The Real Reason For Obama's Trip To India: The Sixth Biggest Arms Deal In U.S. History

[proud2BlibKansan]

President Obama is traveling to India this weekend to make a $5 billion sale for 10 of Boeing's C-17 cargo planes. If India signs the contract, this would be the sixth biggest arms deal in U.S. history.

This and the pending $60 billion deal with Saudi Arabia will certainly help to jump-start the economy, as they have for the past fifty years.

We've identified the biggest sales since 1973 with help from William Hartung at the Arms and Security Initiative at New America Foundation.

"There's no question it's big business," he said. "But relative to the overall size of our economy and other things we export it's not like these deals will make or break us."


Read more: http://www.businessinsider.com/top-10-us-arms-deals-in-history-2010-11#ixzz14dN5PsFv

[EFerrari]

1. That and the coming currency war.

New $600B Fed Stimulus Fuels Fears of US Currency War

http://www.democracynow.org/2010/11/5/new_600b_fed_stimulus_fuels_fears

[Blue_In_AK]

2. The US can be "rightfully" proud of arming the world, I guess.

Pretty sad that our economy is dependent upon endless war.

[dkf]

3. Arms deal sounds so much worse than cargo plane.

[proud2BlibKansan]

7. How do you propose the arms be transported?

[liberalmuse]

4. Selling Boeing planes = American jobs.

Especially up here in the Pacific NW. And SC. Kind of a dishonest title.

[proud2BlibKansan]

8. The Boeing deal screwed Wichita too

Hard to believe Pat Roberts was re-elected after his involvement in that deal.

[Yeshuah Ben Joseph]

9. So sell them passenger planes.

All those people getting H1B visas have to get here somehow.

[polichick]

5. We're the world leader in arms sales - woohoo!!! I'd sure like to be the...

...leader in green energy instead.

[trusty elf]

6. Five hundred million per plane?

:wow:

I had no idea they were that expensive.

[nadinbrzezinski]

11. They don't have the full package either

for ahem security reasons. That would be more expensive too.

Hey, just an M-16 runs around 1500 Bucks last I checked.

THings like body armor go further up.

And big ticket items... 200-300 million \ item... are not that rare, and on the low end.

[mdmc]

10. ..