09.28.10

There’s an industry for that?

Posted in Stumble and Fail, War On Terror at 1:37 pm by George Smith

Tom Friedman, high button upper-class boob and two-time Pulitzer winner, with another unintentionally laughable quote from his Sunday column on the miraculous $45,000 electric car from China:

I was recently at a Washington Nationals baseball game. While waiting for a hot dog, I overheard the conversation behind me. A management consultant for a big national firm was telling his colleagues that his job was to “market products to the Department of Homeland Security.” I thought to myself: “Oh, my! Inventing studies about terrorist threats and selling them to the U.S. government, is that an industry now?”

We’re out of balance — the balance between security and prosperity. We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.

Anyway, Friedman needs a pat on the back. He was one of the pundits who contributed to the private sector security industry boom after 9/11.

Specifically, in touting the Iraq War and letting us all know that every once in a while the US had to smash a country in the Middle East for the sake of sending the message: Suck on this!”

And ever since the country has had a booming business infrastructure for finding various new and old menaces, even if they either don’t or barely exist.

If this is actually news to Friedman, and not a failed joke, it’s because he’s spent his time marveling at the above-ground plastic mine business in China. Among other wonderful things.

In today’s Los Angeles Times, semi-related news came from a business story on Northrop firing 500 by the end of the year.

One of the few sectors of the economy where jobs have been very durable during the Great Recession has been national security. A 500 person lay-off at Northrop does not so much show that it has had an equal effect on defense. But rather that the scale of the collapse of the economy for the middle class and the subsequent debt the government has taken on are finally causing relatively minor cutbacks — with respect to the rest of the country — in that sector.

The Los Angeles Times writes:

The cutbacks are the latest to hit the aerospace industry amid concerns about the ballooning deficit.

After growing by double digits every year since the 2001 terrorist attacks, defense spending is expected to rise only about 1 percent annually over the next five years …

Lockheed Martin Corp., the nation’s largest defense contractor said earlier this month that about 25 percent of its executives opted for a voluntary retirement program to cut costs as defense spending slows. More than 600 vice presidents and directors applied …

Six hundred vice presidents and directors. That’s nice.


In blog related news, even the Marines get bedbugs. They are so without pity.

See here.

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