February 19, 2006

That Arab Seaport Takeover Thingie

Filed under: Economy, Taxes & Government — TBlumer @ 4:26 pm

UPDATED Feb. 26: The Dubai Deal: Confessions of a Knee-Jerk Reactor (with a Few “Good” Excuses)
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Sorry for the shaky title, but I can’t keep up with the nitty gritty of every story.

So give me a couple of minutes and I’ll look this article over…….

……….

OK, I’m caught up.

It’s an outrage. It should be stopped. It shouldn’t have taken bipartisan Congressional objections to call attention to the dangers of this deal.

And how many others don’t we know about?
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To Be Clear — I don’t think foreign ownership or operation (especially if it’s quasi-governmental) of port facilities is a good idea, period, regardless of the country involved, for the reason indicated here (third-to-last paragraph):

“When you have a foreign government involved, you are injecting foreign national interests,” Kreitzer said. “A country that may be a friend of ours today may not be on the same side tomorrow. You don’t know in advance what the politics of that country will be in the future.

For the record: The ports involved are New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.

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