The bumbling idiots in George W.Bush’s administration have not been good to the American people but have been very generous to the merchants of death a.k.a. the military industrial complex (Anyone, remember Ike’s warning?).
While a lot of sectors of the American economy are in distress, the defense companies are flourishing.
The Iraq and Afghanistan wars may be bringing misery to the American people and soldiers but to the military-industrial complex, it’s Christmas every day.
Here’s a look at some of the key U.S. defense corporations and their share price at close of trading Wednesday, June 4, 2008 and a quick comparison eight years earlier i.e. June 5, 2000:
June 4, 2008 June 5, 2000
General Dynamics $88.71 57.38
United Technologies $69.26 60.75
Lockheed Martin $108.49 25.87
Northrop Grumman $73.48 78.56
L-3 Communications $101.90 58.19
Dassault Systems $66.37 81.25
Raytheon $61.89 24.00
Boeing $78.02 38.94
Rockwell Collins $58.46 NA
SAIC $21.25 NA
Source:Yahoo Finance
