Bush Family Ties to the UAE

Lou Dobbs has the story, Crooks & Liars has the video, and Bush has a face-full of birdshot. I can't wait for the next rounds of polls!

Bush Family Ties to the UAE

DOBBS: President Bush's family and members of the Bush administration have long-standing business connections with the United Arab Emirates, and those connections are raising new concerns and questions tonight in some quarters about why the president is defying his very own party leadership and his party in defending the Dubai port deal.

CHRISTINE ROMANS: The oil-rich United Arab Emirates is a major investor in The Carlyle Group, the private equity investment firm where President Bush's father once served as senior adviser and is a who's who of former high-level government officials. Just last year, Dubai International Capital, a government-backed buyout firm, invested in an $8 billion Carlyle fund.

Another family connection, the president's brother, Neil Bush, has reportedly received funding for his educational software company from the UAE investors. A call to his company was not returned.

Then there is the cabinet connection. Treasury Secretary John Snow was chairman of railroad company CSX. After he left the company for the White House, CSX sold its international port operations to Dubai Ports World for more than a billion dollars.

In Connecticut today, Snow told reporters he had no knowledge of that CSX sale. "I learned of this transaction probably the same way members of the Senate did, by reading about it in the newspapers." [Yeah SURE!]

Another administration connection, President Bush chose a Dubai Ports World executive to head the U.S. Maritime Administration. David Sanborn, the former director of Dubai Ports' European and Latin American operations, he was tapped just last month to lead the agency that oversees U.S. port operations.

And in other news...

DarkSyde spots a few minor inconsistencies in Bushevik propaganda:

  • The deal has been long scrutinized and is backed up by our War President and the DoD and it's perfectly fine
  • Rummy and Bush just heard about it the other day
  • The UAE has been the best ally in the war on terra and has cooperated in all investigations
  • The UAE owned company promises to cooperate in future investigations IF they get this deal
  • Except they don't have to fully cooperate and have even been granted a special deal so that they don't have to keep records available to U.S. subpoena or court order, you know, just in case there's that needs to be hidden

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Haliburton has

an office in Dubai and was being investigated in 04 by Waxman
and Comptroller William Thompson of violat-ing U.S. sanctions against American companies doing business with Iran — an allegation company officials vehemently deny.

Referring to a recent report on "60 Minutes," Waxman's and Thompson's complaints revolve around a Halliburton subsidiary called Halliburton Products and Services, which is based in Dubai and registered in the Cayman Islands, a tax haven in the
Caribbean. A treasury department spokesperson said "wholly independent subsidiaries" were indeed not subject to U.S. sanctions against Iran. But the "60 Minutes" report claimed that Halliburton and the subsidiary in question share office space, phone and fax lines in Dubai, and raised the possibility that the parent company might be in violation of the 1995 executive order.

http://www.forward.com/issues/2004/04.02.06/news1.html

more things about Dubai

The United States' trade relationship with the UAE is the third largest in the Middle East, after Israel and Saudi Arabia. The two nations are engaged in bilateral free talks that would liberalise trade between the two countries and would, in theory at least, allow companies to own and operate businesses in both nations.

Some 2,600 companies have bases in a tax-free zone near Dubai's downtown area, while nearby Internet City hosts regional offices for Microsoft, Dell, Siemens, Oracle and IBM. More than 80 per cent of Dubai's 1.5 million residents are from overseas, mainly Britain, India, Iran and Lebanon.

Earlier in the year, the Dubai government took a £1bn interest in the US carmaker DaimlerChrysler. DPW was formed last month following the merger of Dubai Ports Authority and Dubai Ports International.

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