Right you are about skepticism of government owned companies.
I find it philisophically inconsistent that many of those defending the original UAE deal to run the ports would be vigorously opposed to what can only be descibed as SOCIALIST if lets say the Feds took over Chevron to create a Pemex style nationalized oil company.
A Dubai-owned company has agreed to turn over all its operations at U.S. ports to an American entity, Sen. John Warner said today. Reading a statement from DP World on the Senate floor, Warner said the company wants to preserve the strong relationship between Dubai and the United States. The announcement came soon after congressional leaders reportedly told President Bush that the DP World deal appeared dead on Capitol Hill.
-------Right off CNN web site. I think we're all becoming hysterical. They saw this as the easiest end of the situation. SAys they want to preserve the strong relationship between the two countries.
Hats off to the UAE for strangulating Congress ! It's kind of funny.
agreed.
however, there is a big inconsistancy with COSCO and other foriegn governments running major operations here.
thats why this is a two edged sword, either we stay consistant, or we kick out all foriegn government involvement of major US interests.
either way, UAE just said that they will be selling off there interest in the deal to a US company.