TV News LIES

Thursday, Apr 02nd

Last update01:29:44 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...


SEC ruling is a major victory for whistleblowers

Whistleblowers muzzledIn what is being called a landmark ruling for whistleblowers, the Securities and Exchange Commission announced...

Exposing America's Billionaire Welfare Ranchers

billionaire welfare ranchersAmericans love ranchers: Gritty ranchers, mom-and-pop ranchers, renegade ranchers — especially those who raise livestock on...

Feds aim to protect low-income users of ‘payday’ loans

payday loansEach month, more than 200,000 needy U.S. households take out what’s advertised as a brief loan.Many...

AIG investors' $970.5 million settlement wins U.S. court approval

AIG settlementAmerican International Group Inc (AIG.N) shareholders won approval on Friday of a $970.5 million settlement resolving...
 
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!