We're not doomed.. but pissing on wealthy nations like the UAE isn't encouraging. Foreign investors are big investors in US treasuries.
So we're to grovel before despots? Please. We used to be the innovators. We use to be the inventors and science leaders. Do we think we can still lead the world being a nation of "managers" when all the technological and manufacturing base is located elsewhere?
We've mortgaged the country to foreigners. Those who hold our debt, hold our future. An economy dominated by foreign investment is a third-world economy.
The UAE isn't as thin-skinned as you might believe. They have standards. Arabs are a tough odd, and they don't respect wimps.
They deal with foreigners have no problems putting down rules in their own emirates. Until recently foreigners weren't allowed to own property in the UAE. And it you wanted to rent, all twelve months were usually paid in advance. Even the smallest apartments have rooms for live in maids (third world people - and the UAE tells you how to treat them - and how often you have to send them back to their families, proof you bought the plane tickets etc).
This is a society where they understand restricting those who aren't natives. So please, let's not act like they're primitives who will be sooooooo offended if we have reservations about the deal. They're grown-ups and can handle this.