Saturday, January 3, 2009

WHAT is the U.S. Nr one GDP??

Below is a sample of some of our most interesting findings:

Shipping Jobs Overseas
According to the Pentagon, the defense industry laid off 795,000 American workers between 1992 and 1997. At the same time, many of these corporations were sweetening their arms deals to other countries by offering "offsets" -- incentives provided to foreign countries in exchange for the purchase of military goods and services. The programs often include agreements to manufacture some or all of the products in the purchasing country.

Turkey, for example, agreed to buy 160 F-16s from General Dynamics in 1987 (for delivery through 1994) for an estimated $4 billion -- on the condition that most of the planes be built in Turkey. The offset resulted in 1,500 jobs

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