Appeasing the Russians or making a smart strategic move for the US? Obama announced yesterday that he has modified the previous Bush administration's missile defense strategy by changing it from a long range, fixed system based in Poland and the Czech Republic to a mobile short/medium range defense system. This could ease tensions with the Russian's who strongly objected to such a system in their back yard and possibly help the US convince them to put pressure on Iran to curb their nuclear efforts.
I think this change in strategy seemed to be presented poorly (or sensationalized by the press) as a scrapping of the Bush strategy rather than a modification of Bush's strategy as the threats have changed. Iran seems to have adapted to the initial Bush era system and bulked up its production of short and medium range missiles after we started working on a system to intercept long range missiles so the threat changed (assuming our intelligence is accurate which in the past has proven to be wrong). Therefore a more mobile, short/medium range intercept system could be the right strategy now and it should save money which is another benefit. Coupled with the improvement in Russian relations which could put pressure on Iran, this seems to be a very smart move providing our intelligence is accurate. It also protects our troops fighting in the area and our allies in the middle east such as Israel and Turkey. Having a mobile system (sea and land based) also makes it more flexible by being able to move the missiles around the globe to where the threats exist at the time.
How will this affect our industry? Do you think it is a better strategy or a mistake?? Below is video coverage from MSNBC.