Thread: Obama: Sell B-2 Bomber blueprints to China for debt relief!

Obama: Sell B-2 Bomber blueprints to China for debt relief!

October 25th, 2011

Record deficits and a crashing economy appear to be taking a toll on the young Barack Obama Administration. The Administration has been talking about hiking income taxes and perhaps instituting a VAT tax.

China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washingtons biggest trading partners. The Peoples Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.

While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.

China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.

On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.

The Defense Department is reportedly furious with the Presidents proposal to sell blueprints of the B-2 Spirit stealth bomber to the Peoples Republic. Gates has flatly rejected the Presidents plan, but has since been asked to step down if he will not facilitate the process.

According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.

According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is “strategically obsoleteÂ

this story can't be true, surely not!

This story is being laughed around the net. It seems to be based on THIS STORY from the Huffington Post. But in any case it is an old story causing laughs around the Net. NO REPUTABLE PUBLICATION HAS TAKEN IT UP.

US Engineer Convicted of Selling Secrets to China

Aug 9, 2010 – 6:07 PM
Audrey McAvoy and Mark Niesse
AP
HONOLULU (Aug. 9) -- A federal jury convicted a former B-2 stealth bomber engineer Monday of selling military secrets and helping China design a stealth cruise missile.

Noshir Gowadia was accused of pocketing at least $110,000 from China, which he allegedly used to pay the mortgage on a multimillion-dollar oceanview home he built on Maui's north shore.

Gowadia, who has been in federal custody since October 2005, faces life in prison when he is sentenced in November.

The 66-year-old gave China a design for a cruise missile component and then showed its effectiveness when compared to United States' air-to-air missiles, according to federal prosecutors.

"This verdict sends a very clear message that no, you can't do that, and we can take care of our business here in American courtrooms when that happens," Assistant U.S. Attorney Ken Sorenson said.

Gowadia's defense attorneys argued during the nearly four-month trial that while it's true he gave China the design for the cruise missile exhaust nozzle, he based his work on unclassified, publicly available information. Gowadia plans to appeal.

"Mr. Gowadia is obviously disappointed with the verdict. He felt that he hadn't committed a crime," said his attorney Birney Bervar.

Gowadia was convicted on 14 of 17 counts, including conspiracy, violating the arms export control act, tax evasion and money laundering. He was acquitted on charges of knowingly communicating national defense information.

The decision came after six days of deliberations at a federal court in Honolulu.

"Mr. Gowadia provided some of our country's most sensitive weapons-related designs to the Chinese government for money. Today, he is being held accountable for his actions," said Assistant Attorney General David Kris. "This prosecution should serve as a warning to others who would compromise our nation's military secrets for profit."

Gowadia helped design the propulsion system for the B-2 bomber when he worked at Northrop Corp., now known as Northrop Grumman Corp., between 1968 and 1986.

Prosecutors argued that Gowadia helped China design a cruise missile exhaust nozzle that would give off less heat, allowing the cruise missile to evade infrared radar detection and U.S. heat-seeking missiles.

They said Gowadia traveled to China between 2003 and 2005 while designing the cruise missile and used e-mail to arrange payment for his work.

Gowadia's defense attorney, David Klein, told jurors it was true the engineer designed an exhaust nozzle for China. But he said Gowadia's design was "basic stuff" based on information that was already publicly available.

Prosecutors also charged Gowadia with attempting to sell classified stealth technology to the Swiss government and businesses in Israel and Germany.

During the trial, prosecutors presented evidence that Gowadia used three foreign entities he controlled, including a charity purportedly for the benefit of children, to disguise the income he received from foreign countries.

Born in India, Gowadia moved to the U.S. for postgraduate work in the 1960s and became a U.S. citizen about a decade later. He retired from Northrop for health reasons in 1986, two years before the B-2 made its public debut.

He moved to Maui in 1999 from the U.S. mainland where he had been doing consulting work after retiring from Northrop.

The case is one of a series of major prosecutions targeting alleged Chinese spying on the U.S.

In March, Chinese-born engineer Dongfan "Greg" Chung was sentenced to more than 15 years in prison after he was convicted of six counts of economic espionage and other federal charges.

Investigators learned about Chung while probing Chi Mak, a defense contractor engineer convicted in 2007 of conspiracy to export U.S. defense technology to China. Mak was sentenced to 24 years in prison

http://www.aolnews.com/2010/08/09/us-en ... -to-china/

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Sell B-2 Bomber blueprints to China for debt relief!

Obama to Sell B-2 Bomber Blueprints to China to Pay Off Debt
Posted by Matthew at 12:48 PM
B-2 Plans for Sale?
Richard Hogarty
Boston Reviewer
June 1, 2009


Record deficits and a crashing economy appear to be taking a toll on the young Barack Obama Administration. The Administration has been talking about hiking income taxes and perhaps instituting a VAT tax.

China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washington's biggest trading partners. The People's Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.

While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.

China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.

On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.

The Defense Department is reportedly furious with the President's proposal to sell blueprints of the B-2 Spirit stealth bomber to the People's Republic. Gates has flatly rejected the President's plan, but has since been asked to step down if he will not facilitate the process.

According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.

According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is "strategically obsolete", according to a source in the White House Press Office. In addition, the source claims that the Chinese would be unable to create their own functioning stealth bomber fleet for "at least eight years."

American allies Taiwan, Japan, and South Korea are very wary of the proposal. Koo Syi, a geopolitical analyst from South Korea, points out that this technology could be passed to China's allies. This was the case when Chinese nuclear technology was transferred to Pakistan and North Korea. According to Koo, Obama has rendered US allies' opinions as "irrelevant."

While this proposal is controversial, it is not being presented to Congress, where it could meet with stern opposition. Instead, the State Department has been informed to assist the Defense Department with the transfer of materials.

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This from snopes...

http://www.snopes.com/politics/satire/b2sale.asp


sAME STORY ANOTHER SITE


http://waronyou.com/topics/obama-to-sel ... -off-debt/