by Arianna Huffington
The establishment's full-throated support of the Dubai ports deal is an
object lesson in how huge amounts of money can cloud the thinking of people
on both sides of the political spectrum.
The latest example of someone whose judgment has been clouded by cash is
Jack Kemp. . . .
What Kemp didn't say is that the UAE has invested millions in Free Market
Global, an energy-trading company that he chairs.
. . . Gen. Tommy Franks, whom Kemp used as his debating trump card --
quoting both in print and on Meet the Press the General extolling the
Emirates -- is on the advisory board of Free Market Global, and stands to
profit from maintaining good relations with the oil-rich emirs. . . .
. . . Cheney was the real force behind the administration's rapid approval
of the Dubai deal.
. . . Carlucci is the chairman emeritus of the Carlyle Group, the Bushies'
favorite private equity firm. Carlyle has received at least $100 million in
funding from the ruling families of...yep, the UAE. . . .
And then, as Lloyd Grove reports, there is Clinton's lucrative relationship
with Ron Burkle's private investment firm, Yucaipa, which has partnered with
Dubai in bidding on some major investment deals. . . .
Edward Alden, Stephanie Kirchgaessner and Demetri Sevastopulo, "Dubai
cedes control in US ports battle," Financial Times, March 9, 2006
[The new public infrastructure investment group is co-headed by Robert Dove,
former executive vice president at Bechtel Enterprises, and Barry Gold,
former managing director and co-head of the structured finance group at
Citigroup/Salomon Smith Barney.--Ben Hammer, "Carlyle Group explores acquisition of port operations," Washington
Business Journal, March 10, 2006]