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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: cody andre who wrote (13654)12/1/1999 7:16:00 AM
From: Zoltan!  Read Replies (3) of 13994
 
Clinton hands Panama Canal over to his campaign benefactors, saying they are no threat:

WASHINGTON, (Reuters) - President Clinton Tuesday dismissed the notion that Chinese control of the Panama Canal could hurt national security once the United States cedes control at the end of the year.

Hutchison Whampoa, a Hong Kong-based company with ties to Beijing, has won the right to control the ports at both ends of the canal, leading some to fear that the Chinese might abuse their effective control of the 51 mile long canal once the U.S. military pulls out of the area.

"I think the Chinese will in fact be bending over backward to make sure that they run it in a competent and able and fair manner," Clinton said at a news briefing.

"This is like them -- is like China coming into the World Trade Organization; I'll think they'll want to demonstrate to a distant part of the world that they can be a responsible partner," he said. "I would be very surprised if any adverse consequences flowed from the Chinese running the canal."

The Panama Canal will pass to Panamanian from U.S. control Dec. 31, ending a 96-year American military presence in Panama.

Earlier this week retired Adm. Thomas Moorer, a former chairman of the Joint Chiefs of Staff, said China was plotting to take over the canal once the United States relinquishes control. He suggested China could use the area to launch a nuclear attack on America....
news.excite.com
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