Posted on 02/22/2006 4:34:50 PM PST by johnmecainrino
Bush didn't know because congress mandated for this foreign service group to keep the decisions secret. The group only informs the president if they go to an extended period of review and then reject it. No one on the top white house staff knew. It was done by middle level bueracracy mostly in these agencies. Congress mandated the process by non political and kept secret.
Congress didn't know because it is a federal crime to talk about the specifics of the deal. Again congress mandated it be secret and now they are screaming how bush didn't inform them.
Based on the law congress passed in 1988 Bush couldn't have reversed the deal after it was approved by this committee. The law states that after the deal was approved by the committee bush or the committee can only go back and review the deal if the company lied to them on the application.
On MSNBC right now we are hearing how bush was out of the loop again and all the bs. That was the law. And when I hear congress complaining about the secrecy, damn them they wrote the law that way to protect the propriety of the companies.
Scott McClellan has to be the worst press secretary ever. He didn't even know today that the american unions would still be involved and that homeland security got in the deal to do a background check before anyone can enter the facility that works for the company.
Bush needs to go on national TV primetime to stop the lies. Worst of all a lot of the lies are being spread by peter king who is clueless on the 1988 law that was written. If he is so upset change the law instead of blaming bush for a law congress mandated.
My My My....just WHAT will the ARABS being DOING on our ports? Get back to me on that would ya!?
You signed up today to post a silly rah-rah like that?
http://www.treasury.gov/offices/international-affairs/exon-florio/
Committee on Foreign Investments in the United States (CFIUS)
U.S. DEPARTMENT OF TREASURY
OFFICE OF THE ASSISTANT SECRETARY INTERNATIONAL AFFAIRS
OFFICE OF INTERNATIONAL INVESTMENT
EXON-FLORIO PROVISION
Code of Federal Regulations Citation. Office of International Investment, Department of Treasury -- Regulations pertaining to mergers, acquisitions, and takeovers by foreign persons, 31 CFR Part 800.
A good article to start with:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B0317AEEE%2D47AF%2D42BD%2DBEFF%2D260274800569%7D&siteid=google&keyword=
http://www.treasury.gov/offices/international-affairs/exon-florio/
FWIW Bush's energy in this can only mean one thing to me - he made some kind of deal. Who for or what I don't know yet but we will find out someday.
Yea didn't he represent the district with two major harbors in it?
Thank God I am convinced the voice of reason comes out here on FR at night. Another Thing
YEs I know the UAE Doesn't recognize Israel. True. buttttt
How come when China has about 40,000 missiles aimed at Tawain and gets into a hissy fit when we say boo to Tawain that we can trade with them have them operate business etc. I am just curious about that factoid. Where is all the outrage. LOrd they kept our servicemen basically hostage for a few days in Bush's first year. This company even does business with the joooos and the Good ole Emir knows about it and doesnt have a problem.
Thank you for those links.
Lying is still lying.
Oh yes the scary arabs of UAE. LEt me give you a clue. Making money thats what.
>>>Congress didn't know because it is a federal crime to talk about the specifics of the deal. Again congress mandated it be secret and now they are screaming how bush didn't inform them.
>>>Based on the law congress passed in 1988 Bush couldn't have reversed the deal after it was approved by this committee.
Does this mean Clinton had nothing to do with the Chinese ports?
(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")
I have to admit, the more I learn about this, the less I oppose it. Whether I oppose it or not, though, I just can't imagine the problems we'd have if we back out now. Like it or not, I think we must go through with it.
Oh God, spare us please!! Paranoia, puffery and panic are running amuck here.
Calm youself.
THINK.
Hillary is pandering to your foolish panic right now on TV.
THINK!
Free trade is good. Make business not war.
Oh, no; there's much more; take a look at its posts!
From an October article about the Senate hearings on CFIUS The Hill News
Bruce Josten, the Chamber’s top lobbyist, objected to the many suggested alterations, including the removal of CFIUS from Treasury’s purview and a proposed amendment by Shelby and Sen. James Inhofe (R-Okla.) that would allow Congress to reject CFIUS approvals. “It would be a politicization of the process by individual members of Congress who are not going to look at the entirety of the impacts on U.S. capital markets,” Josten said.
Can't find any reference stating that the amendment was passed.
This paper provides insight into the CFIUS process:
CFIUS is an interagency body staffed by midlevel officials and chaired by the Treasury Department. The Departments of Defense, State, Justice, and Commerce are among the agencies that participate in the CFIUS process. Representatives from the Federal Bureau of Investigation (“FBI”) and the intelligence community are also involved, sometimes in an advisory capacity. President Bush made the Department of Homeland Security (“DHS”) a member of CFIUS in February 2003.
Further down on the same page:
Most foreign purchasers are not required to file with CFIUS, but if they do not and CFIUS later decides that it objects to the purchase, the United States can force the new foreign owner to divest itself of the acquisition. Many companies decide it is safer to notify theTreasury Department.
I actually saw somebody say that Bush has lost his mind -- and mean it.
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