Korean Job Discussion Forums

[Adventurer]

Nervous defense contractors watching elections
By Dave Montgomery
McClatchy Newspapers

WASHINGTON - After years of surging military spending by the Bush administration and a Republican-led Congress, the nation's defense industry is trying to gauge what life would be like if power on Capitol Hill shifts to the Democrats.


Wall Street analysts have been churning out reports, advising defense contractors about what to expect if Republicans lose control of one or both houses of Congress.

"We believe that a Democratic House would be a strong backer of Army programs - armored vehicles in particular - in order to be seen as doing everything possible to support troops in Iraq," said an analysis by J. P. Morgan Securities Inc., describing Army contractors as "well-positioned" in the event of a power shift.


http://www.realcities.com/mld/krwashington/15904416.htm

[Ya-ta Boy]