I'm actually in agreement with Bush on this one. I don't see what all the fuss is about.

If we send the message to the UAE (and the rest of the world) that the US is unfriendly to foreign investors (based on knee-jerk, racist bullshit), it's going to have a very bad effect on the US economy.

For instance, the UAE has a contract to buy a bunch of very expensive Boeing aircraft from the US. They might reconsider that deal and also a free trade agreement that's in the works between them and the US if they see the US as being unfriendly to their investors just because they're Arabs. And they wouldn't be the only country to think twice about investing their money in US interests as a result.