Nothing wrong with loan-words. It becomes a problem though when it becomes linguistic and/or cultural imperialism (trying to undermine various cultures and languages through a more dominant one). French Canada could say a few things about that.

Well, granted, English and French have a special history as they both invaded countless countries to the point those two languages eventually became spoken on all continents. I guess it's only fair when it backfires sometimes, and there's a bit of irony when it happens between those two languages in particular.