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US defense contractors caught celebrating the financial benefits of ISIS and war in the Middle EastFree Thought Project/RawStory
07 Dec 2015 at 08:26 ET
<snip>
At a Credit Suisse conference in West Palm Beach this week, representatives from major defense contractors spoke to their investors about how well business was going in these times of global war. Representatives from top firms like Raytheon, Oshkosh, and Lockheed Martin were in attendance, in somewhat of a celebration of the escalating conflict in the middle east and Africa.
Lockheed Martin Executive Vice President Bruce Tanner gave a speech openly praising the indirect benefits that defense contractors would see as a result of the war in Syria. A portion of his speech was captured on audio by someone inside and shared widely on the internet hours after the conference.
In the audio that was captured, Tanner discussed the many recent troubles in the Middle East, with an escalation of conflict in Syria and Turkey. He pointed out how these conflicts would lead to increased sales for their company.
Tanner said that the increased conflict would cause an intangible lift because of the dynamics of that environment and our products in theater.
According to the Intercept, during another speech at the conference, Wilson Jones, the president of the defense manufacturer Oshkosh, said that with the ISIS threat growing, there are more countries interested in buying Oshkosh-made M-ATV armored vehicles.
Raytheon Chief Executive Tom Kennedy also joined in the informal celebration, saying that his company was seeing a significant uptick for defense solutions across the board in multiple countries in the Middle East.
Its all the turmoil they have going on, whether the turmoils occurring in Yemen, whether its with the Houthis, whether its occurring in Syria or Iraq, with ISIS, Kennedy added.
In addition to the growing wars, the contractors also celebrated the fact that the defense sector was recently granted a $607 billion budget by the government...
<snip>
Link (w/Audio): http://www.rawstory.com/2015/12/us-defense-contractors-caught-celebrating-the-financial-benefits-of-isis-and-war-in-the-middle-east/
The Intercept Piece: https://theintercept.com/2015/12/04/defense-contractors-cite-benefits-of-escalating-conflicts-in-the-middle-east/
2naSalit
(102,803 posts)morningfog
(18,115 posts)KansDem
(28,498 posts)DirkGently
(12,151 posts)... go wrong?
CrispyQ
(40,970 posts)on edit:
And so is this:

How many have invested in MIC stocks?
Lordquinton
(7,886 posts)this is all that needs to be said.
hifiguy
(33,688 posts)
merrily
(45,251 posts)navarth
(5,927 posts)Good to see you, hifiguy.
jonno99
(2,620 posts)olddots
(10,237 posts)Someday it will end the population .
Doctor_J
(36,392 posts)Wonder why no one votes?
randys1
(16,286 posts)most important issues.
And of course, nothing could be more wrong than that.
mountain grammy
(29,035 posts)Many Democrats gave Bush the green light for war. One of them is running for president.
hifiguy
(33,688 posts)Doctor_J
(36,392 posts)-none
(1,884 posts)That has been the problem for far too long. But now we have someone with a track record we can get behind and support.
randys1
(16,286 posts)is, given the horror their lives will be if they dont.
WHEN CRABS ROAR
(3,813 posts)OnyxCollie
(9,958 posts)https://zcomm.org/znetarticle/the-logical-bipartisan-insanity-of-endless-war/
War Pays for Some: A Hunt for Cash
Thats something for the leading liberal pundit, partisan Democrat, and converted Obama fan Paul Krugman to reflect on. War, Krugman informed New York Times readers last August, doesnt pay anymore, if it ever did for modern, wealthy nations. This is particularly true, Krugman feels, in an interconnected world where war would necessarily inflict severe economic harm on the victor.
Theres truth in his argument if by war we mean only major military conflicts between large and industrialized states. Such conflagrations are more than unlikely in our current ultra-imperialist (Karl Kautskys term) era marked by massive cross-national capital investment and global market inter-penetration.
More on Karl Kautsky:
To Hilferding imperialism is a policy of capitalism and not a stage of capitalism itself. Kautsky also held this view, but he differed with Hilferding in regarding imperialism as a policy of industrial (albeit a "highly developed"
Turning to the radical communist representatives of Marxian thought, we find very little originality, but a vast amount of polemical criticism of the theories of imperialism held by Kautsky, Hilferding, and all center and right-wing socialists. The outstanding example of this sort of criticism is found in Lenin's Imperialism.38 Embittered and disillusioned, particularly by the failure of Kautsky, so long regarded as Marx's direct successor, to go the whole way with violent revolution, Lenin makes him the scape-goat for all revisionist "renegades" from true Marxism.
Lenin and the communists generally are hostile to the notion that capitalism is capable of adopting a peaceful policy, even temporarily. The fact that capitalism once went through a peaceful stage is regarded as a mere episode in its development.39 Lenin identifies imperialism with the monopoly stage of capitalism and scornfully rejects the view that it is a mere external policy. He looks upon imperialism as "a tendency to violence and reaction in general,"40 and he brands any suggestion that it is otherwise as the talk of bourgeois reformers and socialist opportunists which glosses over the "deepest internal contradictions of imperialism."4I Granting, says Lenin, that capitalist nations should combine into such an "ultra-imperialism" or world-alliance as that visualized by Kautsky and others, it could be no more than temporary, for peaceful alliances prepare the ground for wars.42
The biggest flaw in Krugmans argument is his failure to make the (one would think) elementary distinction between (a) the wealthy Few and (b) the rest of us and society as whole when it comes to who loses and who gains from contemporary (endless) war, As the venerable U.S. foreign policy critic Edward S. Herman asks and observes:
Doesnt war pay for Lockheed-Martin, GE, Raytheon, Honeywell, Halliburton, Chevron, Academi (formerly Blackwater) and the vast further array of contractors and their financial, political, and military allies? An important feature of projecting power (i.e., imperialism) has always been the skewed distribution of costs and benefits The costs have always been borne by the general citizenry (including the dead and injured military personnel and their families), while the benefits accrue to privileged sectors whose members not only profit from arms supply and other services, but can plunder the victim countries during and after the invasion-occupation.
tblue37
(68,436 posts)leveymg
(36,418 posts)tblue37
(68,436 posts)troops because that prevented them from fighting effectively, thus putting the war effort at risk.
Halliburton and KBR supplied our troops with water contaminated by fecal matter, subcontracted out electrical wiring for such a cheap price that some soldiers were electrocuted taking showers, and other such things.
In order to make more profit, Halliburton and KBR deliberately provided substandard services and goods. They hung such profiteers in the past because they undermined the war effort.
Photographer
(1,142 posts)Divernan
(15,480 posts)AlbertCat
(17,505 posts)I mean.....
SHOCKING!
Spitfire of ATJ
(32,723 posts)dixiegrrrrl
(60,161 posts)I would be sitting pretty today.
Refused to do it, tho.
Awknid
(381 posts)I cannot invest in them either, but wish I would.
Dont call me Shirley
(10,998 posts)Tierra_y_Libertad
(50,414 posts)Works every time.
Octafish
(55,745 posts)Ask for Phil in Wealth Management.
They now work together at UBS -- which received uncounted billions in bailout money -- to specialize in some kind of "Weath Management."
Instead of celebrating, these warmongering turds should fear indictment on all manner of charges.
Enthusiast
(50,983 posts)Octafish
(55,745 posts)Used to be a Democrat, IIRC, a Congressman from Texas way back before Reagan. Then, he got into the US Senate and Wall Street AND Bank de-regulation in a big way, leading up to the repeal of Glass-Steagall, signed into law by his now-colleague at the UBS Wealth Management department, then-President Bill Clinton.
FWIW: Gramm and his wife, Wendy, helped link the criminality of the Reagan years from BCCI to the crapola of w Bush and ENRON. Oh. Gramm now bosses forever-pretzeldent George w Bush in the Wealth Management department at UBS.
From the UBS home page. Ugh...

SammyWinstonJack
(44,316 posts)merrily
(45,251 posts)Hotler
(13,747 posts)the wars would shrink a lot.
Duval
(4,280 posts)Rex
(65,616 posts)When you cheer on the profits from mass death and suffering, you are not a human being anymore. IMO.
Trailrider1951
(3,581 posts)They want our grandchildren.
Rex
(65,616 posts)they don't want to pay for it OR pay for bills from their war! It drives me crazy sometimes how fucked we are in some ways.
YOHABLO
(7,358 posts)Rex
(65,616 posts)President Socialist. The stupid still burns all the decades later.
nightscanner59
(802 posts)Initech
(108,783 posts)hifiguy
(33,688 posts)If's the primary feature of a captalist system. It's not a bug.
blackspade
(10,056 posts)MADem
(135,425 posts)Angry Dragon
(36,693 posts)zipplewrath
(16,698 posts)I'm dubious anything in what was said could really be classified as "celebrating". These people were definitely commenting upon the beneficial impacts that these conflicts would have on their particular business units. They were talking to creditors, they want to be able to borrow money at favorable rates. Oshkosh just won a large contract, which predates these conflicts. They are going to need a large amount of finacing to execute the contract and will want favorable costs.
Of course these companies are also populated heavily with republicans so they of course look favorably upon using the military to further American interests in this region. That's not a profit driven motive, that's a sick view of how best to achieve American interests.
muntrv
(14,505 posts)Ilsa
(64,371 posts)EndElectoral
(4,213 posts)Blue_Tires
(57,596 posts)d_legendary1
(2,586 posts)They don't mind putting our soldiers in harm's way if there is an opportunity to make money.
Enthusiast
(50,983 posts)Divernan
(15,480 posts)as speaking fees or campaign donations.
Roland99
(53,345 posts)truedelphi
(32,324 posts)Armed Services' Top Brass deciding it was too expensive to bring home American hardware. So tens of millions, if not billions of dollars, orf our high tech gear, vehicles and weapons, then got left in the dessert and then seized by ISIS.
Who also, to a man, somehow mysteriously?, knew how to operate it. (Remember this equipment was stuff our military had to spend months training in order to operate properly!)
As well as utilize American black op weaponry programs to disband their enemy!
Bunch of fucking ghouls, looking forward to making some blood money.
Arugula Latte
(50,566 posts)Marty McGraw
(1,024 posts)Bastardized version of Sparta
Where is the world's Athens to Counter?
Miserable Present Needs Desperate Fixing. Drives People to Drink
oh... oh...
My Age is Showing
Arugula Latte
(50,566 posts)Joey Liberal
(5,526 posts)Defense contractors are ripping off the taxpayers while giving the GOP millions in campaign donations.
rockfordfile
(8,742 posts)Enthusiast
(50,983 posts)Enthusiast
(50,983 posts)malaise
(296,118 posts)This should be the lead story but M$Greedia has a conflict of interest
Octafish
(55,745 posts)
KA-CHING: The Company Getting Rich Off the ISIS War
For the Middle East, the growth of the self-proclaimed Islamic State has been a catastrophe.
For one American firm, its been a gold mine.
by Kate Brannen
08.02.15
The war against ISIS isnt going so great, with the self-appointed terror group standing up to a year of U.S. airstrikes in Syria and Iraq.
But that hasnt kept defense contractors from doing rather well amidst the fighting. Lockheed Martin has received orders for thousands of more Hellfire missiles. AM General is busy supplying Iraq with 160 American-built Humvee vehicles, while General Dynamics is selling the country millions of dollars worth of tank ammunition.
SOS International, a family-owned business whose corporate headquarters are in New York City, is one of the biggest players on the ground in Iraq, employing the most Americans in the country after the U.S. Embassy. On the companys board of advisors: former Deputy Defense Secretary Paul Wolfowitzconsidered to be one of the architects of the invasion of Iraqand Paul Butler, a former special assistant to Pentagon chief Donald Rumsfeld.
The company, which goes by SOSi, says on its website that the contracts its been awarded for work in Iraq in 2015 have a total value of more than $400 million. They include a $40 million contract to provide everything from meals to perimeter security to emergency fire and medical services at Iraqs Besmaya Compound, one of the sites where U.S. troops are training Iraqi soldiers. The Army awarded SOSi a separate $100 million contract in late June for similar services at Camp Taji. The Pentagon expects that contract to last through June 2018.
A year after U.S. airstrikes began targeting the so-called Islamic State in Iraq, there are 3,500 U.S. troops deployed there, training and advising Iraqi troops. But a number that is not discussed is the growing number of contractors required to support these operations. According to the U.S. military, there are 6,300 contractors working in Iraq today, supporting U.S. operations. Separately, the State Department is seeking janitorial services, drivers, linguists, and security contractors to work at its Iraqi facilities.
While these numbers pale in comparison to the more than 163,000 working in Iraq at the peak of the Iraq War, they are steadily growing. And with the fight against ISIS expected to take several years, it also represents a growing opportunity for defense, security, and logistics contractors, especially as work in Afghanistan begins to dry up.
It allows us to maintain the façade of no boots on the ground while at the same time growing our footprint, said Laura Dickinson, a law professor at George Washington University whose recent work has focused on regulating private military contractors.
CONTINUED...
http://www.thedailybeast.com/articles/2015/08/02/the-company-getting-rich-off-of-the-isis-war.html
As one who's been interested in this guy's comblicking companions in and out of government, including the cough Pentagon and cough cough cough CIA Wall Street Swiss banks cough Wendy Gramm of a combover War Party cough cough cough AKA BFEE whose husband was mentioned above in regards to Glass-Steagall, I hope they do. The traitors and warmongers who lied America into war may yet be held to account and face Justice.
LS_Editor
(920 posts)No.... Defense contractors are the ultimate patriots... or something...
Defense Contractors Predict "Win" in ISIS War, Lots of Money
+
cantbeserious
(13,039 posts)eom
Turbineguy
(40,077 posts)They were disguised as Muslims. They were the ones Trump saw dancing.
kath
(10,565 posts)Caretha
(2,737 posts)Now isn't that lovely. Their products in theater are munitions that blast holes in living humans, human structures, animals & their structures....Their products in theater drip blood and cause rivers of tears.
Ain't they grand?
That is some of the most fuckin' shit I've ever read. What are we going to do about it?
Ron Green
(9,870 posts)The euphemisms these killers use to disguise what they're really doing ought to put them behind bars just for the violence to language.
Caretha
(2,737 posts)is exactly right.
What if the headlines read...
"Today our corporation & factories produced 1,200,000 new munitions and arms this month that caused 220,000 injuries and deaths...some of it was of course just collateral damage, but it made us a profit of more than $54,000 per hour. Our CEOS are very pleased and will be getting bonuses in relationship to the amount of misery and death that we were able to inflict with our superb corporate infrastructure and our busy factory workers."
Ron Green
(9,870 posts)FailureToCommunicate
(14,605 posts)Divernan
(15,480 posts)(Caveat: By "warhawk politicians" I refer to anyone who laughs maniacally at the prospect of war, and I do NOT, repeat NOT, refer to congresspersons who voted to provide support to troops already in the field or in need of VA care.)
You that build the big guns
You that build the death planes
You that build all the bombs
You that hide behind walls
You that hide behind desks
I just want you to know
I can see through your masks
You that never done nothin'
But build to destroy
You play with my world
Like it's your little toy
You put a gun in my hand
And you hide from my eyes
And you turn and run farther
When the fast bullets fly
You lie and deceive
A world war can be won
You want me to believe
But I see through your eyes
And I see through your brain
Like I see through the water
That runs down my drain
You fasten all the triggers
For the others to fire
Then you sit back and watch
When the death count gets higher
You hide in your mansion
While the young people's blood
Flows out of their bodies
And is buried in the mud
That can ever be hurled
Fear to bring children
Into the world
For threatening my baby
Unborn and unnamed
You ain't worth the blood
That runs in your veins
How much do I know
To talk out of turn
You might say that I'm young
You might say I'm unlearned
But there's one thing I know
Though I'm younger than you
That even Jesus would never
Forgive what you do
Is your money that good?
Will it buy you forgiveness
Do you think that it could?
I think you will find
When your death takes its toll
All the money you made
Will never buy back your soul
And I hope that you die
And your death'll come soon
I will follow your casket
By the pale afternoon
And I'll watch while you're lowered
Down to your deathbed
And I'll stand o'er your grave
'Til I'm sure that you're dead
Kablooie
(19,108 posts)grntuscarora
(1,249 posts)nt
wildbilln864
(13,382 posts)GoneFishin
(5,217 posts)someone a few million dollars to keep poking that hornets nest.
burrowowl
(18,494 posts)Why am I not surprised?
They are very low-life!
valerief
(53,235 posts)slipslidingaway
(21,210 posts)the long decline of the tech bubble from the 2000 top.
Some say the market started a decline after 9/11, but that is not true.
Find some longer term charts and see for yourself when the market began a decline.
Also check the real estate index, it reached a high in 2005 foreshadowing the impending real estate bubble. Even in 2003 I was reading about the coming real estate bubble. Our politicians, and their financials advisors stood there in late 2007 and were totally in shock as to what was happening, what a farce.
I became interested in politics after watching the market movements and major votes and their correlation.
Not surprised at their excitement.
nxylas
(6,440 posts)Maybe those were the people Donald Trump saw dancing in the streets on 9/11.
IronLionZion
(51,269 posts)Russia is blatantly advertising their weapons. They use stealth planes when ISIS doesn't have radar.
SHRED
(28,136 posts)joshcryer
(62,536 posts)Funny how the MIC's latest beneficiary is ISIS.
(Yes, I watch their propaganda videos and am probably on a list, you got to know that they're not against the evil empire, they themselves want to be an evil empire. In the end they're against western culture, society, ethics, and morality.)
raouldukelives
(5,178 posts)There are those who oppose it and those who appease it.
Live and Learn
(12,769 posts)KoKo
(84,711 posts)We have NO SHAME. We answer to our investors, and profit is what they care about.