Saturday, April 29, 2006

Bush Quietly Approves Dubai Takeover


Who's Sorry Now?
We know, you're rubbing you eyes and saying "Dubai?!?" Isn't that old news?

Nope. This isn't about the ports, it's about ownership of other US companies, only this time, it's done quietly and with full approval of your president. "President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal."

We want to know where GWB's loyalties lie? Well, apparently smack dab in the middle of the Dubai family holdings, the Carlysle group (remember them), etc.

Interesting article here from WND: "Then we find that Dubai International Capital, a private equity investment capital firm that is a wholly owned subsidiary of Dubai Holdings commonly participates in co-investments with the Carlyle Group. Dubai Holdings, like DP World, ends up being owned by the United Arab Emirates government, with ultimate ties to Sheikh Mohammed bin Rashid Al Maktoum, the successor currently at the head of Dubai's royal family. Even Republican senators are scratching their heads wondering why President Bush has dug in his heals with determination that the DP Worlds deal will go through, even if the first presidential veto of the Bush administration needs to be invoked. Yet, is the Bush administration really willing to vet before Congress a full "follow the money" investigation that leads ultimately to examination of the Carlyle Group's many co-mingled investments with Dubai investment entities that are nothing more than business-front entities for the UAE government? Does the Bush administration really want to go down this trail? "

As this article points out, wasn't it GWB himself who said "follow the money"?