Dubai's $1.2 Bln Bid for U.S. Weapons Maker Delayed.

Source: Bloomberg

Ports and foreign ownership issues, part deux.

Remember...ahh...that hubbub about the stalled ports deal?

Looks like we are going to take a trip down that same road again.

Dubai, which agreed this month to sell its interest in U.S. ports, said its $1.2 billion takeover of a U.K. company with U.S. plants that make military equipment is delayed while the authorities investigate security concerns.

Dubai International Capital LLC, which is owned by the government of the Persian Gulf emirate, and Doncasters Group Ltd. agreed to delay the transaction by as many as two months from March 31 while government agencies review the purchase, Sameer Al Ansari, Dubai International's chief executive, said in an interview today.

"After what happened with Dubai Ports, the government is looking at this deal more closely," Al Ansari said after a press conference in Dubai announcing an agreement with HSBC Holdings Plc.

Dubai's bid may ignite a similar political furor in the U.S. to that the emirate's purchase of London-based Peninsular & Oriental Steam Navigation Co. caused last month when DP World had to agree to sell interests in six U.S. terminals. Revenue from Doncasters' nine U.S. plants, which make parts for tanks and military aircraft, account for about 40 percent of total sales.

How do you show that you are really serious about "national security," GOP?

Quite simple...just allow the same country with known terrorist ties to buy a U.S. weapons maker.

It's a given that the reaction to these deals shouldn't be unexpected from the GOP. They breed an environment of scaring people about terror and using people's fears as a political weapon in a post-9/11 world.

The same Republicans then get mad when the people you have brain-washed simply follow the mindset they created.

I know the urge in the GOP to line one's pockets with these "under the table" deals is hard to let go, but you created this monster and must now live with it.

I always love when a evil plan, scaring people for the "war on terror" and "the war on people's civil rights," turns against the perpetrators. You most definitely cannot have your cake and eat it, too, gentlemen.

When do these people ever learn?

Tags: [ports and foreign ownership issues, part deux], [Dubai's bid for US weapons maker delayed], [Washington DC], [Bush], [White House], [Republicans], [he we go again]