"Not to stoke any of the inane conspiracy theories running wild on the Internet, but if Osama bin Laden wasn't on the payroll of Lockheed Martin or some other large defense contractor, he deserves to have been. What a boondoggle 9/11 has been for the merchants of war, who this week announced yet another quarter of whopping profits made possible by George Bush's pretending to fight terrorism by throwing money at outdated cold war-style weapons systems. Lockheed Martin, the nation's top weapons manufacturer, reaped a 22 percent increase in profits, while rivals for the defense buck, Northrop Grumman and General Dynamics, increased profits by 62 percent and 22 percent, respectively. Boeing's profits jumped 61 percent, spiked this quarter by its commercial division, but Boeing's military division, like the others, has been doing very well indeed since the terrorist attacks. As Newsweek International put in August: "Since 9/11 and the U.S.-led wars that followed, shares in American defense companies have outperformed both the Nasdaq and Standard & Poor's stock indices by some 40 percent. Prior to the recent cascade of stock prices worldwide, Boeing's share prices had tripled over the past five years while Raytheon's had doubled."(...)
"The Pentagon currently absorbs more than half of the federal government's discretionary budget," writes Lawrence J. Korb, "surpassing the heights reached when I was President Reagan's assistant secretary of defense. ... And, much like the 1980s, we are spending billions of dollars on weapons systems designed to fight the Soviet superpower."
Thanks to bin Laden and Bush's exploitation of "war on terror" hysteria, the taxpayers have been hoodwinked into paying for a sophisticated military arsenal to fight a Soviet enemy that no longer exists. The Institute for Policy Studies calculated last year that the top 34 CEOs of the defense industry have earned a combined billion dollars since 9/11; they should give bin Laden his cut."
http://www.thenation.com/doc/20071112/truthdig:grr: :grr: :grr: