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, the NEW YORK TIMES will report Friday.I couldn't find the NYT link, but I did find this link via Reuters.
In this case, the plants in question are owned by Doncasters Group Ltd., a British company that is being purchased for $1.2 billion from the Royal Bank of Scotland Group by Dubai International Capital, which is owned by the United Arab Emirate government.
Why is he so intent on providing these Dubai companies with lucrative business deals? And we're not talking widgets here, but businesses that have direct implications for our nation's security? WTF? I mean, it's not like I don't know the answer to that question, but you would think that the kerfluffle that came out of the failed Dubai ports deal would be enough for him to, you know, think twice about going through with the deal.
Dude seriously needs to be weaned away from the UAE teat.
(Thanks to Blogenfreude for the heads up.)