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The Selling Of America

August 12, 2008

Due to the current financial crisis that has gripped the U.S., famous American companies are being snapped up by large foreign conglomerates.

The landmark Chrysler Building has been sold to foreign investors, Citibank is seeking massive bailout help from the Middle East and now Anheuser-Busch has been bought by a Belgian company to the displeasure of Senator Claire McCaskill. Other such deals are currently on the table.

US senator blames weak dollar for Anheuser-Busch takeover

A US senator said Monday the weak dollar was to blame for the takeover by Belgian-Brazilian brewer InBev of rival Anheuser-Busch for 52 billion dollars (33 billion euros).

“I’m disappointed,” Senator Claire McCaskill of Missouri said after the deal was announced creating the world’s biggest brewer.

McCaskill and others from the home state of Anheuser-Busch had opposed the sale to the Belgian-based firm, claiming the 150-year-old American icon and maker of Budweiser would be lost to foreign investors.

“We need to remember that InBev could afford this All-American company because of the weak dollar created by the economic policies of the last seven years. It’s time for a change in our nation’s economic priorities.”

While ending Anheuser’s roughly 150 years of independence as a premier American brewer, the deal creates not only the world’s largest beer company but one of the top five consumer goods groups in the world.



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