President Bush is set once again to do business with Dubai. Via NYTs:
President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal.This looks like a risky move in light of the bipartisan furor that the port deal raised. But the Administration is taking a more cautious approach to the situation this time, rather than merely hoping the deal passes under the radar.
Because the plants make turbine blades for tanks and aircraft, the deal was reviewed by the Committee on Foreign Investment in the United States, which sent it on to Mr. Bush himself for a decision, a step used only when the potential security risks or political considerations are particularly acute.Still seems dicey, but maybe this new transparency a la Bush is having its desired effect.
Administration officials alerted Congress that the deal would go through the committee's review process in an effort to head off the kind of public debate that surrounded the ports deal.
But Representative Peter T. King, Republican of New York, the chairman of the House Committee on Homeland Security and one of the foremost critics of the ports deal, said on Thursday that he would not necessarily have a problem this time around, in large part because the White House had given the deal a thorough review.We shall see.
"It's a significant improvement over what happened before," Mr. King said. "It's been much more thorough, much more detailed."