Yes. Please take a minute to compose yourselves. You did read the title of this post correctly and this is the reliably left-leaning Abhi writing this post (and not someone who has infiltrated our North Dakota bunker and is holding me at gunpoint). On Tuesday, President Bush forcefully defended his administration’s decision to allow a sale which would turn over the control of operations at major American ports to a company based in Dubai, in the United Arab Emirates, and controlled by that government. Here is one news report following the decision:
U.S. lawmakers formally asked the Bush administration Thursday to reconsider its approval of a sale giving a company in the United Arab Emirates control over significant operations at six major American ports.
The lawmakers, including four senators and three House members, sharply criticized the UAE as inconsistent in its support of U.S. anti-terrorism efforts.
They also said the country was a key transfer point for shipments of nuclear components sent to Iran, North Korea and Libya and was one of only three nations that had recognized the Taliban as Afghanistan’s legitimate government…The Associated Press reported Saturday that government-owned Dubai Ports World had won approval for the $6.8 billion deal from a secretive U.S. panel that considers security risks of foreign companies buying or investing in American industry. [Link]
Here is Bush’s strong response today, where he actually threatened to veto any bill that curbs this sale (note: he has NEVER vetoed anything):
He called on opponents to explain why they opposed a Middle Eastern firm taking over when they did not oppose a British company being in control.
“I am trying to conduct foreign policy now by saying to the people of the world, ‘We’ll treat you fairly’,” he said.
“It would send a terrible signal to friends and allies not to let this transaction go through,” he told reporters. [Link]
For the rest of this post I am going to go out on a limb and trust in two things. I will leave it up to individual readers to decide whether to go out on this limb with me or not:
- I will trust that the “secretive U.S. panel” mentioned above has adequately considered and addressed the security risks involved in this deal.
- I will trust that there isn’t some larger Machiavellian plot behind this whole thing that will make the President’s friends rich at the expense of others.