Annie Get Your Gun! (You Too, Whomever You Are)
Well, well, well. Looks like at least one American industry is doing well. Now how the hell could that be? I guess when the world starts collectively going out of its mind, things like this make total sense. At last, some data that is reasonable.
The United States accounted for more than two-thirds of foreign weapons sales in 2008, a year in which global sales were at a three-year low, The New York Times reported on Sunday.Win?
Citing a congressional study released on Friday, the Times said the United States was involved in 68.4 percent of the global sales of arms.
U.S. weapons sales jumped nearly 50 percent in 2008 despite the global economic recession to $37.8 billion from $25.4 billion the year before.
The jump defied worldwide trends as global arms sales fell 7.6 percent to $55.2 billion in 2008, the report said. Global weapons agreements were at their lowest level since 2005.
Italy, the second ranked country, amassed only $3.7 billion in arms sales, while Russia ranked third with sales falling to $3.5 billion in 2008, down from $10.8 billion in 2007.
The report attributed the increase in U.S. sales to "major new orders from clients in the Near East and in Asia" as well as to continued contracts for equipment and support services with globally based U.S. clients, the Times said.