#26 Simply untrue, BEN JABO - Comment - Israel News | Haaretz Daily Newspaper
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    • Johnboy
    • 08.09.09 | 08:17 (IDT)

    BJ: "Peter Wallace - Cut off the $3 billion" BJ: "Which will result in more job losses in the USA" No, not at all. Obama can take that $3billion in military aid money and give it to Gates, giving a $3billion fill-up to the Pentagon's own procurement budget. Not one single job will be lost, and many more will be created; see below. BJ: "By law, the money MUST be spent here" No, actually. By AGREEMENT fully 20% of that money can be spent on Israeli-manufactured hardware. So if Obama pulls the plug then Gates will have $3billion to spend, and he'll spent it ALL in the USA. The only losers will be "the IDF" (with a $3billion shortfall) and "the Israeli defense industry" (who face a $600million fall in orders). But the American defence industry? They'll get a $600million lift in orders.

    from the article: Palestinians: Israel vow to halt settlements is void
    First published 13:04 07.09.09 | Last updated 22:16 07.09.09
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