Spencer Bachus: “I hope that all Members of this body recognize the benefits to our economy from the robust level of foreign investment…”

“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.”