The Economy: Arms Sales and Missile Defences
While the U.S. economy appears to be in the tank and there are some $85 Trillion in unfunded Medicare and Medicaid liabilities, it would appear that the Arms Industry seems to be thriving.
Some experts have said that the difference between the U.S. and China is that while China has money in the bank and produces goods, the U.S. is in debt, prints money to consume and produces nothing.
It should not come as a surprise that the U.S. Arms Industry is flourishing. The Administration, according to the Washington Post, is quietly working on speeding up arms sales in the Middle East. This includes the strengthening of missile defences to protect oil assets.
Recently announcements have been made to locate Patriot missiles in Poland, apparently to defend against possible missile attacks from Iran. Apparently the push in the Middle East with the UAE and Saudi Arabia is to put pressure on Teheran as well.
The Obama Administration has been advocating a move to clean green energy and pushed the Cap and Trade Bill through the House last year. The push for Arms Sales and the shoring up of missile defenses to protect oil assets, seem to be a contradiction the will to move to clean energy.
Interestingly enough, the Canadian Energy Minister Jim Prentice, announced yesterday that Canada would lower carbon emissions by 17% below 2005 levels by 2020.
There have been a few questions raised about the Afghanistan war as well. The background of this story is in the NP Report titled A Necessary War - for a Gas Pipeline.
The initiatives, including a U.S.-backed plan to triple the size of a 10,000-man protection force in Saudi Arabia, are part of a broader push that includes unprecedented coordination of air defenses and expanded joint exercises between the U.S. and Arab militaries, the officials said. All appear to be aimed at increasing pressure on Tehran.
The efforts build on commitments by the George W. Bush administration to sell warplanes and antimissile systems to friendly Arab states to counter Iran's growing conventional arsenal. The United Arab Emirates and Saudi Arabia are leading a regionwide military buildup that has resulted in more than $25 billion in U.S. arms purchases in the past two years alone.
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