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Eric Margolis — To Hell With U.S. Jobs, Let’s Get Iran!

Summary:
Washington’s denial to Iran of Boeing Aircraft (and Airbus planes because they contain US-made parts), means the loss of tens of thousands of highly-paid jobs in the US and Europe. Israel’s prime minister, Benjamin Netanyahu, claims he talked Trump into canceling the Iran nuclear deal and the Boeing orders. It’s hard to validate Netanyahu’s claim but it is clear that America’s ever more powerful Israel lobby and its ally fundamentalist Christian Zionists played a key role in thwarting the Iran nuclear deal and sale of commercial aircraft. We don’t yet know the full cost of lost American jobs and business to help keep Iran isolated. But one could argue that part of the billion lost should be counted as part of annual US aid to Israel.Russia and China’s aircraft industries will soon

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Washington’s denial to Iran of Boeing Aircraft (and Airbus planes because they contain US-made parts), means the loss of tens of thousands of highly-paid jobs in the US and Europe. Israel’s prime minister, Benjamin Netanyahu, claims he talked Trump into canceling the Iran nuclear deal and the Boeing orders.
It’s hard to validate Netanyahu’s claim but it is clear that America’s ever more powerful Israel lobby and its ally fundamentalist Christian Zionists played a key role in thwarting the Iran nuclear deal and sale of commercial aircraft.
We don’t yet know the full cost of lost American jobs and business to help keep Iran isolated. But one could argue that part of the $20 billion lost should be counted as part of annual US aid to Israel.

Russia and China’s aircraft industries will soon be able to deliver modern passenger aircraft to Iran and accept payment in oil. China’s C919 and ARJ21 are now nearing service. Russia’s Sukhoi Superjet 100 will be ready soon....
Eric Margolis
To Hell With U.S. Jobs, Let’s Get Iran!
Eric Margolis, author of the American Raj.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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