Steve and Jen bring you this daily review of the news
Premium Advertiser

News Blog Sponsors

News Links

BBC World Service
The Guardian
Washington Post
Iraq Order of Battle
NY Times
LA Times
ABC News

Blogs We Like

Daily Kos
Digby's Blog
Operation Yellow Elephant
Iraq Casualty Count
Media Matters
Talking Points
Defense Tech
Intel Dump
Soldiers for the Truth
Margaret Cho
Juan Cole
Just a Bump in the Beltway
Baghdad Burning
Howard Stern
Michael Moore
James Wolcott
Cooking for Engineers
There is No Crisis
Whiskey Bar
Rude Pundit
Crooks and Liars
Amazin' Avenue
DC Media Girl
The Server Logs

Blogger Credits

Powered by Blogger

Archives by
Publication Date
August 2003
September 2003
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
Comments Credits
Comments by YACCS
Tuesday, February 21, 2006

Wow, this sounds familiar

Hey, we can trust the UAE to protect us

Bush Threatens to Veto Any Bill to Stop Port Takeover

Published: February 21, 2006

WASHINGTON, Feb. 21 — President Bush said this afternoon that he would veto any legislation seeking to block the administration's decision to allow a state-owned company from Dubai to assume control of port terminals in New York and other cities.

Mr. Bush's rare veto threat came as Republican leaders and many of their Democratic counterparts called up today for the port takeover to be put on hold. They demanded that the Bush administration conduct a further investigation of the Dubai company's acquisition of the British operator of the six American ports.

"After careful review by our government, I believe the transaction ought to go forward," Mr. Bush told reporters who were traveling with him on Air Force One to Washington, according to news agencies. "I want those who are questioning it to step up and explain why all of a sudden a Middle Eastern company is held to a different standard than a Great British company. I am trying to conduct foreign policy now by saying to the people of the world, 'We'll treat you fairly." '

The confrontation between Mr. Bush and his own supporters escalated rapidly after the Senate Republican leader, Bill Frist, and the House speaker, J. Dennis Hastert, joined Mayor Michael R. Bloomberg, Gov. George E. Pataki and a host of other Republicans in insisting that the transaction must be extensively reviewed, if not killed. That put them on essentially the same side of the issue as a chorus of Democrats, who have seized on the issue to argue that Mr. Bush was ignoring a potential security threat.

Yep, crazed American xenophobia, right?

Unocal deal tests US stance toward China
Some lawmakers believe Chinese ownership of the oil firm would damage national security. Others see no harm.

By Peter Grier | Staff writer of The Christian Science Monitor
WASHINGTON – Energy is a strategic commodity - and thus China's purchase of a US oil company would irreparably damage US national security.

That's the hard line taken by some key members of Congress as debate intensifies in Washington over a Chinese bid to buy California-based Unocal and its petroleum and pipeline assets.

Some deal opponents - such as former CIA chief R. James Woolsey - say it's "naive" to think that the proposed takeover is just a commercial matter, unrelated to a Beijing strategy for domination of energy markets and the Western Pacific.

Other experts retort that Congress is experiencing one of its periodic China scares, and that there is little danger in selling a relatively small oil firm to foreigners - even one with close ties to the Chinese government.

"The question you have to ask is whether there is risk to US security from this. I don't see that there is," says James Andrew Lewis, director of the Technology and Public Policy program at the Center for Strategic and International Studies (CSIS).

Whatever its outcome, the $18.5 billion bid for Unocal by the Chinese National Offshore Oil Corporation (CNOOC Ltd.) appears to have intensified feelings of ill-will that were already rising on both sides of the Pacific.

Last month the House, by a vote of 398 to 15, passed a resolution declaring that the deal would threaten national security. Last Wednesday Rep. Duncan Hunter (R), chairman of the House Armed Services Committee, said he might introduce a bill that would prevent the purchase. Congress enjoys the support of the public, 74 percent of whom oppose the deal, according to a Wall Street Journal poll.

Beijing, on the other hand, has complained that US lawmakers should stop interfering with a matter of business.

In Washington, opponents see the move as directed, not by market concerns, but by the desires of the Chinese government. CNOOC has lined up cut-rate financing for the deal from state-owned banks, they point out. In addition, CNOOC chairman Fu Chengyu doubles as a high-ranking Communist party official.


How many Chinese have crashed planes into American buildings?


That's three less than the UAE can boast of

Yet, the Chinese was prevented from buying Unocal over national security issues.

So why would Bush shove this deal through?

W aides' biz ties to Arab firm


WASHINGTON - The Dubai firm that won Bush administration backing to run six U.S. ports has at least two ties to the White House.

One is Treasury Secretary John Snow, whose agency heads the federal panel that signed off on the $6.8 billion sale of an English company to government-owned Dubai Ports World - giving it control of Manhattan's cruise ship terminal and Newark's container port.

Snow was chairman of the CSX rail firm that sold its own international port operations to DP World for $1.15 billion in 2004, the year after Snow left for President Bush's cabinet.

The other connection is David Sanborn, who runs DP World's European and Latin American operations and was tapped by Bush last month to head the U.S. Maritime Administration.

The ties raised more concerns about the decision to give port control to a company owned by a nation linked to the 9/11 hijackers.


Look, you don't have to a xenophobe to not want to sell industries to other governments on national security concerns. This deal stinks of the usual "our friends the Saudis" kind of push. Then we forget how many Saudis have attacked Americans to keep them happy.

Look, we may well hurt Dubai's feelings. So fucking what. If any of their managers are tied to AQ, well, you saw how Bush handled Katrina You want to move that to Red Hook, Brooklyn?

This is not random fear of Arabs, but a specific national security concern. New Jersey is already suing, and they won't be alone.

posted by Steve @ 7:59:00 PM

7:59:00 PM

The News Blog home page


Editorial Staff

Add to My AOL

Support The News Blog

Amazon Honor System Click Here to Pay Learn More
News Blog Food Blog
Visit the News Blog Food Blog
The News Blog Shops
Operation Yellow Elephant
Enlist, Young Republicans