Corporate welfare disguised as "foreign aid"... explained:

[SHRED]

SNIPPET:

Egypt has been the second-largest recipient of U.S. foreign aid for decades, after Israel (not counting the funds expended on the wars and occupations of Iraq and Afghanistan). Mubarak’s regime has received roughly $2 billion per year since coming to power, overwhelmingly for the military.

Where has the money gone? Mostly to U.S. corporations. I asked William Hartung of the New America Foundation to explain:
“It’s a form of corporate welfare for companies like Lockheed Martin and General Dynamics, because it goes to Egypt, then it comes back for F-16 aircraft, for M-1 tanks, for aircraft engines, for all kinds of missiles, for guns, for tear-gas canisters a company called Combined Systems International, which actually has its name on the side of the canisters that have been found on the streets there.”

Hartung just published a book, “Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex.” He went on: “Lockheed Martin has been the leader in deals worth $3.8 billion over that period of the last 10 years; General Dynamics, $2.5 billion for tanks; Boeing, $1.7 billion for missiles, for helicopters; Raytheon for all manner of missiles for the armed forces. So, basically, this is a key element in propping up the regime, but a lot of the money is basically recycled. Taxpayers could just as easily be giving it directly to Lockheed Martin or General Dynamics.”

http://www.truthdig.com/report/item/when_corporations_choose_despots_over_democracy_20110201/


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[Poboy]

1. recommend

[loudsue]

2. Again: socialism for corporations is ok. Benefits for citizens is "entitlements"

The extremely wealthy in this world have things working out very nicely for themselves.

[FiveGoodMen]

4. And the public buys into it again, and again , and again ...

Just try to have a conversation with anyone without them defending the PTB who "worked so hard", "built this country up from nothing", "created all this wealth(!)", blah, blah, blah.

Worldwide Stockholm Syndrome is killing us all.

And you can't talk sense to anyone.

[BeFree]

3. Ahyup

"Taxpayers could just as easily be giving it directly to Lockheed Martin or General Dynamics.”"

But then who could skim a bit each time the money was moved? Why are people so anti-profit?

[Poboy]

5. .