Posted on 03/21/2006 6:16:56 PM PST by mr_hammer
Arab and US officials are growing nervous at the prospect of a second congressional uprising against the acquisition of American assets by a Middle Eastern-controlled company in the wake of the Dubai Ports World debacle.
Snip ...
(Excerpt) Read more at news.ft.com ...
LOL
Yeah. You'll take the oil away from the Arabs and give it to the Chinese.
This thread has degenerated into the absurd.
If a company is owned by a foreign government, it should be barred from industries that impact on security. This is not a vague definition, this is something that we have thrown significant resources into identifying. The interests that the Chicoms currently have should be removed from their possession.
I find it difficult to believe that you don't have your own reservations about what foreign governments may own. Likely our difference is in the who and what. And the what depends on the who - some things are far risker in the hands of a culture that glorifies suicide murderer than in the hands of cold socialists who believe oblivion awaits them upon death. Some things are riskier in the hands of those who have nothing to retaliate against than those who do.
The guideline is very simple and common sense. You don't put anybody who could reasonably be suspected in having an interest in doing us damage in a position to do so.
The reason is we've all decided there should be linkage, and people who have been quietly pro-Chi-com, or maybe even LOUDLY pro-Chi-com like Barbara Boxer, the Clintons, and the assorted Socialist International crowd in Congress, have been pretty noisy about not peddling this stuff to the Arabs.
Your little buddy Duncan Hunter has not, as far as I know, publicly opposed Chi-com ownership of the same assets. All those years he was supposedly a solid Conservative, and there he goes and jumps the reservation where all of us could see it on this Dubai deal. Denny Hastert should be taking some action there as soon as possible.
Sinkspur, that did not matter at all. Thinking Dubai is an ally is all well and good. But to have CFIUS approve the ports deal in total secrecy, arrogantly say the "review process has already expired" before the public even knew about it, and with similar arrogance for Bush to threaten his 1st veto over it--these show tremendous political stupidity, and a total misunderstanding of public sentiment. Had they taken the concerns seriously from the get-go, handled this more openly, and calmy explained the UAE's role in the WOT and the history and current activities of DP Ports World around the world--they may well have gotten this through, and they most certainly would have not been forced to divide the GOP, and cede the Democrats such an easy victory, to beat over our heads in a critical midterm election year.
It was a total political failure by Bush & Co. I hope they learn from it.
Isn't DoD already represented at CFIUS?
lol. I knew we could count on you to play a race card.
Are you certain of that?
http://www.freerepublic.com/focus/f-news/858844/posts
It was a total failure of Peter King and Co. in the GOP Congress for pandering to people with your attitudes.
Who said anything about "giving" the oil to China? Learn how to read please. As usual, you selectively quote to distort posts in order to support your position. I don't know why I bother with you.
duncan hunter LED the opposition to COSCO:
http://www.wnd.com/news/printer-friendly.asp?ARTICLE_ID=16720
Leading the effort to block COSCO from the facility were Sen. James M. Inhofe, R-OK, and Reps. Duncan Hunter and Randy "Duke" Cunningham, both San Diego-area Republicans. They and their conservative colleagues asserted that Chinese Communists could use the former base for military purposes and intelligence-gathering, allegations first raised in WorldNetDaily more than 18 months ago. Port officials and COSCO supporters disputed that contention citing two recent Department of Defense reports show that the shipping line does not present a national security threat to the United States.
"COSCO has a long and very troubling record of shipping both weapons and components of mass destruction around the world," said Hunter. "For all practical purposes, COSCO is the merchant marine of the Chinese military. As a result, they carry the cargo of the Chinese military upon command and without question. We do not need to increase their access to American soil."
http://www.house.gov/hunter/jul6-98.htm
COSCO Doesn't Deserve Long Beach Port
AGREEMENT REACHED TO BAN COSCO FROM LONG BEACH
http://www.house.gov/hunter/cosco99.htm
Thanks for the ping. Here we go again... same bat time......same bat channel!
What a GREAT idea. We should just take what we want in other countries. The framers might have had a problem with that, but they are old dead white guys, so who cares?
Agreed. Preventing this type of transaction was supposed to be within the purview of the CFIUS, and the reason for its' existence. They've obviously proved that, for whatever reason, they can't be trusted with the task. In the meantime, deals need to be screened on a case-by-case basis. Status-quo is no excuse for failure to take corrective action once a problem is identified.
I did a quick analysis of the deal and it looked like UAE was going to make a profit of $100 per day per terminal at most!
This was a chump change deal insofar as profits on terminals were concerned. The real money is made getting the ships in, unloaded, reloaded and on their way again.
A casino is not an adequate substitute.
If it were, Doncasters would have known, prior to the sale, that this facility would have to be split off and sold to someone not on the list of badboys.
We get one Arab company on US shores, and all 100 Senators turn into Pat Buchanan. This business is out of control.
About 25% of Company sales were from operations in the US. On paper, the company showed a loss in that year. "Power Systems Division" includes the Aerospace group, which includes compressor blade machining in defense spending in North America. "Power Systems Division" represents about 75% of the sales. On October 28, 2004, Doncasters acquired Liberty Machine of Alabama, which specializes in the medical sector (prosthetics).
Denial is great. It keeps you from feeling the pain of election defeat, while you can retain your own hubris. Bush & Co. totally screwed the CFIUS matter up, handled it arrogantly, without any understanding for how anger and ignorance were spreading like wildfire across the nation. You can stay in denial if you like, blaming Peter King and most of the Congressional GOP for wanting to keep their majority while the President lost 10 points off the issue. That is your right.
You did.
Besides, you think the Arabs are just going to roll over and cede control of their oil fields to somebody else.
They'll open every pipeline and drain them dry before they do that.
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.