Here is a column from Antiwar.com which cites data from the 'Global Market Institute' in Seattle which indicates that there is an anti-American backlash abroad which is hurting American companies who do business abroad.
Antiwar column here:
http://www.antiwar.com/lobe/?articleid=4235
'Global Market Research' here:
http://www.gmi-mr.com/en/index.phtml
Maybe many of the coporations and wealthy stockholders who were so thrilled with Bush's tax cuts may see long term problems with his policies if their companies lose enough profits from business abroad.
Follow the link and read the whole column. It's very good.
Here are some excerpts:
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The Bush administration's foreign policy may be costing U.S. corporations business overseas, according to a new survey of 8,000 international consumers released this week by the Seattle-based Global Market Insite (GMI) Inc.
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Brands closely identified with the U.S., such as Marlboro cigarettes, America Online (AOL), McDonald's, American Airlines, and Exxon-Mobil, are particularly at risk.
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Twenty percent of respondents in Europe and Canada said they consciously avoided buying U.S. products as a protest against those policies. That finding was consistent with a similar poll carried out by GMI three weeks after Bush's November election victory.
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Simon Anholt, author of Brand America, has also predicted a consumer backlash against U.S. foreign policy. He recently told the British trade magazine Marketing Week that four more years of Bush's foreign policy could have grave consequences for U.S. companies' international market share.
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"There have already been casual protest brands, such as Mecca Cola, which are primarily political," he told the weekly. "But things are now moving beyond that. For instances, German restaurants are beginning to refuse American Express cards. This is new territory."
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