Thursday, March 09, 2006

Dubai port deal dead

DP World of the United Arab Emirates has withdrawn its plan to take over operation of several major US ports. For the moment, it looks like DP World has done GW Bush a favor, saving him from a bruising political fight he stood little chance to win. Senate Republicans sound relieved too, as they were facing pressure to act on the deal after a resounding bipartisan vote to kill it in the House yesterday.

Looking at the polls, there was little chance that Bush could pull off the deal he strongly favored. In the end, the administration deserves the blame for not getting what it wanted. They have done nothing to prepare the American public for doing this type of business with Arab countries. Overall, I thought the deal had plenty of upside, but we won't find out now.

1 Comments:

Blogger sam's notes said...

Nice post. You broke the story for me, with a good crisp analysis of what went wrong.

3/09/2006  

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