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Thursday, September 11, 2008

Budweiser no longer American?

This is pretty old news. Anheuser-Busch, one of the US's largest breweries was taken over by In-Bev, a foreign brewery that brews Stella Artois and Beck's. It was a pretty big deal when that deal was announced. A lot of people were pretty annoyed that another US company is being taken over. Well, some people are suing to try to have that deal blocked. It makes some sense.

In a time where people are paying more attention to the economy than ever, this is a time to try to keep businesses. With this takeover, we are funneling even more money away from the US. We don't export much anymore. We're importing more than ever. Then we have all those outsourcing/offshoring jobs. We have a lot of manufacturing in China. I mean, what do all these moves sound like? Sounds like the big business men padding their wallets without any regard to the bigger impact they are making on the others and the US economy.

I'm not saying that blocking this deal would solve our economic crisis right now. There are so many factors that pushed us into this situation. I have no idea how we are going to fix this. It just sucks to lose a large US corporation. But then again, what do I care, I drink a lot of imports and drive a Toyota. But my Toyota was assembled in the US. Does that count?

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