Search
Newsweek- Politics: Fallout From the Dubai Debacle
Monday March 20, 2006From Newsweek:
Politics: Fallout From the
Newsweek
March 20, 2006 issue - Dick Cheney was on the phone. It was almost two weeks after Rep. Peter King of
Two days later, the deal was dead and the last trace of trust had vanished between the GOP-led Congress and the president on the ports deal. George W. Bush's allies marvel that the White House could have misread them for so long. And they still disagree about the basic facts, including what happened last week when GOP leaders trooped into the White House to tell Bush they couldn't (or wouldn't) stop their own members from blocking the takeover. "It's not going to work," House Speaker Dennis Hastert told Bush, according to one GOP aide. That's not the way the White House saw the meeting. "News flash: it wasn't like that at all," scoffed one senior Bush adviser (who, like the GOP aide, declined to be named while talking about a private session). "The president knows a prairie fire when he sees one." Some Bush allies are renewing their calls for adult supervision in the White House. "There's a need for a Leon Panetta or Howard Baker-type figure in the administration," GOP Rep. Tom Cole told NEWSWEEK. "You need a senior decision maker who understands the Congress and whom people in Congress understand."
D.C. lobbyists now foresee an increased workload—and thus, a bigger payday—in foreign takeovers of all sizes, which will need extra paperwork and path smoothing to avoid the same kind of political firestorm. At least two deals are getting the extended security review that Dubai Ports World avoided. One is an Israeli high-tech company that is paying $225 million to purchase Sourcefire, a
—Richard Wolffe and Holly Bailey