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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (63945)	6/16/2006 11:05:06 PM
From: shades	Read Replies (3) \| Respond to of 110194

US Says Venezuela Buying More Firepower Than It Needs (we can buy new smith and wessons but those guys can't - god the hypocrisy!!) WASHINGTON (AP)--The U.S. said Friday Venezuela's arms acquisition program goes well beyond the country's legitimate defense needs. On Wednesday, Venezuelan President Hugo Chavez said his country plans to buy 24 Russian-made Sukhoi fighter jets this year and to build a factory to produce Kalashnikov assault rifles. State Department spokesman Sean McCormack said U.S. officials will ask the Russians to take a second look at their decision to go ahead with the transactions. The Venezuelan fighter jet purchase and the rifle factory "certainly go well beyond what they might require for their defensive needs, given the fact that they already have these other weapons purchases in train or already completed." He pointed out that Venezuela has already bought 100,000 AK-103 assault rifles from Russia. "So why do you need to produce more?" he asked. Chavez has said his country needs a strong defense in the event of an attack by the U.S. (END) Dow Jones Newswires June 16, 2006 15:59 ET (19:59 GMT)