Friday, March 10, 2006

Plan B

Tempest In A Teapot?


Excuse me while I tilt my ever balding head back, look toward the heavens, and issue a hearty belly laugh--directed toward the Democrats and most of the lamestream mainstream media.

Just in case you haven't heard, DP World, the UAE company that wanted to take over the operational managment of five US ports, tossed a big old bucket of ice cold water onto the roaring flames that were surrounding them and being fanned by the media, the Democrats, and most of the lilly livered Republican Congressmen.

Instead of enduring a witch hunt Congressional hearings, DP World chose to end the growing hysteria by transfering the control and managment of the US port operations to a "US owned entity".

I can't help but wonder what this actually means.

It was unclear how the company would manage its planned divestiture, and Bilkey's statement said its announcement was "based on an understanding that DP World will not suffer economic loss."

Even critics of the deal expressed cautious optimism that DP World's move would quell the controversy surrounding that company's plan to take over some terminal leases at six major U.S. ports held by the London-based company it was purchasing.


US Tax dollars wouldn't be the balm used to smooth over this political wound and to assure that "DP World will not suffer economic loss," would it?

I'll bet you it's going to cost us something in the long run.

This sudden development that was announced late this afternoon, just as the purchase of the rest of the worldwide operations was completed in Great Britian, left Harry Reid and the rest of the Democratic Congress sputtering and blubbering.

They won't say it out loud, but what Mr. Reid and his cronies are really upset about is the loss of this total non-story that they had expected to keep flogging on CNN and on the front pages of the nation's newspapers for at least the next 45 days, if not all the way into the November mid-term elections.

I personally don't believe that this change in the terms of the deal came about accidentally.

Further, it seems to me to make good business sense because the five ports here in the US (Miami, New Orleans, New York, New Jersey, and Philidelphia) only represented about 10% of the total contract value.

I suspect that President Bush and at least a few others well known personalities in the top levels of the Federal government knew that the contract revision was coming or even asked for it to happen well before it was made public today.


Bush is probably laughing is ass off, and would be quite pleased to thumb his nose to his detractors, and possibly quote the words of this lovely lady...(SNL's Emily Latella)


"NEVER MIND"

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