n_huffhines
What's it gonna cost?
- Joined
- Mar 11, 2009
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It's to the point that they can rub our noses in it. When 82% of Egyptians don't want US aid, and we give it to them anyways, there are certainly ulterior motives.
Mish's Global Economic Trend Analysis: Egyptian Opposition to US Aid Hits 82%; So Why Did Obama Restore Aid, and Why Did Hillary Insist Upon It?
A delay or a cut in $1.3 billion in military aid to Egypt risked breaking existing contracts with American arms manufacturers that could have shut down production lines in the middle of President Obamas re-election campaign and involved significant financial penalties, according to officials involved in the debate.
Since the Pentagon buys weapons for foreign armed forces like Egypts, the cost of those penalties which one senior official said could have reached $2 billion if all sales had been halted would have been borne by the American taxpayer, not Egypts ruling generals.
The companies involved include Lockheed Martin, which is scheduled to ship the first of a batch of 20 new F-16 fighter jets next month, and General Dynamics, which last year signed a $395 million contract to deliver component parts for 125 Abrams M1A1 tanks that are being assembled at a plant in Egypt.
Mish's Global Economic Trend Analysis: Egyptian Opposition to US Aid Hits 82%; So Why Did Obama Restore Aid, and Why Did Hillary Insist Upon It?