The government gives $$$$ to help businesses profit overseas.

[dixiegrrrrl]

Amazing...I had no idea. A FOR Profit Government agency that makes money by loaning private business money to make money.

And boy, have we been busy privatizing Africa and Asia...

example:
2003 Asia and the Pacific, Philippines Name: National Power Corporation ("NAPOCOR")
US Sponsor: U S BANK NATIONAL ASSOCIATION
Type: Insurance
Description: privatization of power company

The Overseas Private Investment Corporation (OPIC) is an agency of the United States Government established in 1971 that helps U.S. businesses invest overseas and promotes economic development in new and emerging markets. OPIC's mission is to "foster economic development in new and emerging markets, support U.S. foreign policy and create U.S. jobs by helping U.S. businesses to invest overseas." The agency provides political risk insurance against the risks of inconvertibility, political violence, or expropriation. OPIC also provides financing through direct loans and loan guarantees. OPIC operations cost nothing to American taxpayers because it charges market-based fees for its products and services. The agency has earned a profit in each year of operations — US$ 175 million in 2002 — and built its reserves to more than US$ 4 billion.
And the people running it are familar faces...see source, Wiki:
http://en.wikipedia.org/wiki/Overseas_Private_Investment_Corporation

[madrchsod]

1. that`s why i lost my first good union job in the 70`s

the second good union job i lost was due to "free trade" with china

[dixiegrrrrl]

2. It has been going on under the radar for a long time now.

Too long.