Skip to main content

Co-authored by Derrick Crowe

This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us.

Here’s the breakdown so far for this year: 



This week's announcement raises a fundamental question: Should people and companies be allowed to make huge profits from war? Even raising this question in today’s environment may seem trite, but we used to have different answers than those that prevail in modern-day Washington, D.C.

“I don’t want to see a single war millionaire created in the United States as a result of this world disaster.” President Franklin D. Roosevelt, May 22, 1940.

“Worse than traitors in arms are the men who pretend loyalty to the flag, feast and fatten on the misfortunes of the Nation while patriotic blood is crimsoning the plains of the South and their countrymen mouldering the dust.”  --President Abraham Lincoln

This last quote is particularly relevant to this week’s profit announcements. Lincoln referred to war profiteers making money by cheating the Union Army. Outrage at war profiteering during this period led to the passage of “Lincoln’s Law,” officially known as the False Claims Act. The False Claims Act is the very same law that two of the companies listed above, Lockheed Martin and Boeing, violated through price-fixing and double-billing the taxpayer, leading to their having to pay roughly $20 million in the first quarter of 2012 to settle suits brought by the U.S. government.

During Roosevelt’s time, the idea of a single contractor company making almost a billion dollars worth of profit in three months would have received short shrift. As Roosevelt’s quote above shows, the idea of people profiting from war’s “disaster” disgusted him, and during his presidency the Truman Committee relentlessly investigated and exposed war profiteers. The closest analogy in our time would be the Committee on Wartime Contracting in Iraq and Afghanistan, which found that up to $60 billion (as of September 2011) was lost to waste and fraud in military contracting in those conflicts.

And yet, despite this historical lack of patience for war profiteering, and despite the current record showing gross misconduct and waste, the U.S. government keeps shoveling taxpayer money at these huge corporations. Could it be that the $5 million in campaign donations and $32 million in lobbying dollars so far this election cycle from the military contractors keep Congress intentionally ignorant of the problem? 

President George Washington knew a few things about war profiteers, and he didn’t mince words:

“There is such a thirst for gain [among military suppliers]…that it is enough to make one curse their own Species, for possessing so little virtue and patriotism.”

As long as we continue to allow the profit motive to play a role in America’s war, virtue and patriotism--to say nothing of peace--will continue to be in short supply.

Help unmask the war profiteers by sharing our latest video with your friends. Then, follow Robert Greenwald on Twitter. 


EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site