Thursday, October 23, 2008

Economy Crashes but War Profiteers Doing Fine

While Joe the Taxpayer is stocking up on canned spam, candles, ammunition, and recipes for dog meat, the war pigs from Raytheon, Northrup-Grumman, and Lockheed-Martin are popping the corks on the bubbly aboard their private yachts. The New World Order: by invitation only, peasants. Now get back to work....
Original article....
By Bill Rigby, NEW YORK (Reuters) - Defense contractors Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) and General Dynamics Corp's (GD.N: Quote, Profile, Research, Stock Buzz) quarterly earnings beat Wall Street forecasts, showing few signs that U.S. defense spending will slow, despite the uncertainty of a new administration and a tight federal budget.
The defense unit of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) also posted higher quarterly profit on Wednesday, partly offsetting the effects of a six-week strike at its commercial plane plants, which dragged down its overall quarterly profit.
Northrop and General Dynamics shares rose, while Boeing fell 7.6 percent
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