Political Quotes

On the recordFebruary 28, 2007
I hope that all Members of this body recognize the benefits to our economy from the robust level of foreign investment that is coming into this country. A few minutes ago, I mentioned a company that 55 percent of it was owned by one American company, and it is Nokia, which is a Finnish company, yet 55 percent of the stock in that company is owned by American companies. So even those foreign companies are making investments in the United States. A large percentage of those companies are American-owned. You have these foreign investments in our country, foreign-owned companies, the subsidiaries of them employ 5.5 million Americans, and the average wage for those workers is $60,000.
Said by
Spencer Bachus
Alabama

Editor's note · Context

Discussing the economic benefits of foreign investment during debate on H.R. 556.

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