Tuesday, February 21, 2006
Lessons In Capitalism
News cycles are fickle things. Last week Big Time Cheney was the target of the MSM - and despite their best efforts, the MSM barely laid a glove on him. Personally, I think David Gregory is going to need therapy.
This week, the MSM has latched on to a story it all but ignored in its infancy last week. Dubai Ports World is in talks to acquire Peninsular and Oriental Steam Navigation Company. P&O runs major commercial operations at ports in Baltimore, Miami, New Jersey, New Orleans, New York and Philadelphia.
This kind of merger and acquisition happens all the time in today's global economy. Normally such a business deal would barely merit a blurb in the WSJ Marketplace section. This deal, however, is different. Dubai Ports World is a state-owned business in the United Arab Emirates.
The UAE, for those of you geographically challenged readers, is an oil rich nation in the Middle East. It is a strategic ally (politically) of the United States. That said, it has more than its fair share of Islamofacist Murdering Thugs in its population.
Much has been made in the MSM about the "Bush Administration's Plan to Sell Ports Operations" Dubai Ports World. Hillary declared "Our port security is too important to place in the hands of foreign governments." By so doing, she demonstrated her ignorance to a fact she evidently chose to overlook.
Peninsular and Oriental Steam Navigation Company, for those of you who didn't follow the link or are again geographically challenged, is a British owned company. In case you were wondering, Great Britain is not a state in the United States of America. The United Kingdom of Great Britain and Northern Ireland is a foreign country. P&O has been operating ports in the United States since the early 1900s. Thus the foundation of Hillary's argument crumbles. Its not the first time. Won't be the last.
Should port operations be entrusted to a company owned by a country known to harbor Islamofacist Murdering Thugs? Hell no. Should W nix the port deal? Hell yes. That's not the point here.
The point is, there are a bunch of politically correct, don't offend anybody, never use ethnic origin as a point of judgment spineless liberals who have joined the chorus of politicians demanding the port deal be sunk by W. Make no mistake about it, if this deal is sunk, it will be done because the company's nationality is Arab. It really is that simple.
For a people who claim ethnicity, race, and nationality should never used in making business decisions I find it ironic that political expediency makes them abandon principles so dear to their hearts and minds.
Here endeth the lesson.