Putin: We Are Back In An Arms Race

Russian president Vladimir Putin: "It is already clear that a new phase in the arms race is unfolding in the world. It is not our fault, because we did not start it." Putin is alarmed by U.S. plans to include Poland and the Czech Republic in a new missile defense shield.

Putin: "In effect, we are forced to retaliate, to take corresponding decisions. Russia has, and always will have, responses to these new challenges." According to the linked story, record oil prices have allowed Russia to reinvest in their military, although its capabilities remain far below strengths seen during the Soviet era.

Putin's statement will be leapt upon by the right-wing. This is good news for warhawk McCain.