
I think it’s time for an investigation into the activities of these warmongering CEOs!
Seriously, why is this news, exactly? Doesn’t it stand to reason that if we’re at war, defense companies are going to, well, profiit from the goods and services they provide for it?
The ’study’ was conducted by two liberal groups, according to the AP piece (and hats off to them for mentioning that, as you generally don’t see liberal groups identified as you do conservative groups in MSM pieces) so that should give you a hint as to the possible motivations behind it: anti-Iraq war sentiment. Obviously we’re spending more money there because we have more troops there, but because defense contractors are profiting from it, we now can confirm that the war was started not only to make oil fatcats even more rich, but so the Prez’s and VP’s pals in the defense industry could profit, too!
Will we be seeing a study soon on what companies are making the most money from the Hurricane Katrina rebuilding effort? Only if it can be tied back to the Bush administration.
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A little strange to consider Halliburton as primarily a defense contractor. According to the 1Q earnings release, the Government & Infrastructure business accounted for $1.7B revenue out of a total corporate revenue of $5.1B. From a profitability perspective, G&I generated $20MM out of a total corporate operating income of $755MM.
http://www.halliburton.com/default/main/halliburton/eng/news/source_files/press_release/2006/corpnws_042006.pdf
Socialists and communists are not exactly strong on the economic aspects of real world business, clearly they don’t grasp the whole concept of profit or for that matter much of anything else. They don’t even realize the consequences that their support to the sworn enemies of humanity in general is about, so it’s little wonder about this. They have a continuous pattern of what has become a very long list of in-comprehensive skillz.
I wish to report that certain materials and hardwares corporations are earning profits as a result of Habitat for Humanity. There are also rumors that some manufacturers of hoses, rubber boots, and ladder trucks are making money off of fires. A certain kevlar maker is reaping windfalls off of crime. Such greed and avarice must be stopped!