Time Magazine reports that a face-saving Dubai deal may be in the works.
Moving toward a deal that could allow President Bush and congressional GOP leaders to save face and avert a prolonged confrontation, GOP officials said today that they were discussing the idea of having Dubai Ports World seek a new review of its acquisition of a British company's operation that runs several key U.S. ports.There are a couple of problems with this the first of which is there is no way Bush can back down and save face after his initial my way or the highway comments. Backing down at this point would diminish he and Cheney's vision of an imperial presidency. The second problem is the deal was put together by the politically inept Bill Frist who as Joe Gandelman points out
House Homeland Security Committee Chairman Peter King, confirmed in a phone interview early Saturday afternoon to TIME that officials were close to a deal involving the Congressional leadership, the White House and the Dubai company. The agreement would call for a 45-day “CFIUS-plus investigation,” King said, referring to the Committee on Foreign Investment in the United States, a Treasury Department-run interagency panel that probes proposed acquisitions in the U.S.
"hasn't been a terrific strategist for the White House in the past"