excerpts...
This is not the first time this interagency panel — called the Committee on Foreign Investment in the United States (CFIUS) — has made an astounding call about the transfer of control of strategically sensitive U.S. assets to questionable purchasers. In fact, as of last summer, CFIUS had, since its creation in 1988, formally rejected only one of 1,530 transactions submitted for its review.
Such a record is hardly surprising given that the committee is chaired by the Treasury Department, whose institutional responsibilities include promoting foreign investment in the United States. Treasury has rarely seen a foreign purchase of American assets that it did not like. And this bias on the part of the chairman of CFIUS has consistently skewed the results of the panel's deliberations in favor of approving deals, even those opposed by other, more national security-minded departments.
Thanks to the secrecy with which CFIUS operates, it is not clear at this writing whether any such objection was heard with respect to the idea of contracting out management of six of our country's most important ports to a UAE company. There would certainly appear to be a number of grounds for rejecting this initiative, however:
America's seaports have long been recognized by homeland security experts as among our most vulnerable targets. Huge quantities of cargo move through them every day, much of it of uncertain character and provenance, nearly all of it inadequately monitored. Matters can only be made worse by port managers who might conspire to bring in dangerous containers, or simply look the other way when they arrive.
Entrusting information about key U.S. ports — including, presumably, government-approved plans for securing them, to say nothing of the responsibility for controlling physical access to these facilities, to a country known to have been penetrated by terrorists is not just irresponsible. It is recklessly so.
At the risk of being politically incorrect, the proposed new management will also complicate the job of assuring that the personnel working in these ports pose no threat to their operations — or to the rest of us. To the extent that we must remain particularly vigilant about young male Arab nationals as potential terrorists, it makes no sense to provide legitimate grounds for such individuals to be in and around some of this country's most important strategic assets.
Of particular concern must be the implications for energy security as a very large proportion of the Nation's oil imports come through the Atlantic and Gulf State ports that the UAE company hopes to take over. For example, Philadelphia alone handles some 85% of the oil coming into the East Coast; New Orleans is responsible for one-seventh of all of our imported energy.
Given such considerations, the question occurs: How could even a stacked deck like the Committee on Foreign Investment in the United States find it possible to approve the Dubai Ports World's transaction?
==>>Could it have been influenced by the fact that a former senior official of the UAE company, David Sanborn, was recently named the new administrator of the Transportation Department's Maritime Administration? Until recently, Sanborn was DP World's director of operations for Europe and Latin America.
Or is it because the U.S. government views — and is determined to portray — the United Arab Emirates as a vital ally in this war for the Free World? A similar determination has long caused Washington to treat Saudi Arabia as a valued friend, even as the Saudis continue playing a double game whereby they work simultaneously to repress terrorism at home and abet it abroad.
Whatever the explanation, the Nation can simply no longer afford to have the disposition of strategic assets — including those that have a military or homeland security dimension — determined by a Treasury-dominated panel whose deliberations and decisions are made in secret without congressional oversight.
Money is still king, it trumps national security. It weilds more power than any nation or alliance of nations on earth.
It's amazing to see this kind of crap published by people like Frank Gaffney even after it has been thoroughly debunked at least a half-dozen times right here on FreeRepublic in the last 48 hours.
Peninsular and Oriental Steam Navigation Co. (known by many as P&O Nedlloyd) is a shipping company and terminal operator. It does not "manage" or "run" any of the port facilities listed in this article. Ports in the U.S. are typically operated by quasi-public agency (like the Port Authority of New York and New Jersey), which then leases pier berths and terminal space to private companies.
These port authorities don't even maintain full control over their entire operations, since U.S. Customs has had a presence at these facilities for years, and the U.S. Department of Homeland Security now oversees all security-related aspects of port operations.
If this port betrayal stands, I don't vote anymore. The Democrats deserve to win.
>>>Now, however, four-and-a-half years later, a secretive government committee has decided to turn over the management of six of the Nation's most important ports — in New York, New Jersey, Philadelphia, Miami, Baltimore and New Orleans — to Dubai Ports World following the UAE company's purchase of London-based Peninsular and Oriental Steam Navigation Co., which previously had the contract.<<<
Related:
http://www.freerepublic.com/focus/f-news/1519343/posts
Dubai Royals Snatch Up Manhattan Real Estate
ping
http://www.freerepublic.com/focus/keyword?k=uae
Some of the other FR threads about this.