Layoffs Soar as War Profits Boom: Coincidence, or 'Economic Strategy'?
While Newsweek highlights the increasing economic insecurity for everyday Americans, tallying job cuts to levels not seen in years, the context of where those 'lost' resources are being redirected remains conspicuously absent. Over the past year, as US workers face the chopping block, military-industrial complex giants like Lockheed Martin and Raytheon have seen their stock prices surge, fueled by
escalating conflicts and massive aid packages. For instance, the Biden administration recently approved a $14 billion aid package to Israel, a move championed by politicians like Senator Bob Menendez, who in 2023 was indicted, among other things, for allegedly accepting bribes from foreign interests. (Source: OpenSecrets.org data shows significant defense contractor lobbying and politician
donations. Senate vote records confirm aid packages.) So, as layoffs mount and ordinary families struggle, one might wonder: are these simply 'unfortunate economic trends,' or a stark redistribution of national wealth from domestic programs and jobs towards geopolitical endeavors that directly benefit a select few? It appears some industries are recession-proof, especially when funded by taxpayer
dollars earmarked for distant wars rather than local livelihoods. Perhaps it's just 'supply and demand' for rockets, not R&D jobs.