When the story broke that the Bush administration had approved a British-owned company's sale of U.S. port operations to one headquartered in the United Arab Emirates, all hell broke loose.

The company at hand, Dubai Ports World, is owned by the United Arab Emirates, so not only would we be handing over operations of our ports to yet another foreign company, but also to a foreign government. The fact that the deal was approved without the legally authorized 45-day investigation normally required when acquisition by a foreign government and security concerns are involved, certainly doesn't help. Then there was President Bush's claim that he knew nothing about the deal until after it had been approved, which wasn't terribly reassuring.

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