Wednesday, September 7, 2011

Fed Ex & Pepsi Make A Killing While Killing

A decade of waging wars abroad, from Iraq and Afghanistan to Pakistan and Libya to Yemen and Somalia hasn’t been kind to average Americans. As the United States poured nearly $8 trillion into national security spending, and the national debt ballooned from $6 trillion to $14.3 trillion, the official unemployment rate has more than doubled -- from 4.5% to 9.1%. Meanwhile the number of children living in poverty in the U.S. has jumped nearly 20% since 2000, according to the National Center for Children in Poverty.

And for older Americans, the risk of hunger has spiked almost 80% since 2001, according to a recent report by AARP. But from car companies to candy makers and even the biggest brands in organic food, so many of the world’s favorite companies have, over these years, cashed in on America’s wars.

hances are, if you’ve ever sent a package overnight, bought a PC or a can of soda, you’ve paid your hard-earned money to a major Pentagon contractor. While large defense corporations that make fighter jets and armored vehicles garner the most attention, tens of thousands of “civilian” companies, from multi-national corporations hawking toothpaste and shampoo to big oil behemoths and even local restaurants scattered across the United States, all supply the Pentagon with the necessities used to carry on day-to-day operations and wage America’s wars. And they’ve made a killing doing it since 9/11.

In 2001, the massive arms dealers Lockheed Martin, Boeing and Northrop Grumman ranked one, two and five among Department of Defense contractors, raking in $14.7 billion, $13.3 billion and $5.2 billion, respectively, in contracts. Last year, Lockheed’s contract dollars were almost double their pre-9/11 level, clocking in at $28 billion, while Boeing’s had jumped to almost $19 billion and Northrop Grumman, still in the five spot, had more than doubled its 2001 take, with $12.8 billion in contracts.

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