
Posted from washingtonmonthly.com
Economics
Foreign Affairs
SW: Steelworker
Posted 4 mo ago
Responses: 3
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I don't like foreign companies owning US firms, but in this case it's Japan. Japan has a history of operating profitably and paying employees well. Their US inspired process of Kaizen is how they operate. Lean operations lead to profitable business.
Now, if it were China, I'd be completely against it. But if anyone can make this company competitive, it will be Japan.
Now, if it were China, I'd be completely against it. But if anyone can make this company competitive, it will be Japan.
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SSG Gerhard S.
Shouldn't or politicians, and bureaucrats enact laws, and policies that allow American companies to be competitive? By "enacting laws, and policies"... I mean get out of the way.
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SSG Gerhard S.
Corporations exist to create periodically, or provide services that will generate profits for their shareholders. So long as our politicians, and bureaucrats make it unprofitable to operate in the US, we SHOULD expect more of the same.
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Until, and unless our politicians, and bureaucrats get serious about allowing businesses to operate profitably here in the US, we should only expect more of the same.
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