Tuesday, February 21, 2006

Hidden Agenda

This is a follow-up to my post here on the take over of port management at a half dozen U.S. ports by state owned Dubai Ports World which is controlled by the United Arab Emirates.

Bush is refusing to budge on this and has even trotted out Chertoff, and Condi to dismiss concerns by a whole raft of people on both sides of the aisle about the control of New York, New Jersey, Philadelphia, New Orleans, Baltimore and Miami falling into the hands of known terrorism supporters at worst and enablers at best.

There is a piece in the San Jose Mercury News noting that Treasury Secretary John Snow, who's department has sign-off on such deals, is not necessarily lily white. Remember that 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.

Note also that David Sanborn, who runs DP World's European and Latin American operations was tapped by Bush just last month to head the U.S. Maritime Administration.

You have to also question why this deal was fast-tracked through the review process in less than 25 days when Congress requires a longer 45 day review when a foreign government is involved and national security may be impacted.

There is some political fallout risk for Bush to continue to back this obviously devisive issue and in light of the track record of this administration you cannot help but wonder what the rest of the story is. I find it hard to believe that we see all of the iceberg here. What other "deal" with the UAE is hanging fire and what is Bush and company's stake in it. I might be cynical but I suspect that this deal for the ports is merely a stepping stone for something even bigger that will net Bush and his cronies even more money, if not directly then indirectly.

If I have learned nothing in the last 6 years dealing with this bunch is that you take nothing at face value and that if you assume the least favorable result for the American people you will probably be right. It's a tragedy but it's true.

UPDATE: Does is give you a warm and fuzzy feeling inside like it does me that Bush didn't even know about this until it hit the press? Yet he is ready to grab his crotch and veto any attempt to delay or examine it closer. What a maroon.

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