Once again, David Brooks nails it. His is a must read piece. One slice of his commentary is below.
The politicians in this country have gone nuts. Some Democrats and Republicans must be blinded by perceived political benefit by rolling out bogus fears and foolish arguments. Bush is taking the right position. The Empire State politicians, in particular, are nutso on this issue!
"But let's be clear: the opposition to the acquisition by Dubai Ports World is completely bogus.
The deal would have no significant effect on port security. Regardless of who operates the ports, the Coast Guard still controls their physical security. The Customs Service still controls container security. The harbor patrols, the port authorities and the harbor police still do their jobs. Nearly every expert who actually knows something about port security says the ownership of the operating companies is the least of our concerns. 'This kind of reaction is totally illogical,' Philip Damas, research director of Drewry Shipping Consultants, told The Times. 'The location of the headquarters of a company in the age of globalism is irrelevant.'"
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