Tuesday, March 06, 2007

What's Our Gross Margin On That?


Is it just us or does it seem a bit disturbing that we're selling nearly half of all the arms on the world market?

Listen, we're as much for reducing our trade deficits as anyone, but is this really the way to do it?

Folks used to be shocked when we pointed out that arms sales during the Clinton administration increased faster than than any previous administration. For some reason they (particularly the supporters of said administration) thought that was just impossible.

Since 911 the Bush administration has made those guys look like pikers. We believe it's time to reaccess our arms sales, particularly those to the "developing" nations, and most particularly, those classified as "conventional arms".

For two interesting pieces on the state of the world market (white market, that is) see:

this Nov., 2006 Boston Globe article

and this congressional summary report.

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