The Losers From U.S. Sanctions: AMERICAN Businesses

U.S. Sanctions Against Foreign Nations Are Hurting American Companies

Who are the losers from U.S. sanctions?  American companies.

Two giant U.S. business groups – the U.S. Chamber of Commerce and National Association of Manufacturers – ran ads in the New York Times, Wall Street Journal and Washington Post protesting sanctions against Russia.  These are not do-good political groups … they are conservative, hard-nosed pro-business groups.

The New York Times reports today:

American business groups have objected to unilateral sanctions, arguing that they would only hurt domestic businesses while their European competitors swooped in.

The National Association of Manufacturers said it “is disappointed that the U.S. is fundamentally extending sanctions in increasingly unilateral ways that will undermine U.S. commercial engagement and reduce the effectiveness of the measures imposed.”

Zero Hedge notes that the sanctions don’t seem to have hurt Russia much:

[The U.S. has] underperformed Russia by almost 20% since unleashing the first set of sanctions and sell recommendations ….

U.S. News and World Report pointed out in April:

Sanctioning Russia’s energy sector is a bad idea that will only marginally hurt Russia ….

Russia is the world’s third largest oil producer, and U.S. or E.U. sanctions against Russia will dramatically lower the global supply, thus raising global prices.

Bloomberg also reports that American power plants are “desperately” turning to Russia for their coal.

And sanctioning Russia has also pushed Russia to bypass US-controlled oil and gas systems altogether, and pushed Russia, China and Iran closer together.

The Wall Street Journal reports that – according to a new study – sanctions against Iran cost the U.S. as much as $175.3 billion in lost export opportunities over 18 years

In other words, by demonizing countries instead of peacefully trading with them, the U.S. is shooting itself in the foot economically.

This is not an isolated problem …

Ron Paul says that sanctions against Russia and Iran are acts of war.   Some analysis agree and others disagree.

But it has become clear that hawkish, imperialistic policies no longer benefit the American economy:

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  • Ranger

    The only losers in this entire game are the American People. Government from cities, counties, states, school districts, etc….all have more money in their investment accounts and numerous “funds” that rightfully belong to the taxpayers in amounts in the Trillions!!!

    They hide the money very successfully in their Comprehensive Annual Financial Reports.

    The problem is that the American Public are clueless how their own banking and financial system works.

    The history of the 21st Century be Banksters stealing money, corporations stealing money, war profiteers making blood money, insider-trading lobby bribe taking politicians dancing like puppets to
    their rich masters, employers automating jobs, endless drug and arms dealing, and the common people more and more falling into homelessness, poverty, and outright destitution. But there will be no revolution because the people are sheeple / zombies.

    For example: 2013 Year Comprehensive Annual Financial Report states by the Independent Auditor that Mecklenburg County (aka The City) exceeded its liabilities by $9.2 BILLION DOLLARS!! Yet, the public is only shown the “Budget” report, and since that ALWAYS shows only Cash In – Cash Out Accounting, and always shows a negative.
    The public not knowing the difference, even fell for raising property taxes on the taxpayers!!

    Do your own research and learn what YOUR government and 185,000 other municipalities are doing to steal your tax dollars.
    Start with Walter Burien and go from there.

  • The sanctions don’t work, and the “leaders of the free world” know it.

  • Ranger

    Repeat after me until you get this through your thick misinformed fragmented minds!!!

    The Corporations are the Government, the government is the corporations, the corporations are the government, the government is the corporations, the corporations are the government, the government is the corporation!!!!!!!!!

    The Government is invested in every single fund imaginable, and own majority stock positions in EVERY CORPORATION on EARTH, not just America!!!