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President Eisenhower’s Worst Nightmare: Massive Defense Contractors Extracting $50 Billion Per Year From Uncle Sam

Summary:
When, in his farewell address in 1961, President Dwight D. Eisenhower warned of the dangers of the “unwarranted influence” wielded by the “military-industrial complex,” he could never have dreamed of an arms-making corporation of the size and political clout of Lockheed Martin. In a good year, it now receives up to billion in government contracts, a sum larger than the operating budget of the State Department. And now it’s about to have company. https://original.antiwar.com/william-d-hartung/2019/07/16/eisenhowers-worst-nightmare/

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When, in his farewell address in 1961, President Dwight D. Eisenhower warned of the dangers of the “unwarranted influence” wielded by the “military-industrial complex,” he could never have dreamed of an arms-making corporation of the size and political clout of Lockheed Martin. In a good year, it now receives up to $50 billion in government contracts, a sum larger than the operating budget of the State Department. And now it’s about to have company.

https://original.antiwar.com/william-d-hartung/2019/07/16/eisenhowers-worst-nightmare/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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