DOBBS: President Bush's family and members of the Bush administration have long-standing business connections with the United Arab Emirates, and those connections are raising new concerns and questions tonight in some quarters about why the president is defying his very own party leadership and his party in defending the Dubai port deal.
Christine Romans reports.
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CHRISTINE ROMANS, CNN CORRESPONDENT (voice over): The oil-rich United Arab Emirates is a major investor in The Carlyle Group, the private equity investment firm where President Bush's father once served as senior adviser and is a who's who of former high-level government officials. Just last year, Dubai International Capital, a government-backed buyout firm, invested in an $8 billion Carlyle fund.
Another family connection, the president's brother, Neil Bush, has reportedly received funding for his educational software company from the UAE investors. A call to his company was not returned.
Then there is the cabinet connection. Treasury Secretary John Snow was chairman of railroad company CSX/. After he left the company for the White House, CSX sold its international port operations to Dubai Ports World for more than a billion dollars.
In Connecticut today, Snow told reporters he had no knowledge of that CSX sale. "I learned of this transaction probably the same way members of the Senate did, by reading about it in the newspapers."
http://transcripts.cnn.com/TRANSCRIPTS/0602/22/ldt.01.html
Snow Snowed on Ports Deal? by Michelle Pilecki
OK, it's no secret that Treasury Secretary John Snow, whose former employer sold its ports business to the Dubai company creating such a political uproar now, was caught by as much surprise as his current boss and fellow secretary Donald Rumsfeld by the deal, according to Reuters.
"The people who vet these transactions aren't political people," Snow said."The people who vet these decisions are people who wake up every morning saying 'are the security interests of the United States in any way being jeopardized?'"
"We don't want people whose major interest is the security interest of the United States wearing a political hat," Snow said.
It's difficult to believe that any policy wonks would be so politically naive, but even allowing that, there's a followup question that nobody has asked Secretary Snow. With thanks to georgia10 at Daily Kos, we discover that Snow should have known about the Dubai Ports World proposal because by law he's supposed to chair the Committee on Foreign Investment in the United States. So where was he when the committee he chairs approved the deal?
http://www.huffingtonpost.com/nellie-b/snow-snowed-on-ports-deal_b_16261.html