Is Pres. Bush is showing wisdom to support the takeover of 6 US-main ports by an Arab Co.??
THE attempt by a group of US Congressman to block the takeover of six US ports by an Arab company is wrong >>said Bush & vowed that he will veto any legislation that stops this purely commercial transaction. The UAE company, Dubai Ports World (DPW) an established international port operator, is in the process of acquiring, for a friendly bid of $6.8 billion, the ports business of the British company P&O. As part of the deal, the Arab company would acquire the responsibility for running ports in New York, New Jersey, Philadelphia, Baltimore, New Orleans and Miami. Just in case that Dubai Ports World is barred from its management of US-ports what message the US rejection be to the Arabs & the World in general??1 We all know whole World know that (( The Arabian Gulf >> 6 Rich oil/Gas Arab states)) is generally awash with US-Military bases incl the 6th fleet and the US is awash with trillion-dollars of Gulf Arab money and investments >> also all the 6 Arab Gulf states were cooperating in the War of Terror especially Dubai Emirate .. but when it comes reciprocating on hallowed US soil, then its thanks but no thanks.Friendship cannot be a one-way street forever and it is surely about time the Arabs stood up for their own interests. Bigotry cannot be tolerated by decent ppl. and if the US Senate is determined to show a bad example, then America should suffer the consequences where it hurts most: IN ITS POCKETS. BTW: This small state called Dubai have a month ago signed a 30 billion $ Contract for a new Industrial Port in Saudi Arabia.
Asked By: alsahran_ye - 2/23/2006
Best Answer - Chosen by Asker
Well, first off, the company is owned by the UAE government, which, while I wouldn't exactly say is a close friend of the U.S., is an ally. Second, all the company is doing is taking over managing the ports -ownership will still belong to the various port authorities in each city. The managing of the port will not... More
Answered By: airedale260 - 2/23/2006
Additional Answers (11)
Well I think this company will comply with Homeland security... More
Answered By: stargazer2006 - 2/23/2006
No. He's a fool. He's tarring the whole Arab world with the same brush. The UAE is an alli of the USA.
Answered By: andyingreece - 2/23/2006
Don't you get it, they will pay to acquire, bring money from the Arab world to run it. They cannot take these ports to Arabia. In fact the asset will remain a US property without any liability on the US. The US can any day pass a legislation to recover the asset and freeze the funds. Get it.
Answered By: Iconic - 2/23/2006
No. He's let another moron in his cabinet get him in trouble and leave him looking like a moron as usual. Bush will go down in history as the Republican version of JIMMY CARTER...
Answered By: neparis2001 - 2/23/2006
I have no idea, one thing I was wondering, what the f**k were you talking about in you answer for me? The first person on the list was correct!
Answered By: goode_times_die - 2/23/2006
Stargazer2006 is so right. That was said the way I wanted it said, but I'm not so good with words. They are our allies and have helped us so much.
Answered By: bungiebabe - 2/23/2006
Its an odd thing to have the word " wisdom " in context with anything Bush does. Honestly I think our xenophobia regarding Dubai ties right into this forever war on terror that has mired us down into Iraq. You can't have it both ways... More
Answered By: planksheer - 2/23/2006
I disagree with a lot of what President Bush has done. But I think he is doing the right thing by supporting the deal to sell P&O to DPW... More
Answered By: sandislandtim - 2/23/2006
Answered By: O'Henry McWood - 2/25/2006
Yes, However Americans are concerned about plans to allow Dubai Ports World to manage operations at six major American ports. Indeed, many Congressional offices were flooded with calls and emails... More
Answered By: sam - 2/27/2006
Has he used any wisdom in all the other decisions he has made???????????????????????????????????????????
Answered By: soul child - 3/2/2006
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