These folks are weighing in on the DPW pull out:
Tom Bevan at RCP Blog has a post mortem and asks some interesting questions:
So the deal is dead. I think the emotion behind the issue was understandable, though misplaced. Turning away Dubai may or may not have long term economic and foreign policy ramifications, but anyone who thinks that we’ve somehow made our ports safer by telling DPW to shove off is kidding themselves.
And now that we’ve set this precedent and labeled it as vital to national security, aren’t we obligated to start asking some other questions? Something like eleven out of the thirteen terminals at the port of Long Beach are operated by foreign-owned companies, almost all of which have some level of government ownership. That includes the Chinese, who are probably less of a strategic ally than Dubai. Must we insist they divest themselves from port operations?
Ed at Captain’s Quarters calls it A Dreadful Interlude for All:
It’s a rare event indeed that leaves everyone involved diminished in some capacity. This, unfortunately, was one of them, and I’m glad it’s almost over.
Carol Platt Liebau talks about the Dubai Divestiture:
But there’s plenty of blame to go around. No one from the Administration made a public, readily understood argument in favor of the ports deal going forward, or adequately responded to the concerns voiced by Democrats and Republicans alike.
And finally, who urged the President — who has declined to veto even gargantuan spending bills — to choose this issue for a veto threat?
All Things Beautiful has a good round up of reaction. She makes a good point about which company has the money to purchase DPW’s interest in the US terminals:
Well, let’s hope someone has $6.8 bil stashed away in the closet, as Dubai ports is certainly not going to fire sell this asset. One potential private-equity buyer, namely Washington’s Carlyle Group, said “the firm will probably not be interested in P&O’s port operations, given the political scrutiny such a deal would invite.” Speaking as an experienced negotiator, this provides a great scene setting for cutting a lucrative deal, and it looks as if though some are already starting to play hard to get.
Bryan Preston from the Junkyard Blog asks if we have just made a new enemy:
If the emirs’ thinking really does come down to “All we’ve done for you guys,” the “you guys” being us, then yeah, there will be some negative fallout for this deal. Reality is that we have done an awful lot for them, but as is typical around the world, what the US does for anyone else is largely forgotten, while what any country does for the US, however small it may be, gets used to guilt-trip us into doing more.
RightWing Sparkle thinks the Dubai pull out is a good thing for everyone:
I see this as a win win all around. The situation gets resolved in the manner the people wanted and Bush doesn’t look like a wimp that caved. The Republican congress looks like it stood strong on the issue so it can’t be used against them in the elections AND our Middle Eastern friends can’t be mad at Bush on the matter since he stood up for them.
Sean at The American Mind thinks the Dubai pull out is a bad thing all the way around:
Dubai Ports World gives up. This isn’t good. Demogogues win without making a case that DPW was a security threat, and economic nationalists use this to make the case that only American companies should own certain industries. What industries that will be will depend on the political winds, don’t let anyone tell you otherwise. Now, we all have to deal with the repercussions.