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A bright spot in times of outsourcing.
Many of these defense related jobs are available only to US citizens and thus cannot be outsourced. This also does not cause unfavorable trade reactions from other nations since it is expected that a chunk of defense research, development and manufacturing be kept domestic for national security purposes. This massive market employs tons of US citizens in both manufacturing and R&D positions.
Finally, the next time people whine about something like the "Air Force creating jobs in France" due to a foreign purchase, realize that we are in no danger of running into a poor trade balance in regards to defense procurement. Not to mention that purchase would have created jobs in Alabama as EADS and Northrup were to militarize it on US soil.
While the current military budget is a bit high for current economic and budget conditions, it is not all going into a black hole. A perpetual stimulus from the government in action.
Sun Sep 6, 2009 7:38pm EDT
The United States accounted for more than two-thirds of foreign weapons sales
U.S. weapons sales jumped nearly 50 percent in 2008 despite the global economic recession to $37.8 billion from $25.4 billion the year before.
The jump defied worldwide trends as global arms sales fell 7.6 percent to $55.2 billion in 2008, the report said.
The United States also led in arms sales to the developing world, signing 70.1 percent of these weapons agreements at a value of $29.6 billion in 2008, the report said.
Many of these defense related jobs are available only to US citizens and thus cannot be outsourced. This also does not cause unfavorable trade reactions from other nations since it is expected that a chunk of defense research, development and manufacturing be kept domestic for national security purposes. This massive market employs tons of US citizens in both manufacturing and R&D positions.
Oddly enough, I did not see Italy coming in at number two. I thought the United States, Russia and Germany would be the top three.Italy, the second ranked country, amassed only $3.7 billion in arms sales, while Russia ranked third with sales falling to $3.5 billion in 2008, down from $10.8 billion in 2007.
Finally, the next time people whine about something like the "Air Force creating jobs in France" due to a foreign purchase, realize that we are in no danger of running into a poor trade balance in regards to defense procurement. Not to mention that purchase would have created jobs in Alabama as EADS and Northrup were to militarize it on US soil.
While the current military budget is a bit high for current economic and budget conditions, it is not all going into a black hole. A perpetual stimulus from the government in action.