[indcons]

Interesting aeticle.....the pundits are mostly supporting the deal after the initial backlash. Wonder where the public stands on the issue now?

[CWOJackson]

The public's perception will also change as the hysteria dies down and the truth comes out from more and more sources.

[CWOJackson]

Buried towards the bottom but well worth repeating, "The debate over the Dubai investment could result in real damage to U.S. economic and security interests."

[CWOJackson]

Good find and thanks for posting this.

[indcons]

Ping

[Hawk1976]

I still think we need to tread very lightly here, however with certain safeguards in place I could support this deal.

How many people on this board know that the company that manufactures our Bradley Armored Personnel Carriers is British based. Same with the Norfolk repair and refit yards. Without going into a lot of detail here, check out BAE Systems North America. With the same type of security arrangement I would be fairly comfortable with the deal.

[Indy Pendance]

As long as you're a good democrat, you'll support ABB.

[Fruit of the Spirit]

I live near a port; not one of those mentioned but a port where large containers are imported and put on trains and trucks and transported through the city. Consider for a moment that one of those containers might be carrying a bomb or mustard gas. That only 5% of the containers are inspected would mean that we're 95% vulnerable.

Ours is a small port and a disaster would only affect a few hundred thousand people. Can you imagine what could happen at a port in New York?

[Democratshavenobrains]

"Mid-level officials at 12 agencies of the U.S. government, including the Department of Homeland Security and the Pentagon, reviewed the Dubai investment in considerable depth, apparently with full cooperation from the company. They unanimously concluded that there was no reason to refer it to their own superiors, let alone the president. The substance of the government's vetting process, conducted through the Committee on Foreign Investment in the United States (CFIUS), worked precisely as intended by the legislation under which it operates."

So its not Bush's fault? Blasphemy!

[Cannoneer No. 4]

We don't have 535 "Sec'ys of State"

[ARCADIA]

But applying it to commercial transactions would generate such uncertainties and potential delays for foreign investors that it would have a huge chilling effect on their proclivity to buy American assets.

The best thing that could possibly happen.

[ARCADIA]

"To help deal with the immediate problem, the administration should obtain and make public immediately a letter of assurance from the government of the United Arab Emirates committing itself to avoid any involvement in the business operations of Dubai Ports World and to take all steps necessary to guard against security problems."

As worthless piece of used toilet tissue. If they are serious about this then ask them to put up a massive (worst case) performance bond, to be drawn down in the event of a security breech, or attack, at the sole discretion of the United States. That is how private enterprise usually commits when they are serious.

[ARCADIA]

The CFIUS should henceforth provide to the leadership of the relevant committees of Congress, on a confidential basis to preserve legitimate business interests, quarterly (or even monthly) reports and briefings on pending as well as completed applications for approval of specific investments.

It is nice to see that they are concerned about business interests; if only they were so concerned about the will of the people, or their own national interests.

[Blzbba]

I'm all for giving port authority to a company who still honors the Arab boycott of Israeli products!!

//No, I'm not
///Massive sarcasm
///Don't trust anything Muslim.

[wouldntbprudent]

also this--

Here's the real money quote from the Dick Morris column that was posted earlier today at http://www.freerepublic.com/focus/f-news/1593000/posts regarding the Clintons' relationship with the UAE:

Bill is, after all, a regular in Dubai. The crown prince — that is, the government — contributed to his presidential library and pays him $300,000 per speech. Recently, Yucaipa, an American company that has Bill Clinton as a “senior adviser” and pays him a percentage of its profits, formed a partnership with the Dubai Investment Group to form DIGL Inc., a company dedicated to managing the sheik’s personal investments.


If BJ is deeply involved in a "company dedicated to managing the sheik’s personal investments," he and the Witch will be receiving millions of dollars of income in the following years from that very company. In other words, if she's elected President, the President of the United States will be on the Dubai payroll due to BJ's involvement in managing the sheik's personal investments. Her denunciation of the ports deal is nothing but cover for this raging, continuing conflict of interest. If the Pubbies can't take advantage of this, they can't take advantage of anything.


8 posted on 03/09/2006 5:51:31 AM PST by libstripper