Posted on 02/21/2006 2:58:26 PM PST by sofaman
Fair enough. But the article still was a welcome read.
Heard Tony Snow acknowledge your post yesterday. Sweet =)
Thanks!
The thread that keeps on giving!!
I assume there is a lot of detail that we the public will never know about. One must ask why IS GWB so favorably disposed on this deal? Maybe his advsors have explained many of the things that were in the CharlesWayneCT post. Maybe he really i$ going to benefit from this deal. I don't know.
In the end, I must strongly agree with defcons post #536: If Schmuckie (or Carter) is against it, it's probably OK.
I would also find it difficult to argue against Mr. Limbaughs points made on Tuesday's show.
Looking forward to 4pm MST..thank you WMAL!
Here is what might be the relevant text. Can't remember where I pulled it from, sorry -- it might have been the sea2sea website:
Section 5021 of the Omnibus Trade and Competitiveness Act of 1988 amended Section 721 of the Defense Production Act of 1950 to provide authority to the President to suspend or prohibit any foreign acquisition, merger or takeover of a U.S. corporation that is determined to threaten the national security of the United States. The President can exercise this authority under section 721 (also known as the "Exon-Florio provision") to block a foreign acquisition of a U.S. corporation only if he finds:
In other words, the President can stop this only if he can prove both that DP World IS a current security threat to us, AND he can show that existing law wouldn't be able to stop DP World from being a threat.
There is no evidence that ANYBODY considers DP World a security threat. And there is no evidence that existing U.S. law (including the declaration of war) aren't adequate to handle any possible security issues that might arise from the sale.
I'm not a lawyer, but it seems clear that if this is the operative law, Bush was pretty much stuck with this decision.
Note though that he isn't claiming he was forced against his will here, he SAYS this was the RIGHT decision. I'm just pointing out that if he had gone the other way, the Democrats were surely ready to drag out this law and use it to say Bush was simply breaking more laws and should be impeached.
re: W, ports
Thanks CW, will pass it on.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.