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Not to stoke any of the inane conspiracy theories running wild on the Internet, but if Osama bin Laden wasn’t on the payroll of Lockheed Martin or some other large defense contractor, he deserves to have been. What a boondoggle 9/11 has been for the merchants of war, who this week announced yet another quarter of whopping profits made possible by George Bush’s pretending to fight terrorism by throwing money at outdated Cold War-style weapons systems.
Lockheed Martin, the nation’s top weapons manufacturer, reaped a 22 percent increase in profits, while rivals for the defense buck, Northrop Grumman and General Dynamics, increased profits by 62 percent and 22 percent, respectively. Boeing’s profits jumped...
Boondoggle (project) – slang term for a scheme that wastes time and money