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Lockheed Martin, the largest US defense contractor, said it had a record year for new orders in 2010 in spite of the squeeze on military budgets, as it reported better-than- expected earnings for the fourth quarter.
The New York Times published on Christmas Eve a story exposing nearly 300 US companies that hold special export licenses allowing them to do “billions of dollars in business with Iran and other countries blacklisted as state sponsors of terrorism.”
Last September, the Financial Times reported that the U.S. had struck deals to provide Saudi Arabia, the United Arab Emirates, Kuwait and Oman with $123 billion worth of arms. The repressive monarchy of Saudi Arabia accounts for over half that figure, with it set to receive $67 billion worth of weapons, including 84 F-15 jets, 70 Apache gunships, 72 Black Hawk helicopters, 36 light helicopters and thousands of laser-guided smart bombs – the largest weapons deal in U.S. history
In Yemen, which has received more than $300 million in military aid from the U.S. over the last five years, the Obama administration continues to support corrupt thug and president-for-life Ali Abdullah Saleh, who recently ordered a massacre of more than 50 of his own citizens who dared protest his rule.
$708.2 billion, the sum requested just for fiscal year 2011, is an extraordinary chunk of change. The Center for a New American Security (hardly a dovish think tank) calculates that, adjusting for inflation, this sum is 13 percent higher than the defense budget at the peak of the Korean War, 33 percent higher than at the peak of the Vietnam War, 23 percent higher than at the peak of the Cold War, and 64 percent higher than the Cold War's average.
Barack Obama's campaign has pocketed $870,165 from defense-contractor sources, 34% more than the $647,313 in contributions McCain's campaign received from the same sector. Traditionally, GOP candidates — who tend to favor higher military spending than their Democratic rivals — receive more donations from defense-company political action committees and employees.
Originally posted by CosmicCitizen
And stop giving their country billions in foreign aid which gets looted by the dictator and others in power at the top.
Originally posted by CosmicCitizen
And stop giving their country billions in foreign aid which gets looted by the dictator and others in power at the top.
Originally posted by CosmicCitizen
And stop giving their country billions in foreign aid which gets looted by the dictator and others in power at the top.