- Aug 19, 2008
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Biden wants people to know most of the money he's seeking for Ukraine would be spent in the US
At a bustling construction site outside of Dallas, there are hopes that Congress can finally pass nearly $95 billion in foreign aid including funding for Ukraine — because factory jobs in the United States depend on that money. Aerospace and defense company General Dynamics’ new factory in the...www.yahoo.com
MESQUITE, Texas (AP) — At a bustling construction site outside of Dallas, there are hopes that Congress can finally pass nearly $95 billion in foreign aid including funding for Ukraine — because factory jobs in the United States depend on that money.
Aerospace and defense company General Dynamics’ new factory in the Dallas suburb of Mesquite is expected to initially employ 150 people to produce munitions. Set to open in June, construction is nearing completion, with newly planted trees and shrubs already in place at the complex overlooking one of the area’s busiest interstates.
“We want to increase our wages and increase our skill levels and job opportunities,” said Kim Buttram, Mesquite's director of economic development, who added that the factory is expected to have over 300 jobs when it’s at full production.
As President Joe Biden pushes House Republicans to pass needed aid, he wants voters to understand that nearly two-thirds — or nearly $40 billion — of the money for Ukraine would actually go to U.S. factories spread out across the country including plants in Lima, Ohio and Scranton, Pennsylvania as well as Mesquite.
I guess this is Joe Biden's answer to fixing the economy.
I wonder how long they can keep the war going.
Is this news to you?
It's been very well known that government investment in the military industries helps the economy. No news here.
It's not as well known that the vast majority of technological innovation comes from government investment in military R&D.
American business people, for a very, very long time have refused to invest in R&D, because they can get the government to pay for it.
That's why the Japanese bypassed us in automotive technology long ago. The U.S. government lost interest in automotive R&D, so U.S. automotive innovation ended.
Now they just copy from the Japanese.