Ports
"Deal" Sellout
The bigger issue on the "Ports Deal" is not just
the outsourcing of our port security to a
foreign entity during a time of war, even if
that entity has DIRECT ties to our sworn enemy,
it is about unbridled CRONYISM, and how our National
Security interests have become
secondary to the financial interests of well
connected corporations.
This latest "Ports Deal" with UAE is just the
latest and most brazen example of Crony Capitalism.
This has NOTHING to do with "Free-Trade" and
everything to do with cronyism.
It might not seem apparent at first that cronyism
is involved here—How can UAE be a crony?
As Senator Schumer said, "The devil is in the
details." And he is absolutely right.
Everyone is talking about UAE's company taking
over the US ports, but nobody
is talked about HOW they would have to take control.
Dubai Ports World was to take control of the 21
US ports by BUYING the ports operations
from a British company, P&O Ports. That is
how they were to get control. It just so happens that
British P&O Ports is a wholly owned subsidiary
of an American company, The CARLYLE Group.
And it just so happens that the Carlyle Group
stands to make HUNDREDS OF MILLIONS of
dollars on the sale of British P&O to Dubai
Ports World.
If anyone is not familiar with the Carlyle Group
you might be surprised to know that it is composed
of some of the most well connected right wingers,
former and current politicians from here and abroad
whose more notable affiliates are President Bush
and James Baker. Former British PM John Howard
is also part of the group, and is has been published
that current PM Tony Blair is slated to join its ranks
once he leaves office.
The Carlyle connection should not be taken lightly.
Some attention has been made to the link that
Treasury Secretary John Snow has to government-owned
Dubai Ports World. Snow was chairman
of rail firm CSX that sold its own international
port operations to DP World for $1.15 billion in 2004,
one year after becoming Bush's Secretary of Treasury.
But just before becoming Treasury Secretary,
Mr. Snow sold CXS's Horizen Lines division to
the Carlyle Group.
It is now being said that Dubai Ports World will
hand the ports over to an "American entity" to avoid
further controversy. But the key question is
"Which?" No name has been put forth. It is as secretive
as the "American entity." I imagine it
will be the Carlyle Group itself.
Across the sea in the UK, Tony Blair approved
the sale of Qinetiq, Britain's only defense contractor
to The Carlyle Group, making Carlyle the world's
sixth largest defense contractor about two years ago.
By the way, the defense industry has never been
bigger than it is during this new "Global War on Terror."
More recently, Qinetiq (now owned by Carlyle)
bought into British spy school SLIP.
Do I need to remind anyone that Carlyle is one
the biggest recipients of guaranteed, no-bid, no-cap
(crony) contracts in the "rebuilding" of Iraq?
Most people only know of Hailburton and Bectel as
prominent crony companies, but the most insidious
one is the "private equity firm" The Carlyle Group.
WE ARE BEING SOLD OUT, LITERALLY, TO CRONIES.
Our National Security
and well being are secondary to funneling money
to cronies.
Other crony ties in this deal involved to one
extent or another is David Sanborn,
who runs DP World's European and Latin American
operations and was picked
by Bush last month to head the U.S. Maritime
Administration, and Bush's
brother Neil, who once again has a smelly "business
interest," this time to UAE.
Another interesting crony scandal that was successfully
kept out of public
debate was the Riggs Investment Management bank's
money laundering scandal for
Saudi Arabia. It just so happens that GW Bush's
uncle, Johnathan Bush—who
quietly resigned — was President and CEO of the
bank that was slapped with a
$25Million fine and cited by Regulators for failure
to comply with the Bank Secrecy
Act, a law governing anti-money-laundering requirements.
Another interesting but little known fact about
pre-9/11 security was another
Bush crony connection. As it turns out, brother
Marvin Bush was on the Board
of Directors of Boston's Logan Airport and the
World Trade Towers in NY, both
the origin and destination points of the two
hijacked jets. His name was also
successfully kept out of the major news outlets
and quietly resigned.
Katria is the most high profile example of how
Bush cronies (Brownie) have
failed us during critical National Security issues.
AMERICA'S BEST INTEREST
HAVE BECOME SECONDAY TO CRONY CAPITALISM.
National Security has become big, big business.
Unfortunately for everyone else,
the cronys have a vested interest in perpetuating
international tension and
compromising US Homeland Security.
A THOROUGH EXAMINATION of the Carlyle connection
to the Bush Administration
needs to be done. This administration has its
hand in the till and the American public needs
to know how they are being sold out. It is just
one more thing that he might be impeachable for.
Andrew Ploski
New York |