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Fold, Spindle, Mutilate[Previous entry: "Sandra Day O'Connor Warns Of "Beginnings" Of Dictatorship..."] [Main Index] [Next entry: "Oversight by Capitulation"] 03/10/2006:"Bush at his lowest ebb after ports defeat"By Edward Alden and Holly Yeager in Washington Financial Times President George W. Bush's defeat over the Dubai ports deal has put him in the weakest political position of his presidency. Some of his former supporters are now questioning whether the president can regain the initiative during his remaining three years in the White House. "If this was a European parliamentary system, it would have been a vote of no-confidence," said Ed Rollins, a top political adviser to President Ronald Reagan and now a Republican strategist. An AP/Ipsos poll on Friday found that confidence in the president continued to fall, even among Republicans. Two-thirds of Americans said the country was now on the wrong track, up from 61 per cent a month ago, and 77 per cent believed a civil war would break out in Iraq. On Thursday, Dubai Ports World, the state-owned company which had acquired five US port terminal facilities as part of its $6.8bn purchase of P&O, was ordered by the ruler of Dubai to divest the ports in the face of congressional opposition. That may not be enough to end the controversy, however. A person close to the deal said last night that DP World would not necessarily sell all of its interest in P&O's US assets and could retain as much as 49 per cent. A list of potential buyers is thought to have been drawn up, including New York's Maher Terminals, Eller & Co of Miami and private equity companies Blackstone and Carlyle Group. The company is talking to the Treasury department about ensuring that the deal is not done too quickly in order to allow a reasonable price to be raised. Mr Bush on Friday warned that the action of Congress in blocking the Dubai deal could have damaging repercussions. "In order to win the war on terror, we have got to strengthen our relationships and friendships with moderate Arab countries in the Middle East," he said. Congressional Republican leaders insisted the defeat would not do lasting damage to relations with the White House. But Mr Rollins called the damage "serious" and said: "I don't think it gets easily fixed." Additional reporting by Christopher Swann and Robert Wright Copyright The Financial Times Ltd. All rights reserved.   Replies: 26 Comments I check with other people trying to get the RSS feed to work for this site, and I get mixed results from it's you, to it's your browser. Can anyone confirm the problem? Shycon said @ 05/31/2006 06:17 PM EDT I can't seem to get my RSS feed for this blog to work. Is it me or the site? 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