Enough about Cheney's Fuddgate, here is some real news: The chairman of the House Homeland Security Committee urged the White House on Wednesday to reconsider approval of a sale that would give a company in the United Arab Emirates control over significant operations at six American ports, including New York, New Jersey, and Baltimore.
The U.S. Committee on Foreign Investment, a secretive Treasury Department-dominated group which reviews foreign investments, has approved a $6.8 billion transaction between the ports' current British owners and Dubai Ports World, a government-owned United Arab Emirates firm.
This transaction doesn't pass the smell test for me. I'm not comfortable with outsourcing the control of major U.S. ports to a Middle-Eastern company.
The White House has the ability to stop this deal. I wish it would.
You bet your bottom dollar this is real news and I smell a rat too.
ReplyDeleteThis needs to be stopped.
That is a scary scary proposition.
ReplyDeleteThis Arab port story, the newly-released saddam tapes, and countless other relevant news stories are being under reported while Fuddgate gets a full court press. Incredible.
ReplyDeleteoh, sure, we're trying to stop those people from bringing wmd's into our country and we give em our ports.
ReplyDeletepriceless.
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I'll have to read up on this, but it does sound disconcerting.
ReplyDeleteI've been watching this story & the word commerce keeps popping up. The UAE firm bought out the British firm's stake at the ports (not that I was too happy about England owning them either). The administration swears up & down that it has nothing to do with security. I wish I was so sure...
ReplyDelete