
It looks like the defense industry is having a pretty good sequester. Most of the big companies are beating the stock market average since the sequester began.

It looks like the defense industry is having a pretty good sequester. Most of the big companies are beating the stock market average since the sequester began.

The military industrial complex is expansive. It reaches into every state, every Congressional District, every town. The US military is massive and since World War II has been an excellent way to “spread the wealth” especially for the GOP, which in theory is supposed to be for limited government spending.
Every time I write about this topic, someone gets irritated and explains to me that “defense” is actually enumerated in the Constitution and so is a valid expenditure of taxpayer money.
This brief clip is breathtaking. In it, the “master” explains that the long stretch of unemployment witnessed in the Depression may be ending and that even the employed may soon have fatter paychecks. “The grand experiment has begun.” Keynes says.