WH: Foreign investment in US up 49 percent in 2010

Source: Associated Press

WASHINGTON -- President Barack Obama's Council of Economic Advisers says foreign investment in the United States has increased by 49 percent from last year, but still not enough to rise to the 2008 level.

Council chairman Austan Goolsbee said Monday that investment in both capital expenditures and research and development by foreign companies increased to $228.5 billion in 2010, compared to $153 billion in 2009. Direct investment in the United States by foreign companies totaled $319.7 billion in 2008.

The U.S. ranks tops in the world in foreign direct investment.

In a statement, Obama said "promoting foreign direct investment is an important opportunity to accelerate our economic recovery." He warned that in a global economy, the U.S. faces increasing competition for overseas investments.

Read more: http://www.sacbee.com/2011/06/20/3714039/wh-foreign-investment-in-us-up.html

Little point in bandying large numbers about without putting them in perspective.

And 90 percent of that foreign investment came from Canada, Europe and Japan, with less than 1 percent from China.

more: http://www.chicagotribune.com/business/breaking/chi-foreign-investment-in-us-rises-49-20110620,0,3061627.story

Are these foreign investors just deluded? Or are those corporate honchos acting in concert with the Republicans to prevent job creation in hopes of a Republican president?

Hoorah!! Foreign investment. Here's a highway. How about the parking revenue of Chicago for the next 40 years. For sale. Cheap. In our front yards.

And 90 percent of that foreign investment came from Canada, Europe and Japan, with less than 1 percent from China.

more: http://www.chicagotribune.com/business/breaking/chi-foreign-investment-in-us-rises-49-20110620,0,3061627.story

Surprising. Apparently 90% Canada, Europe and Japan.

http://www.chicagotribune.com/business/breaking/chi-foreign-investment-in-us-rises-49-20110620,0,3061627.story

average, which is 30 percent higher than U.S. average pay", Goolsbee said.

Overall, foreign firms employed 5 percent of the U.S. workforce, or 5.7 million workers.

"The United States consistently receives more foreign direct investment than any other country in the world," President Barack Obama said in a statement. "By voting with their balance sheets, businesses from abroad have clearly stated that the United States is one of the best places in the world to invest."

In the years leading up to 2009, the United States had more than twice as much foreign investment than China, the report states.