News Headlines
Why Bain Pleads the Fifth...
Published:Tue, 21 Feb 2012 01:45:00 -0800
The silence of Mitt Romney’s old firm speaks volumes about private equity. By Gary Rivlin.......
Mitt Romney Risks Rick Santorum Embarra...
Published:Tue, 21 Feb 2012 05:50:09 -0800
MUSKEGON, Mich. -- Republican presidential candidate Rick Santorum promised Monday to revive manufacturing, cut taxes and shrink government, pledges that drew loud applause from c......
Mitt Romney entering pivotal stretch of...
Published:Tue, 21 Feb 2012 06:03:30 -0800
Mitt Romney is entering a pivotal stretch in his quest for the Republican presidential nomination. After a two-week lull, the GOP campaign moves back into the national spotlight t......
Romney Unlike Father He Invokes to Conn...
Published:Mon, 20 Feb 2012 22:02:26 -0800
Mitt Romney mentioned in an opinion piece for a Michigan newspaper last week that he learned to love “chrome and fins and roaring motors” while growing up in Detroit. His fath......
Money Can't Buy Mitt Love (The Note...
Published:Tue, 21 Feb 2012 05:36:33 -0800
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) Mitt Romney’s out-raising and out-spending the competition, but he still can’t lock down the nomination. Rom......
Military Spending

Which Candidates are hooked in with the Military Industrial Complex? we know for sure Ron paul isn't.

There are now shadows looming on all the moves within the United States. Daniel Guérin, in his 1936 book Fascism and Big Business, wrote about the fascist government support to heavy industry. It can be defined as, “an informal and changing coalition of groups with vested psychological, moral, and material interests in the continuous development and maintenance of high levels of weaponry, in preservation of colonial markets and in military-strategic conceptions of internal affairs

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President of the United States (and former General of the Army) Dwight D. Eisenhower used the term in his Farewell Address to the Nation on January 17, 1961: A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempted to risk his own destruction... This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every statehouse, every office of the federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals so that security and liberty may prosper together.

2008 rank 2007 rank Company (country) 2008 arms sales (US$ m.) 2007 arms sales (US$ m.) Arms sales as share of company’s total sales (%), 2008
1 2 United Kingdom BAE Systems 32 420 29 860 95
2 3 United States Lockheed Martin 29 880 29 400 70
3 1 United States Boeing 29 200 30 480 48
4 4 United States Northrop Grumman 26 090 24 600 77
5 5 United States General Dynamics 22 780 21 520 78
6 6 United States Raytheon 21 030 19 540 91
7 7 European Union EADS 17 900 13 100 28
8 9 Italy Finmeccanica 13 020 9 850 52
9 8 United States L-3 Communications 12 160 11 240 82
10 10 France Thales Group 10 760 9 350 58
11 11 United States United Technologies 9 980 8 760 17
12 12 United States SAIC 7 350 6 250 73
13 16 United States KBR 5 730 5 000 50
14 13 United States Computer Sciences Corp. 5 710 5 420 34
15 15 United States Honeywell 5 310 5 020 15
16 19 United States ITT Corporation 5 170 3 850 44
17 17 United Kingdom Rolls Royce 4 720 4 580 28
18 23 Russia Almaz-Antei 4 340 2 780 94
19 25 United States AM General 4 040 2 670 . .
20 N United States Navistar 3 900 370 26

For the 2010 fiscal year, the president's base budget of the Department of Defense rose to $533.8 billion. Adding spending on "overseas contingency operations" brings the sum to $663.8 billion.

When the budget was signed into law on October 28, 2009, the final size of the Department of Defense's budget was $680 billion, $16 billion more than President Obama had requested.[An additional $33 billion supplemental bill to support the wars in Iraq and Afghanistan was expected to pass in the spring of 2010, but has been delayed by the House of Representatives after passing the Senate.Defense-related expenditures outside of the Department of Defense constitute between $216 billion and $361 billion in additional spending, bringing the total for defense spending to between $880 billion and $1.03 trillion in fiscal year 2010


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