Thursday, February 23, 2006

I knew it!

From Ratbang Diary:

Last night CNN’s Lou Dobbs was on the right track when he said, “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.”

CNN’s Christine Romans was even more enlightening. She said, “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.”

Romans went on to say,“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,” Romans said. “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.’”

Romans continued, “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.

As I said last Tuesday: "Somehow, somewhere, the Bush family is making money off this deal."


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