It was an embarrassing spectacle to see politicians of all stripes running around the country last year in an effort to stir up dust over a plan to allow a Dubai based company to oversee port operations at several locations in the country. Both political parties drew strength from the fact that many Americans seemed clueless about international companies already d0ing this port business for many years. Everyone either saw a terrorist act in the making, or hoped to make others see it. Whatever the motives or intent the end result was that the United States looked like ninnies to the world community.
I hope we do not again make the same mistake with a new deal that is in the making.
Dubai Aerospace Enterprise is working on a deal to buy a series of aviation businesses from U.S. private equity firm Carlyle Group. As part of the agreement, the Dubai company would buy Landmark Aviation, an aircraft maintenance provider, and Standard Aero, which provides repair and overhaul services at airport terminals for small-jet aviation and some military transports.
It was a most remarkable sight to see both Democrats and Republicans simultaneously jumping to the most illogical thinking just because a very well-respected company located in the Middle East wanted to do business in the United States. It was hard to get past all the lather that these politicians created as most of our nation seemed not to be aware how port authorities operated, and what a holding company actually was designed to do. This is yet another example of why the public needs to be educated on the issues of the day so they can not be led astray by self-serving politicians.
It was bizarre to see politicians argue that a business bridge to the Middle East should not be created just so a few points could be scored for the latest polls here in America. I trust that those who harbor Potomac fever (or others) do not create an embarrassment over this latest deal with Dubai Aerospace Enterprise. And I trust that my fellow citizens are better informed about international economics.