Republican Port Deal Sells out America

By admin
Published:February 23rd, 2006

Yesterday Bush vowed to veto any legislation from Congress that would block the sale of operations at six top U.S. seaports to a company controlled by the government of Dubai (CSX Corporation).  Quite a strong stance considering that the decision was made without Bush’s knowledge.  When initially asked about the deal two days ago, Bush said he was not aware of it.  Now he’s touting the indepth process behind the decision. 

Not only does Bush want to jepordize our port security by handing it over to a company from a country that produced two of the 9/11 hijackers, some democratic senators are raising concerns about a link between the treasury secretary’s former employer and the Arab company.

Treasury Secretary in the Bush Adminstration since 2003, John Snow, worked for about 20 years at the CSX as chairman and CEO. In December 2004, after Snow had left CSX, that company’s port business was sold to Dubai Ports World in a deal worth more than $1 billion. Snow received $72.2 million in compensation from CSX in 2003, including $33.2 million from a special retirement pension, Dodd said, citing press reports. Dodd said the press reports also said that Snow had a stake in a CSX deferred compensation plan worth between $5 million and $25 million.

Reminds me of Cheney and Halliburton.

 The Congress (and I mean ALL of the Congress) is not happy with this deal.  Neither are the American people.  It’s about time we grew another branch of government. 


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