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Dubai buying U.S. weapons factories! |
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3/21/2006 8:51:52 AM |
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 If the Dubai Ports deal wasn't proof enough that the United States is selling itself to the highest bidder no matter how unsavory, a new Dubai nightmare is about to go public.
Dubai International Capital LLC -- another government-owned company from the United Arab Emirates' sheikdom -- has delayed its $1.2 billion takeover of a British firm that owns nine U.S. factories, including seven weapons and aerospace plants.
The Dubai corporation bought Doncasters Ltd. in December 2005.
But fallout from Dubai Ports' attempt to take over major seaport operations in the United States caused voter outrage and new awareness of such shady deals.
The ports scheme infuriated voters on two levels.
First, those who believed 9/11 was the work of unfriendly Arab terrorists were flabbergasted to find the White House giving U.S. port security to one of the emirates that housed and funded those attacks.
Second, the deal made it painfully clear to sleepwalking Americans that regardless of what political party runs Washington, the primary function of today's leaders is to sell American industry, infrastructure and even national security to foreign nations.
President George W. Bush was utterly unconcerned. The deal was engineered to help international corporations, not American voters. But for the first time, Bush's party couldn't protect his deal and Congress was forced to kill it.
The latest Dubai deal was expected to be rubber-stamped by the U.S. Committee on Foreign Investment -- just like the Dubai Ports takeover.
But that White House-led committee was so spooked by the ports fallout that it's now doing a "more detailed 45-day investigation into the Doncasters agreement," Bloomberg reported this morning.
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