Anyone else get the feeling the wheels are coming off the bus?
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BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
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The wheels are coming off, the driver is in a coma and the bus is coming up to a dangerous hairpin curve. Yep.
Aptly described.
And our “friends” up front refuse to even try to take control.
buckle up casandra, only little people ride the bus.
the economies booming for the limo set, and those quarter million people who are headed for homelessness will just have to pay the fare.
lTMF’sA
Wheels coming off the bus? Only if we pull out of Iraq, at least according to the private thoughts of some CEOs.
War means a windfall for CEOs
President Bush’s military buildup and the conflict in Iraq have meant soaring profits for defense contractors and big paychecks for CEOs. But should we be concerned?
By Michael Brush at MSN Money
While policymakers in Washington wrangle over how much progress we’ve made in Iraq, one thing is clear: The war on terror is making some people rich.
President Bush’s military buildup has caused defense-contractor revenue to double, triple and even more during the past five years, and their executives have reaped huge bonuses and stock windfalls as the companies’ share prices have jumped.
Take a look:
CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.
The chief executives at the seven defense contractors whose bosses made the most pocketed nearly a half-billion dollars from 2002 through last year.
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 (GD, news, msgs), Halliburton (HAL, news, msgs) and Oshkosh Truck (OSK, news, msgs) have made, on average, more in four days than what a top general makes in a whole year, or $187,390.
Defense contractor CEOs are enjoying these big rewards partly because much of the war effort is being outsourced by an administration that believes private companies do things better than the public sector, say researchers at the Institute for Policy Studies and United for a Fair Economy.
“In the most privatized war in history, lucrative opportunities abound for chief executives of defense contractors,” says Sarah Anderson of the Institute for Policy Studies.
http://articles.moneycentral.msn.com/Investing/CompanyFocus/WarMeansAWindfallForCEOs.aspx
the wheels have been coming off the bus for so long, i have to wonder how many wheels are on the fucking bus! What is it, like 16 times now the wheels have come off the bus?
And yet there it goes…