It was only to be expected.
Saudi Arabia did not like proposed legislation which would have allowed the government of Saudi Arabia to be sued in US courts for possible 9/11 involvement and would, in turn, have allowed US courts to attach Saudi accounts and assets in the US. So they made some threats of selling off their US assets. And the President of the United States, in good democratic style, caved in to the demands of a dictator. President Obama wasted no time in telling the legislators that he would veto any such legislation.
The Hill: The White House on Monday signaled President Obama would veto legislation to allow Americans to sue the government of Saudi Arabia for any role officials played in the Sept. 11, 2001, terror attacks. ……
The legislation drew widespread attention after Saudi officials reportedly informed the Obama administration that they would sell off $750 billion in U.S. assets if the bill became law, a threat that carries widespread economic consequences if the Saudis follow through.
Earnest appeared to strongly caution the Saudi government against taking such a step.
“A country with a modern and large economy like Saudi Arabia would not benefit from a destabilized global financial market, and neither would the United States,” he said.
The fierce debate over the legislation has bubbled up at a precarious time for Obama, who is set to land in Saudi Arabia on Wednesday to meet with King Salman.
Tags: Barack Obama