Friday, February 17, 2006

Am I the only one who sees a problem?

I tried posting this on my blog, but Blogger is being a bitch right now.

Click here to view the article

WASHINGTON, Feb 16 (Reuters) - The U.S. government should urgently review the security implications of a $6.8 billion deal granting a Dubai-based company management over key ports including New York, U.S. lawmakers said on Thursday, citing terrorism concerns.

Analysts and port sources doubted the takeover of British company P&O (PO.L: Quote, Profile, Research) by Dubai Ports World would have any impact on security. They cited multiple layers of screening and protection involved in global shipping, particularly among such major operators.

P&O shareholders voted on Monday in favor of the multibillion-dollar bid, giving the United Arab Emirates-backed firm control over the management of P&O's global operations, including in the major U.S. ports of New York and New Jersey, Baltimore, Philadelphia, New Orleans and Miami.

The deal makes Dubai Ports World the world's third largest ports group.

"Outsourcing the operations of our largest ports to a country with a dubious record on terrorism is a homeland security and commerce accident waiting to happen," said Sen. Charles Schumer, a New York Democrat.


Ok now I know I'm not the only one just a tad bit worried that SIX MAJOR PORTS WOULD BE UNDER FORIEGN CONTROL. You know this is the reason that the economy is in the tank for us regular folk. We keep out sourcing everything to the cheapest country possible. Now dont get me wrong, I'm a capitalist and I'm all for free market research but good God all mighty could we possibly have a little common sense in this country?

We were smart enough to nix the USCOM Oil deal with China but we'll let this one go through? You know sometimes I think what ever is going to happen will happen because of our own stupidity. I mean this is exactly the stuff that guys like Lou Dobbs, Michael Savage, Sean Hannity, and other talk about on a daily basis. We're selling out own security for cheaper labor.

Could you imagine what the reaction would be if say during the height of the Cold war came to this same kind of deal with a Russian company?

I don't often agree with Schmuer, but I hope Congress comes to their damn senses and puts a stop to this deal.

God what else can this Goverment do to show how stupid they are.

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