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A Wall Street Journal story confirms what I've written about the UAE port scandal: that it has everything to do with Big Money's efforts to prioritize the free trade agenda over national security concerns. And now, the second Bush administration security official is admitting as much.
Here is the excerpt from the print edition (some of the excerpt is only in print and not online):
Here is the excerpt from the print edition (some of the excerpt is only in print and not online):
- "Behind the scenes, business lobbyists are pushing for a compromise to resolve the Duvai deal without reopening the legislation that governs foreign takeovers at a moment when the issue is so hot politically...A number of lawmakers, among them Senate Banking Chairman Richard Shelby (R., Ala.), have called for the committee [that approves such deals] to operate with more transparency, and some have urged that the law be changed to allow Congress to override any deal. The U.S. Chamber of Commerce and other business interests, backed by the administration, oppose such changes, arguing they could harm the climate for foreign investment in the U.S. and disrupt U.S. companies' ability to invest overseas."
- "What the Congress and the companies are able to work out, we'll support and cooperate with so long as it does not involve a summary decision by the Congress that blocks this transaction."