The leading weapons seller in the world creates more jobs by selling more weapons - 70% more than 2011

i think one of the most disgusting things - among many - that the united states does is to produce and sell massive amounts of weaponry and defense items to countries around the world... i've posted on it repeatedly and i continue to find it unconscionable... now, the u.s. is setting another record...

US Sets Another Record on Defense Sales, Already 

The United States is set to far surpass previous records for defence sales this year, according to U.S. officials.

"Despite the global economic strain, demand for U.S. defence products and services is stronger than ever," Andrew J. Shapiro, an assistant secretary in the U.S. State Department, said on Thursday.

He confirmed that the U.S., long the world's largest weapons exporter, has already seen more than 50 billion dollars in government-to-government military sales this fiscal year.

"This represents at least a 20-billion-dollar increase over fiscal year 2011, and we still have more than a quarter of the fiscal year left," Shapiro said, speaking with reporters. The current fiscal year will end in September.

"To put this in context, fiscal year 2011 was a record-setting year at just over 30 billion. This fiscal year will be at least 70 percent greater."

Observers noted the administration's evident pride at the high numbers.

"An Obama arms bazaar is going on – this is further evidence of that," Jeff Abramson, director of Control Arms, an international civil-society alliance based in Washington, told IPS.

"This administration has made defence trade an economic rather than just a security issue – part of the agenda in terms of keeping the U.S. economy going. I think human rights issues should trump those concerns. Selling to countries such as Saudi Arabia, people need to ask whether the U.S. is living up to its promises on rights obligations."

Shapiro, who noted that the U.S. only allows a sale "after we carefully examine issues like human rights", spoke a week after the launch of the newest edition of the 655 Report, an annual compilation of defence products and services authorised for export.

Many have cautioned that the U.S. defence trade is notoriously difficult to estimate, given the numerous ways available to calculate the figure. Several point to a lower number of 30 billion dollars worth of actual transfers, rather than the larger sales number, not all of which may ultimately take place.

[...]

In a major priority for the U.S. government today, Shapiro noted that the Saudi Arabia deal alone would support more than 50,000 jobs.

[...]

According to Amnesty International, a watchdog group, today it is easier to trade in weapons than in bananas.

like i said - disgusting...

 

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Paul Craig Roberts: The US is well on its way to becoming a third world country

writing in counterpunch, roberts once again confirms what we already know...

US economic policy continues to focus on the mega-rich at the expense of 99% of the population. US interest rates are kept at, or near to, zero in order to maximize mega-bank earnings, while depriving tens of millions of retired Americans of interest income on their lifetime savings, forcing them to spend their capital in order to live, thus depriving their heavily indebted children of inheritance.

In short, the US is well on its way to becoming a third world country, as I predicted would be the case in 20 years at a Brookings Institution conference in Washington DC early in the 21st century.

America is no longer the land of the free and independent. It is the land of the 1% mega-rich.

he further comments on the report last week of 227,000 new non-farm payroll jobs reported by the bureau of labor statistics...

Of the new jobs reported by BLS, 92% are in services. Of this 92%, only 7% could possibly relate to exportable services–architectural, engineering, and computer systems services.

Of the reported new service jobs, 29% are in health care and social services. The categories that account for the health services jobs are ambulatory health care services and hospitals. Waitresses and bartenders account for 20% of the reported new jobs.

Employment services account for 29% of the new reported jobs. Transportation and warehousing accounted for 5% of the reported new jobs, despite a loss of 60,000 jobs in general merchandise and department stores.

In other words, the vast majority of the new jobs are low paying jobs, except for a few truck drivers.

Other conclusions that we can draw are:

The US has nothing to export to reduce its massive trade deficit, which has, sooner or later, disastrous implications for the US dollar.

Middle class income jobs are declining, with polarization at the two extremes.

is this a great country or what...?

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Let's cut the bullshit - there's plenty of money to go around

from truthout...

The United States isn't broke; we're the richest country on the planet and a country in which the richest among us are doing exceptionally well. But the truth is, our economy is broken, producing more pollution, greenhouse gasses and garbage than any other country. In these and so many other ways, it just isn't working. But rather than invest in something better, we continue to keep this 'dinosaur economy' on life support with hundreds of billions of dollars of our tax money. The Story of Broke calls for a shift in government spending toward investments in clean, green solutions—renewable energy, safer chemicals and materials, zero waste and more—that can deliver jobs AND a healthier environment. It's time to rebuild the American Dream; but this time, let's build it better.

yeah, what if...? it's a lovely idea... it's also the RIGHT idea... first, however, we've got to put a stop to the vested interests whose wealth and power is based on the status quo from buying elected officials to make sure their vested interests are the ones that get served... which takes us right back to the occupy movement...

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Sigh... Matt, I agree with you... I don't believe him any more either...

matt taibbi...

Listening to Obama talk about jobs and shared prosperity yesterday reminded me that we are back in campaign mode and Barack Obama has started doing again what he does best – play the part of a progressive. He's good at it. It sounds like he has a natural affinity for union workers and ordinary people when he makes these speeches. But his policies are crafted by representatives of corporate/financial America, who happen to entirely make up his inner circle.

I just don't believe this guy anymore, and it's become almost painful to listen to him.

i've heard enough, seen enough and now just don't want to listen any more...

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