Now that our dollar is worth the same thing as a northern dollar we as Americans need to pride ourselves on something other than an economic powerhouse. Watching Disney movies in dozen of different languages around the world is nice, but we aren't all in kindergarten or elementary school. So instead we rely on our weaponry and the world (those that buy arms) love us for it. In fact, we have the market cornered.
From RawStory:
The United States reaffirmed last year its leadership in world arms trade, cornering nearly 42 percent of the market as the wars in Iraq and Afghanistan prompted a weapons shopping spree among neighboring nations, according to a congressional report set to be released Monday.
But the overall volume of weapons trade shrunk almost 13 percent, dealing a blow to France and other Western European suppliers, which are facing stiff competition from across the Atlantic, said the Congressional Research Service in its annual survey of international arms sales.
The United States ranked first in international arms transfer agreements last year, concluding 16.9 billion dollars worth of them and securing 41.9 percent of the market, according to the report.
The total represented a 3.4-billion-dollar increase over 2005.
Well at least some part of our economy is doing well, too bad the money goes to wealthy defense contractors.
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