TV News LIES

Wednesday, Feb 22nd

Last update05:20:13 AM GMT

You are here News Economy U.S. defense industry depends on Mideast

U.S. defense industry depends on Mideast

E-mail Print PDF

U.S. defense industry depends on MideastMiddle East arms sales, such as the massive $67 billion military package for Saudi Arabia, are keeping the U.S. defense industry in business. These days, with the Arab world in turmoil, two presidents booted out and a third fighting for survival of his authoritarian regime, that strategy is being questioned.

The wave of unrest in the region has given new weight to concerns that the vast arsenals of weapons the United States has sold to Arab states over the years could fall into the hands of anti-American forces.

That's what happened in 1979 when Iran's Islamic revolution ousted Shah Mohammed Reza Pahlavi, the Americans' key ally in the oil-rich Persian Gulf.

The mullahs inherited a U.S.-made armory, including 77 Grumman F-14 Tomcat fighters and 190 McDonnell Douglas F-4 Phantoms, then top-of-the-line combat jets. The current political turmoil engulfing the Middle East caught everyone by surprise -- the Americans, the Israelis, the regimes themselves -- underlining the dangers that critics have been warning about for so many years.

So far, no extremist Arab regime has emerged although the way things are going that could happen.

More...


Most Recent Related Stories...


Deutsche Bank plunges back into the red with $2 billion loss

Deutsche Bank in the redDeutsche Bank is firmly back in the red.Germany's biggest bank posted a net loss of €1.9...

Trump budget plan could add $6tn to public debt in a decade, analysts say

Trump budgetDonald Trump’s tax-cutting and spending plans could add another $6tn to the US public debt over...

Dow hits 20,000 following solid open for US stocks

DOW tops 20,000The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest...

Oxfam: Eight men are as rich as half the world

Oxfam : 8 men richer than half the worldThe gap between the super-rich and the poorest half of the world's population is starker than...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!