Posted by: drew | March 9, 2006

Dubai Gives Up the Goat

On the same day that both the House and Senate said they would oppose the Port deal, the Dubai firm has said it will divest its entire US Port ownership to an American company.

United Arab Emirates-owned DP World said Thursday it would transfer its operations of American ports to a U.S. “entity” after congressional leaders reportedly told President Bush that the firm’s takeover deal was essentially dead on Capitol Hill.

Given how the Administration has trained the entire country to instinctively oppose this deal, short of any actual investigation, this simply validates the old saying:

“You reap what you sow.”

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Responses

  1. The most disappointing part of this story is that port security is just as bad as it was before.

  2. Absolutely. One can only hope this issue will help bring that to the forefront.


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