Here is the excerpt from the print edition (some of the excerpt is only in print and not online):
"Behind the scenes, business lobbyists are pushing for a compromise to resolve the Duvai deal without reopening the legislation that governs foreign takeovers at a moment when the issue is so hot politically...A number of lawmakers, among them Senate Banking Chairman Richard Shelby (R., Ala.), have called for the committee [that approves such deals] to operate with more transparency, and some have urged that the law be changed to allow Congress to override any deal. The U.S. Chamber of Commerce and other business interests, backed by the administration, oppose such changes, arguing they could harm the climate for foreign investment in the U.S. and disrupt U.S. companies' ability to invest overseas."
Luckily, Rep. Sherrod Brown (D-OH) has already released details of legislation that he is going to be introducing that would force national security concerns to take precedent in trade and commerce negotiations. Incredibly, though, even the Bush administration's top national secuirty officials are toeing the corporate line. Here's White House National Secuirty Adviser Stephen Hadley quoted in the Wall Street Journal piece:
"What the Congress and the companies are able to work out, we'll support and cooperate with so long as it does not involve a summary decision by the Congress that blocks this transaction."
This is the second Bush security official to publicly prioritize the corporate agenda over national security (the first one being Homeland Security Secretary Michael Chertoff). And their message is disgusitng: The supposedly "tough on terrorism" White House will only support Congressional national secuirty legislation as long as it doesn't mess with the administration's corporate agenda.
Originally published at Sirotablog featured on www.WorkingforChange.com
