Saturday, October 4, 2014

THE 1% MILKING UNCLE SAM

Anyone wondering why America is always looking to get into a war need look no further than Wall Street and the 1% who invest and cash in on the Military Industrial Complex; yep - the one Ike warned us us about a half century ago.



Who foots the bill? You get one guess; YOU! The average middle and low income American taxpayer who will again be conned (scared) into believing that the boogeyman is back.



Social Security? Medicare? Food Stamps? Infrastructure? Affordable Healthcare? Education? Minimum Wage? The VA?

Sorry; can't afford it. Only 1 entitlement program can be funded; you know the one that feeds the 1%.




As the U.S.-led airstrikes in Iraq and Syria against ISIS continue, it remains unclear exactly how the complex mission against the Islamic State group will unfold. But what is evident already as strikes escalate is that U.S. defense companies are already cashing in.

Just days after the strikes in Syria began on Sept. 23, shares of Lockheed Martin, Northrop Grumman, Raytheon and General Dynamics all reached record prices.

"President [Barack] Obama has predicted that this air campaign could last for a long time, so that signals billions of dollars in additional sales of munitions, of spare parts and potentially also of aircraft," said defense consultant Loren Thompson.

But more than an increase in stock prices, the widening conflict, which started in Iraq in August before moving to Syria just one week ago, not only brings new orders to the defense industry, it can also help pay for new technology and even help stave off the closure of production lines and keep military hardware from being cut.

“One of the things that can help a new capability breakthrough is an operational stressor, like a major air campaign,” Mark Gunzinger, a retired Air Force colonel and former deputy assistant secretary of defense who is now at the Center for Strategic and Budgetary Assessments, told Fortune.