Another Hundred Billion for War Weapons; Buy Defense Stocks Now
by Walt Zlotow
Last October, President Biden requested Congress spend another $106 billion to fund his endless war in Ukraine and his enabling genocide in Gaza. As a sop to normal humanitarian folks, he earmarked a measly $9 billion for humanitarian relief spread worldwide. To gain GOP support, $14 billion goes to beef up the southern border.
But just this week Biden is seeking billions more to replace the weapons he’s using in his third war in three years, this one against the pathetically weak country of Yemen. The Houthis governing most of Yemen are disrupting international shipping in the Red Sea in their quest to end Israeli genocide in Gaza.
While incurring longer transit times and higher cost to move goods bound for Israel, the Houthi activity impacts US national security interest not one iota. Truth is, US support and enabling of Israeli genocide in Gaza inspired the Houthi retaliation.
Should Biden cease endless weapons for his Ukraine, Gaza and now Yemen wars, everyone will do better. Ukraine can negotiate peace with Russia, genocide in Gaza will dissipate, and we won’t have to fire million dollar missiles to knock down Houthi bottle rockets in Yemen.
But as long as engineer Joe Biden powers the US War Train, war weapons stocks remain a ‘Buy’.
Walt Zlotow became involved in antiwar activities upon entering University of Chicago in 1963. He is current president of the West Suburban Peace Coalition based in the Chicago western suburbs. He blog
https://www.antiwar.com/blog/2024/01/23/another-hundred-billion-for-war-weapons-buy-defense-stocks-now/
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