What ever happened to 'Buy American'?

WTF, over? From CNN:

The Bush administration should disclose more about a deal that would give a United Arab Emirates-based company management of six major U.S. seaports, former Homeland Security Secretary Tom Ridge said Monday.

The deal -- which will affect the ports of New York and New Jersey; Philadelphia, Pennsylvania; Baltimore, Maryland; Miami, Florida; and New Orleans, Louisiana -- has triggered security concerns among some members of Congress and the public.

In what universe is this a conservative administration?