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Politics : PRESIDENT GEORGE W. BUSH
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To: PROLIFE who wrote (727347)2/22/2006 1:28:17 PM
From: CYBERKEN  Read Replies (1) of 769670
 
The pertinent question is really WHY there are no domestic companies interesting in the bidding to operate ports.

The longshoremans' unions have been an open sore on the American economy for far too long. The corruption of tort law and the confiscatory taxes have made many such enterprises unprofitable. Then, of course, there's the MOB. A few years ago there was a documentary pointing out that ALL port activities had been chased out of Manhatten-mostly to New Jersey. Yet-thanks partly to Hollywood-we still think of the MOB as "cute".

True, foreign companies will have the same problems (to at least a limited extent) as those above if they invest in American ports. But our CONCERN should not be why the Chinese and UAE capitalists are jumping in, but what monstrosities WE have created to harass domestic capitalists out of potentially job-creating investments like port management...
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