The questions have been flying since the announcement of the DPW takeover of P&O. Critics of the deal claim it poses security risks to the U.S. Well, the U.S. ports are already national security disasters so I am on the fence as to whether the Dubai-owned company taking over operations of our major ports will put us at any additional risk. But I am not the person touting Code Orange, Duct Tape your windows public service announcements every time my ratings fall below, er, 50 percent. You would expect President Bush to cast a more discerning eye on this deal. But he isn’t. Why?
TheBlueState.com posted a transcript from a CNN report this week. Check it out here:
CHRISTINE ROMANS, CNN CORRESPONDENT (voice over): The oil-rich United Arab Emirates is a major investor in The Carlyle Group, the private equity investment firm where President Bush’s father once served as senior adviser and is a who’s who of former high-level government officials. Just last year, Dubai International Capital, a government-backed buyout firm, invested in an $8 billion Carlyle fund.
Another family connection, the president’s brother, Neil Bush, has reportedly received funding for his educational software company from the UAE investors. A call to his company was not returned.
Then there is the cabinet connection. Treasury Secretary John Snow was chairman of railroad company CSX/. After he left the company for the White House, CSX sold its international port operations to Dubai Ports World for more than a billion dollars.
In Connecticut today, Snow told reporters he had no knowledge of that CSX sale. "I learned of this transaction probably the same way members of the Senate did, by reading about it in the newspapers."
Another administration connection, President Bush chose a Dubai Ports World executive to head the U.S. Maritime Administration. David Sanborn, the former director of Dubai Ports’ European and Latin American operations, he was tapped just last month to lead the agency that oversees U.S. port operations.
The only possible explanation for Bush’s unfettered support of the deal other than someone close to the Bush Administration benefited substantially, either directly or indirectly, from this deal, is that Bush is trying to defuse the fact that once again he had no clue what was happening in this country. I do not buy the latter simply because someone in the administration would have raised an eyebrow when the deal was approved by the White House last month.
whereIstand Tags