Dubai Firm Backs Out of U.S. Ports Deal
Mar 09 10:16 PM US/Eastern
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WASHINGTON
A Dubai-owned company abruptly abandoned its plan for managing operations at six U.S. ports Thursday, defusing an election-year showdown between President Bush and the Republican-controlled Congress over an issue that had become a political land mine for the GOP.
"DP World will transfer fully the U.S. operations ... to a United States entity," H. Edward Bilkey, the company's top executive, said in the surprise announcement that seemed to spread relief throughout the Capitol and the White House. It was unclear which American business might get the port operations.
Basically what it came down to was there was way to much bitching for them to take over the ports. They looked at the money involved and said it just wasnt worth it.
Well I guess I would say I'm sorry that we can't trust any of The Shieks over there, but I'm not. I don't trust them and I'm glad they caved on this. If anything this whole situation shows how clueless President Bush really is. I dont know if its just because he's back on the bottle or if he's really that stubborn or what. But Bush digging his heals in on this was the worst decision he's made since that Iraq war thing (and we all know how well thats worked out for us).
I'm almost certain that the Democrats will win back the house this year. I think regular folk are sick and tired of the croanism and politics as usual by Bush and his buddies. Alot of long term congressmen will suddenly find themselves out of office because alot of people will be running on a common sense platform this fall and they will win.
I still cant believe there was anyone who supported this deal to begin with. I don't want to throw around the word bribery, but what other explanation can there possibly be for anyone defending a forgien goverment taking over major port operations.
I hope the bill banning this passes because we really need to get the Chinese out of the ports on the west coast. As it is they control The Panama Canal and damn near every port in Mexico. We dont need the Chinese controlling anything else in this country. Don't let the modernization act fool you. If given the chance they would invade in an instant just because they cant sustain they're own economy and people.
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