Port Deal 'Pull Out' Is PHONY
Cheryl Seal
Port Deal 'Pull Out' Is PHONY - Dubai Will STILL Be Owner
Thu Mar 9, 2006 19:02
64.12.116.133
So we are all supposed to click our heels, grin and give Bush a big
ole thumbs up in the next approval poll because he tossed out a bogus
bone: The Dubai Port deal "pull out." The Bushie media are spouting
this story as if Bush had "given up" and Dubai Port World had
withdrawn from the deal. But look again. DPW is only turning
operations over to an American holding company. They are STILL the
guys "behind the curtain." This smells very much like a back rooms
deal worked out by Bush and his pals in Dubai/UAE. Just tell let
'em think they won - meanwhile, it'll be the same company, different
name on the door.
AP (A.merican P.ropaganda) and Reuters (Neo Con News) both immediately
cranked out misleading stories with even more misleading headlines to
aid Bush - their bilge was quickly picked up and smeared around the
world.
this week] But fortunately, there are some publications where real
news can still be found. Here's the real story from Forbes:
"In what could be a last-ditch effort to salvage its deal to operate
East and Gulf Coast ports in the U.S., DP World told Congress that it
would agree to transfer control to a "U.S. entity," which could simply
mean a subsidiary of the Dubai operation.
"In a statement, first read on the floor of the U.S. Senate by
Virginia Republican John Warner, DP World said the decision was made
to "preserve the strong relationship between the U.S. and the U.A.E."
But in fact, it sounded suspiciously like a device carefully
crafted by DP World's huge team of lobbyists and lawyers to salvage
the deal in some fashion.
"The new entity is supposed to have an American board and American
managers, but the ownership was still questionable. Or, as New York's
Democratic Sen. Charles Schumer observed, "the devil is in the
details." If DP World is in fact merely planning to put its U.S.
assets under a U.S.-managed subsidiary with oversight from a
U.S.-staffed board, it would be following in a long line of foreign
suppliers of defense technology to the U.S.
"This looks like a variant of that," says Clyde Prestowitz of the
Economic Strategy Group in Washington. "
http://www.forbes.com/home/logistics/2006/03/09/dubai-p... Compare this to the intentionally vague and misleading AP crap:
http://www.signonsandiego.com/news/nation/terror/200603... Fortunately, not everyone in Congress is a clueless cluck. Rep. Peter
King (NY) wasn't so quick to swallow the bait and said he would
reserve any celebrations until he saw the details of the deal. And
he's wise to wait - one of the warning signs was Bush brown-noser
Bill Frist's too-quick observation: "This
DPW]should make the issue go away."
http://disc.server.com/discussion.cgi?disc=149495 ;article=99558;title=APFN