In a strange twist of events, the Chinese government is criticizing the U.S. Congress for "erecting barriers" in the monumental deal between China's energy firm CNOOC and the American oil company Unocal. Congress has urged the White House to block the deal under the banner of "national security." Odd that the GOP is now hankering to control business. What happened to free-trade and beauty of private enterprise? Apparently, those ideals are only applicable for certain situations.
The truth of the matter is, in the forum of small business vs. the federal government, the Feds usually win. But not in a competitive, "I have more money than you" sense. It is inherently impossible for all small businesses to work easily and in accord with the federal government. To help this relationship, Congress has always passed special rules and procedures to help these businesses navigate the federal marketplace. Yet, we are now witnessing Congress urging a sitting president to effectively control the outcome of a international business deal? Not sure i understand the national security threat either...unless they're talking about global warming which will increase dramatically if China becomes the American dream of two SUVs per family.