Friday, July 27, 2007

Friday Night Fights

At 6:00 pm the bell rang when the Associated Press posted a story on the U.S. increasing its aid and arms sales to countries in the war torn Middle East. Apparently pouring gasoline on a fire is a good thing. The beneficiaries of American largess and new weapons systems include Israel, Egypt and Saudi Arabia. The State Department recommends Israel get $30 billion over 10 years while Egypt stands to pocket $13 billion. The Saudi's and other rich Gulf States wish to buy over $5 billion in weapons in their latest installment. The U.S. has a long history of arms sales to the Saudi monarchy. Somebody needs to protect Dubai with its new Halliburton world headquarters, its Carlyle Group office and its government owned companies fueling private equity profits.