Correcting 3 Lies about the Port Deal (Vanity)

Febuary 23, 2006

[KurtZ]

Well, that makes me feel a little better about it then. But I still don't understand why this can't be done by Americans.

Thanks for the info.

[BobS]

"Shouldn't it be up to him to explain to us why this is not a big deal?"

NO! It's up to congress to explain the 1988 law they passed that guides this process. And they can also explain why they didn't show up for work all f'n week.

Bush is probably pissed because the commerce committees in congress were informed of this negotiation last November.

There must have been important "dinner parties" and grabassing going on during the last 3 months. You saw the shape Kennedy was in during the Alito hearings.

[TheLion]

Thanks for the facts. I originally didn't know what to make of this deal. We really didn't know anything about it yet.

I was amazed at all of the Bush bashing. For awhile, I thought I was over at DU.

I am now seeing this as no problem whatsoever. It has been contrived by Democrats to once again, try to sink this president.

[Siena Dreaming]

have nothing to do with any security operations

Well, I'm sure the company has some kind of security operation of their own as any successful international company does. They don't want their own stuff blown up.

But as far as security procedures which enable them to meet our criteria allow them to get into the US...Homeland Security and the Coast Guard do that.

[goodnesswins]

Correct.....also, we need to be having "cargo" checked prior to loading at foreign ports, and prior to landing at our ports.....this seems all ridiculous...although, I understand the concern for having others "appear to own" a piece of America.

[goodnesswins]

"Write it on the black board a million times. Port security is run by Americans."

Will you send that to all our Congress Critters, please, as an assignment.

[BobS]

"But I still don't understand why this can't be done by Americans."

Because our government would bankrupt a U.S. company with taxes, regulations and laws. For the same reason just about all ships are foreign-flagged. Congress created OUTSOURCING a long time ago by siding with unions and scaring off U.S. investors.

[HawaiianGecko]

 

The only thing more humorous than watching the Democrats moving to the "right" of President Bush on this port subject is the absolute knee slappin' hilarity of the Republicans racing to stay to the "right" of the those Democrats!

[OldFriend]

The legislation was signed into law in 1988 by Ronald Reagan.

[HawaiianGecko]

 

"Hillary is pandering to your foolish panic right now on TV."

Amen to that statement.

[SuzyQue]

Thanks for posting this.

[Barnacle]

There you go again, using facts and logic to ruin a perfectly good opportunity by the Democrats to make Bush look bad.

Bush is making Bush look bad. Real bad. In fact so bad, that when you combine his statements that he'd use a presidential veto to make sure this deal goes through with his gross negligence of securing our southern border, I say it's time he answers to the American people, via the Congress.

An impeachment may be in order.

[jec41]

There are 102 terminals for access in the NY ocean-port. P&O Ports own two and would sell them to Dubai Ports World. Who owns the other 100?

Its no different than a Airport. You have to buy access to a terminal in order for a company to land it's planes. If British Airlines or any other foreign airline wants to land planes for business in the US they must buy or lease a terminal. The airport still provides the security. Its the same with ocean-ports.

If they are going to throw out all the foreign interest that owns or lease port terminals in the US they have their work cut out. Probably up to half are foreign. They might consider that the US no longer owns any large ocean shipping lines. They can start with China who owns large ocean terminals in CA.

It would appear most of Congress and people don't know how ports work or either some members of Congress have mislead for agenda.

[Barnacle]

Hillary is pandering to your foolish panic right now on TV.

What can you say when she makes more sense than the Republican you help get elected?

[OldFriend]

Peter King represents a district in Long Island.

Harbor, yes. Ports where ships are loaded and unloaded, I'm not so sure.

[Barnacle]

The only thing more humorous than watching the Democrats moving to the "right" of President Bush on this port subject is the absolute knee slappin' hilarity of the Republicans racing to stay to the "right" of the those Democrats!

I don't have to race anywhere. I was already where I am. Bush's take on this is idiocy.

[Ca.Native.Southern.Soul]

bump

[scratcher]

I am proud that I helped elect GWB, and would do so again if he could run a third term.

As for the Serpent Hillary, making sense....Now that is funny

[zook]

bump to save

[DumpsterDiver]

The legislation was signed into law in 1988 by Ronald Reagan.

Thank you.

Back at Post 24 mrsmith gave me these two links that I'll be reading later:

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/