The Trump administration announced Saturday it has signed a $110 billion military arms deal with Saudi Arabia.

"This is a tremendous day. Tremendous investments in the United States. Hundreds of billions of dollars of investments into the United States and jobs, jobs, jobs," President Donald Trump said.

Trump's son-in-law and chief White House adviser, Jared Kushner, played a key role in the brokered arms deal that is expected to generate $350 billion in new business for U.S. companies over the next decade.

"A lot of money. Big dollars. Big dollars," Trump said.

The Saudi kingdom has agreed to purchase some of the most advanced military hardware in the U.S. arsenal, including Aerostats, tanks, artillery, counter-mortar radar, armored personnel carriers, helicopters, as well as Patriot and THAAD missile-defense systems.

Democrats denounced the arms deal as a threat to peace throughout the region.

Sen. Chris Murphy (D-Conn.) on Saturday hammered the deal as a contract between the U.S. and a country with "the worst human rights record in the region" to bring peace and security to the Middle East.

“It appears the Trump administration is counting on the country with the worst human rights record in the region to enforce peace and security in the Middle East," Murphy wrote in a Huffington Post op-ed. "The arms sale is a terrible idea."

Murphy is a member of the Senate Foreign Relations Committee and a critic of the Saudi regime's use of U.S.-made weapons against civilians in the region.

“Obama withheld precision-guided munitions because the Saudis were using U.S.-provided munitions to repeatedly target civilian and humanitarian sites in their bombing campaign inside Yemen, despite regular protests from the United States," Murphy wrote.

The Saudi arms deal, according to observers, will supply the advanced weaponry needed to counter the growing Iranian presence throughout the region.

The problems facing the U.S. economy are far-reaching and complex. While the main beneficiaries of the massive arms sale will be the U.S. military-security complex, as well as U.S. oil companies, Trump needs to focus more on non-military sectors of the economy that will have the widest positive impact on America's struggling middle class.

Please share your comments if you think Trump's Saudi arms deal is a good deal for the U.S. economy in general.

Source: Daily Mail

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