SOS2008
Gold Member
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I understand that cronyism has always been a part of politics. Under Bush the "conflict of interest revolving door" is spinning out of control, and the total lack of merit (couldn't Bush appoint Brownie to be Ambassador to some harmless country?) and lack of ethics (the list is too long) is astounding. These topics have been discussed in overlapping threads with a wide array of evidence provided, and I'm compelled to ask if you've paid much attention to it?russ_watters said:SOS, I'm compelled to ask if you've paid much attention to politics before the Bush admin? Cronyism (the other two are matters of opinion) is an enormous part of what politics is all about.
I was searching for information about China making a bid--I thought to manage a port in L.A., but don't have time to look further at the moment. To reiterate what edward posted:Bystander said:POTUS is required make individual appointments for every instance in which foreign acquisition of another foreign corporation occurs? You're absolutely certain that the DPW acquisition of P&O is that unique an event?
According to the Treasury Department's web site, the relevant part of federal law, the "Byrd Amendment" to the Defense Production Act, calls for an investigation of a transaction if:
-- the acquirer is controlled by or acting on behalf of a foreign government; and
-- the acquisition "could result in control of a person engaged in interstate commerce in the U.S. that could affect the national security of the U.S."
Further, I found this exchange at today's Senate Armed Services Committee briefing of great interest:
http://newsblogs.chicagotribune.com/news_theswamp/2006/02/white_house_may.html"The statute says an investigation shall be made, that's mandatory if the acquisition could affect the national security of the U.S.," Levin said. "It seems to me it is obvious, it is clear, even by your own actions-the fact that additional requirements were imposed here-that this acquisition could affect the security of the U.S," Levin told Kimmitt. Sen. Hillary Clinton (D.-N.Y.) made a similar point.
"If you want the law changed, I don't care which administration you represent, if any administration wants the law changed, this or a previous one, come to congress and change it. But don't ignore it," Levin said.
"...We didn't ignore the law," Kimmitt responded. "We might interpret it differently. But the fundamental facts here (are) concerns were raised and they were resolved. If they hadn't been resolved then the national security would have been effected."
"If the national security could be affected this law requires an investigation," Levin countered. "Not just what you call a resolution of concerns... if the executive branch doesn't like it come to Congress and change it. Don't interpret it away. That's my plea to any executive branch."
Sen. John Warner (R-Va.) the Senate committee's chairman who called the briefing and who has given every impression of supporting the administration's position on the deal, was clearly struck by the Democrats' argument.
"I must say as a lawyer myself, reading this myself, on the face, my colleagues raise a legitimate question," Warner said. He requested that Attorney General Alberto Gonzales prepare a legal memo explaining how his and prior administrations' rationale have interpreted the statute.
"...if the executive branch doesn't like it come to Congress and change it. Don't interpret it away." Where have we heard this before?