The Only Job a War Industry CEO Cares About: His Own

10/26/2011 03:39 am ET | Updated Dec 25, 2011

In their attempt to protect pay packages that would shame a Goldman Sachs executive, the CEOs of the biggest military contractors are again releasing bogus "analysis" on job creation related to massive military budgets. Don't be fooled: the spin coming out of the Second To None lobbying front is about one job, and one job only: the job of the guy at the top of the war corporation, along with its massive salary.

Let's dispense with the war profiteers' so-called economic analysis (.pdf). The study released today at a war-contractor-convened press conference tries to obscure the massive jobs cost of military spending by citing all the jobs that are tied to the current Pentagon budget. This "analysis," though, is completely context-free, rendering it useless in determining the best course of action for the deficit committee and in making predictions about the economy in general.

The study ignores the jobs cost we're already suffering from big military budgets, both in terms of: