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Verdant

Hi Surfer,

I understand your reservations, but respectfully disagree with your assessment. It's important that we support free trade. And the UAE is more of an ally than you suggest http://seattletimes.nwsource.com/html/nationworld/2002823048_portsemirates23.html and http://www.foxnews.com/story/0,2933,186644,00.html. No it is not Israel, but in the middle east, it is a significant partner in a land full of very dubious friends and many outright enemies. Moreover, the ports had foreign shareholders before the foreign shareholders were themselves purchased by the UAE eentity. http://www.breitbart.com/news/2006/03/13/D8GB0HJGC.html and http://www.time.com/time/nation/article/0,8599,1161466,00.html. Therefore, it is not the presence of foreign owners that caused the uproar, but of arab owners. Certainly, under these circumstances, the UAE government could feel justified in forcing US companies to divest their ownership in companies based in the UAE as a result of the situation in the US. Indeed, the UAE may be justified in transferring its foreign reserves into dollars if it is not permitted to spend its dollars freely in the open market. http://www.foxnews.com/story/0,2933,186601,00.html and http://news.independent.co.uk/business/news/article351127.ece.

Solid Surfer

I'm not sure that the UAE is so important to the U.S. I think that America is actually way more important to them, since our troops have protected their oil fields from being taken over by their larger neighbors (Iraq when it was under Saddam, and now potentially Saudi Arabia).

Also, I don't think the prospect of having Arab owners is what scared people. Rather, it's the fact that the company is fully controlled by a government with links to terrorism and fundamentalist Islam. If the ports were controlled instead by, say, a company privately owned by Christian Arab Americans with no links to terrorism, then I doubt anyone would be worried, even though the owners would be just as Arab as the UAE rulers.

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