Bush Approves Dubai Defense Purchase

Reuters ^ | 4-28-06 | Caren Bohan

[countreegurl]

WASHINGTON (Reuters) - President George W. Bush approved Dubai's $1.24 billion takeover of Doncasters, a British engineering company with U.S. plants that supply the Pentagon, the White House said on Friday.

The decision, announced by White House spokesman Scott McClellan, followed a congressional uproar over security fears that scuttled another Dubai state-owned company's plan to acquire operations at major U.S. ports.

The interagency Committee on Foreign Investments in the United States sent its confidential recommendation on the Dubai takeover of Doncasters to Bush on April 13.

"The president this morning accepted the committee's recommendation," McClellan said. "The committee recommended approval of the transaction after closely scrutinizing it and concluding that it would not compromise our national security."

[countreegurl]

Here we go again...

[ncountylee]

Speechless.

[mlc9852]

Why does Bush want to do this again???? What is he thinking?

[bicyclerepair]

AT least in MY lifetime I can hope there's no sharia law here. But I pity future generations. Saudis will own this entire country one day. And they'll be moose-limb sh!t in every school.

We HAD a great country.

[EagleUSA]

Why does Bush want to do this again???? What is he thinking?

---

I am beginning to think we are dealing with a rather warped ego and a personal agenda that excludes not only the American citizen, but sanity as well.

[ARCADIA]

He just doesn't get it.

[mlc9852]

And I'm beginning to agree with you.

[Rokke]

Could it possibly be...just maybe...that the interagency Committee on Foreign Investments in the United States has better insight on this issue than most Freepers. I'm just guessing here, but I'd say yes.

[countreegurl]

Speechless.

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Me too. Wouldn't it be nice if the people's representatives actuallly did what the people want? What a concept!

[stuartcr]

Maybe he wants to see how his new press sec will handle this.

[stuartcr]

It's comforting to know how Bush listened to all of us before!!!

[neodad]

When I was deployed in the Persain Gulf, all of our supplies, fuel, even in many cases spare parts were bought locally. Only the highest priority repairs warranted delivery from the US. What good is it to have a forward deployed military when everyone 3,000 miles away is hysterical about where the supplies come from?

[P-40]

approved Dubai's $1.24 billion takeover of Doncasters, a British engineering company

How does an American President decide one way or the other what the Brits are doing with their property?

[roses of sharon]

LOL, now the President is insane?? The MSM droids jumping the shark again, all the way to DU.

Hilarious!

[Ramius]

The security risk here is... what again?

[mlc9852]

It's about more than "security". It's about the US being a sovereign nation.

[Rokke]

"The MSM droids jumping the shark again, all the way to DU."

They just jump from one orchestra pit to the next following the MSM conducter where ever it leads them.

[Rokke]

"It's about the US being a sovereign nation."

Ok. The sovereignty issue here is....?

[Waverunner]

Doncasters is a british forging company that bought some american plants in the 80's and early 90's.
They are't working on double secret probation stuff.
The technology they use is well knwon around the world.
No problem, they probably need the capital infusion.