The good news when Trump was Saudi Arabia he let the world know that a deal had been struck and it would mean jobs back home……$110 billion was the price tag that he pushed……
What does this deal really mean in the long run……
Bruce Riedel, a senior fellow and director of the Brookings Intelligence Project, writes that everyone with whom he has spoken in the defense industry and on Capitol Hill says that the supposed $110 billion deal is actually “a bunch of letters of interest or intent, but not contracts.”
In fact, a lot of these proposals, which the Pentagon calls “intended sales,” are just arms that defense contractors speculate that the Saudis might want at some point. Many were even proposed during the Obama era.
For example, the Pentagon proposed to sell the Saudis four frigates for $11.25 billion in 2015, but since then, no contracts have been signed
Read the full Brookings Institution article here.
As usual with this president……a promise does not mean a reality…..will any of his promises ever translate into real jobs for Americans?