Come on Wall Street, don’t be slow,
Why man, this is war au-go-go!
There’s plenty good money to be made,
By supplying the Army with the tools of its trade.
But just hope and pray that if they drop the bomb,
They drop it on the Viet Cong! – Country Joe & The Fish, “Vietnam Song”
Who says war, what is it good for? Not Lockheed Martin, Raytheon, Northrop Grumman or General Dynamics! When the President announces a war with all weapon systems and no boots on the ground (those 1,600 “advisers” in Iraq and Syria only wear sandals), that means good times for America’s military-industrial complex.
Huh, how ’bout this? President Obama announces a jet-and-missile slamfest against angry jihadist oil refineries, and presto! All the giant publicly traded U.S. defense contractors miraculously hit their all-time high stock prices on pretty much the same day. Yeah, you could’ve hugged tight onto your S&P 500 Index mutual fund, enjoying a return so far this year of a whopping 2.2%. Or you could have bought into the above four weapons makers and be ahead of the game by 19% so far this year.
And if raining death down upon angry enemies is good for the military-industrial complex, it’s great for members of Congress of both parties, too! Because an industry so dependant upon government contracts is a grateful industry willing to share its largess with those who authorize government spending.
Out-of-control federal budget deficits? Pentagon spending cuts? Nyah – that was yesterday’s sound byte.