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Wednesday, February 22, 2006

Dubai Port Deal: Follow the Money

In the news we have been reading about the six ports in the United States that will be given over to a Dubai firm for control. Two of the 9/11 hijackers were from Dubai, and some have questioned Dubai's alledged backing of terrorists. I have been following the news closely with a particular ear to hear the jingle of the money trail.

The New York Daily Times alleged that some in the Bush administration have ties to the firm. They isolate two ties:

"One is Treasury Secretary John Snow, whose agency heads the federal panel that signed off on the $6.8 billion sale of an English company to government-owned Dubai Ports World - giving it control of Manhattan's cruise ship terminal and Newark's container port."

"The other connection is David Sanborn, who runs DP World's European and Latin American operations and was tapped by Bush last month to head the U.S. Maritime Administration."

In the blog Voteswagon which supports the Bush Administration I left this comment yesterday:

"Interestingly, if you look that the Bush family has in previous business relationships with countries in the Mid East, his stance is not surprising. I am not pointing this out as a criticism but just an observation. Explore the money trail and you will understand."

Is this an act by a lame duck president to secure his financial destiny? You decide.


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