On a personal level I have a real heartburn over turning over a port operation to a foriegn country other than a very trusted ally. There is already far too little screening of what is being transported through those places much less letting a middle east country have direct responsibility for one, much less 6.
I understand Bush wanting to "throw a bone" to a ME country, but I think giving them the keys to the front freaking door is not a good idea. There are other trade options that can be used to help a "friendly" muslim based country.
It's sad to say that when the conflict with terrorists started out for us that it was not specifically a religous based conflict, on this side of the ocean. The insistance of the terrorists claiming that it is has likely made it one for us now. Until the muslims get off of their dead butts and start turning these barbarians in, I for one cannot take them seriously that they are not tacitly giving approval for the actions of the terrorists. Talk is cheap, but until they back it up with action and stop the actions of their own people in doing this type of action I simply don't believe they don't condone and support it.
The same goes for any confidence I have in giving a muslim based nation an open door in our security on our own soil.