Monday, June 08, 2009
The Clarion Content would love to call it exclusively a legacy of George Bush the II and the Dick, but even we have to admit that there are wider forces at work. The BBC News reported that global military spending rose 4% in 2008 to a record $1,464 billion, according to the Stockholm International Peace Research Institute (Sipri).
The BBC noted that the 100 leading defense manufacturing companies sold arms and munitions worth $347 billion during 2007 and that almost all the companies were American or European, a staggering 92%. Sipri's report also showed that the United States is not only the world's biggest seller of arms, but its biggest arms buyer, too, accounting for 58% of the total global spending increase on arms during the last decade.
Sipri said, "during the eight-year presidency of George W. Bush, US military expenditure increased to the highest level in real terms since World War II." The Bush II reign certainly didn't create the arms race, but it did help it trend in the wrong direction. Anybody remember the peace dividend that was supposed to come from the end of the Cold War? "Mideast Shift," anybody?
Americans we should protest such expenditure of our hard earned money!