Fmr jarhead
Senior Member
- Aug 9, 2004
- 1,119
- 103
Good info for you to read:
There have been many levels of cabinet confirmations for the deal to happen....there have been ongoing negotiations for some time between the 2 international firms regarding the sale of the operations.....business at this level is not done overnight, and I bet it has been "cooking" for a couple years....someone doesn't cough up 6 billion overnight to buy a company....there seems to be a very simplistic and myopic view of this business deal at the hands of the media and the President's critics....(I am vociferously against the "rubber stamp" the president has used on ALL legislation that has come across his desk....this administration has been financially irresponsible, and could use the line item veto)
Daniel Griswold, Cato's director of the Center for Trade Policy studies, comments on the Dubai port deal: "To guard our security, foreign investment in U.S. ports should be reviewed on a case-by-case basis. Just as it would be wrong to automatically approve any and every foreign investor in our port infrastructure without question, it would be equally wrong to unthinkingly reject foreign investment just because of where the investor is based. Contrary to what Sen. Graham and other critics have claimed, Dubai Ports World would not be in charge of security at the U.S. port facilities it would be managing. That responsibility remains firmly in the hands of the U.S. Coast Guard and the Customs and Border Protection Agency."
There have been many levels of cabinet confirmations for the deal to happen....there have been ongoing negotiations for some time between the 2 international firms regarding the sale of the operations.....business at this level is not done overnight, and I bet it has been "cooking" for a couple years....someone doesn't cough up 6 billion overnight to buy a company....there seems to be a very simplistic and myopic view of this business deal at the hands of the media and the President's critics....(I am vociferously against the "rubber stamp" the president has used on ALL legislation that has come across his desk....this administration has been financially irresponsible, and could use the line item veto)