Well well..this ought to provide an evening full of laughs

[SoCalDem]

http://www.freerepublic.com/focus/f-news/1623488/posts


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Bush Set to Approve Takeover of 9 Military Plants by Dubai
NY Times ^ | April 28, 2006 | JIM RUTENBERG and DAVID E. SANGER

Posted on 04/28/2006 4:32:20 PM PDT by neverdem

WASHINGTON, April 27 — 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.

The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said that the final details had not yet been set and that Mr. Bush might put conditions on the transaction to keep military technology in the United States.

But his action is almost certain to attract scrutiny in Congress, because of the political furor that erupted over the administration's approval of a deal earlier this spring that would have given another Dubai-owned company, Dubai Ports World, leases to operate several American port terminals through its acquisition of a British company, the Peninsular and Oriental Steam Navigation Company.

Dubai Ports agreed to drop the port deal after it became clear that Republicans were abandoning Mr. Bush and opposing the takeover.

In this case, the plants in question are owned by Doncasters Group Ltd., a British company that is being purchased for $1.2 billion from the Royal Bank of Scotland Group by Dubai International Capital, which is owned by the United Arab Emirate government.

Because the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the United States, which sent it on to Mr. Bush himself for a decision, a step used only when the potential security risks or political considerations are particularly acute.

Administration officials alerted Congress that the deal would go through the committee's review process in an effort to head off the kind of public debate that surrounded...

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Now Dubai Eyes a Key Defense Contractor
1 posted on 04/28/2006 4:32:22 PM PDT by neverdem
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To: neverdem

Sounds like a great idea!

Put Muslims in charge of our defense.

That'll work!

Wonder what kind of stuff Dubya has been smoking.

2 posted on 04/28/2006 4:33:38 PM PDT by Supernatural (I used to care but things have changed.)
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To: neverdem

He's not set to do it, he already did it. This morning.

4 posted on 04/28/2006 4:35:20 PM PDT by Kimberly GG
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To: Supernatural

For a second I thought I was browsing DU when I read your reply.

5 posted on 04/28/2006 4:35:43 PM PDT by RedBloodedAmerican
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To: neverdem

Insanity. Arabs in charge of our defense. Arabs who have sworn to use nuclear weapons on us. What is wrong with Bush?

6 posted on 04/28/2006 4:35:55 PM PDT by Astronaut
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[Fenris]

1. LOL. That ought to be a bloodbath.

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