wartime profiteers and the golden goose

[welshTerrier2]

since bush took office, the dow is down about 1.6 percent ...the s&p is down about 13 percent and the nasdaq is off about 28 percent ... not much of a record ... but, while many industries are suffering from bush's misguided policies, certain sectors are benefiting from his misguided policies ...

ask yourself this question ... do you think bush wants to "succeed" in Iraq and "win the peace" as quickly as he can OR do you think bush and those who tell him what to do want to keep the instability going in the Middle East for as long as possible ???

Democrats need to vote against any additional funding for the Iraq "war" because it will not be used to help end the "war" ... do you really believe bush will slaughter the golden goose?

source: http://toledoblade.com/apps/pbcs.dll/article?AID=/20050329/COLUMNIST02/503290345/-1/NEWS06

But if an investor had owned a good crystal ball and could have foreseen a shooting war and rampaging oil prices, he or she would be doing much better than the market as a whole. For example, last year's seven largest defense contractors have had their stocks rise 28 percent, on average, in the last 50 months, and five large oil companies' shares are up an average of 55 percent. That would be a pretty nifty portfolio of 12 stocks - for a gain of nearly 40 percent from Jan. 20, 2001, through the close of trading Thursday.

Here's the tally for the oil giants: Exxon Mobil Corp., up 49 percent; ChevronTexaco Corp., up 47 percent; ConocoPhillips, up 90 percent; BP PLC, up 21 percent; and Marathon Oil Corp., up 69 percent.

Looking at the seven defense contractors that got a combined $81 billion worth of contracts in fiscal 2004, Lockheed Martin Corp. shares gained 28 percent since January, 2001; Northrop Grumman Corp., 28 percent; General Dynamics Corp., 53 percent; Raytheon Co., 30 percent; Halliburton Co., 13 percent, and United Technologies Corp., 43 percent.

[omega minimo]

1. Make mine a Victory Gin

Manipulated media, disappeared history, pre-emptive strikes at ever-shifting enemies, perpetual war, zombified populace...

:smoke:

It's hard to understand why the Halliburton/White House/Iraq profiteering is such a yawner for average Americans. People are jaded and assume all politicians are corrupt, all the media lies, both parties spin for their own purposes. People don't take the time to sort through the facts-- just shrug at the daily avalanche of lies and get on with their lives.