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$$$$$: The Campaign Cash Behind the Afghanistan Escalation

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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 06:17 AM
Original message
$$$$$: The Campaign Cash Behind the Afghanistan Escalation
Edited on Wed Dec-02-09 06:52 AM by Bluebear
...But while the president may be showing disloyalty to his political base, he's remaining faithful to the defense industry interests that so generously funded his campaign.

According to the Center for Responsive Politics' OpenSecrets.org database, the top recipient of defense industry money in the 2008 election cycle was Barack Obama, whose haul of $1,029,997 far surpassed Republican contender Sen. John McCain's $696,948....

And it appears their investment may be paying off: The Associated Press reports that analyst Howard A. Rubel of the global investment bank Jefferies & Co. sent out a client note today stating that the fiscal 2010 Defense Department Budget will likely boost demand for precision munitions, communications gear, helicopters, armor and surveillance systems.

Among the companies whose stock Rubel rated as "Buy"? General Dynamics and Northrop Grumman.

http://www.commondreams.org/headline/2009/12/01-13
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 06:53 AM
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1. Follow the money.
You can unrecommend but you can't change the numbers lol!
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 06:58 AM
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2. 1 million out of how much?
hundreds and hundreds of millions.
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rhett o rick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 09:30 AM
Response to Reply #2
3. So you dont believe he is influenced by defense industry money? nt
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 12:23 PM
Response to Reply #3
6. the question is a good one
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Jokerman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 09:33 AM
Response to Original message
4. We've been sold out once again.
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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 09:54 AM
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5. We really, REALLY need to change the whole system
It sucks.
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omega minimo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 12:57 PM
Response to Reply #5
7. .
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