Wednesday, September 19, 2007

WAR MEANS WINDFALL FOR DEFENSE CONTRACTORS
Michael Brush writes, “CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.” Additionally, “The CEOs made an average of $12.4 million a year, easily more than the average corporate chief. Since the start of the war, CEOs at defense contractors such General Dynamics, Halliburton and Oshkosh Truck have made, on average, more in four days than what a top general makes in a whole year, or $187,390.” LINK

via Skippy

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.