Thursday, December 11, 2008

Electric Bloat

It's the only part of our economy that is funded.

See
: America's Lone Industry

"Electric Boat plans to hire 650 workers" by Associated Press | December 11, 2008

GROTON, Conn. - Submarine maker Electric Boat plans to hire 650 workers in the new year to help with the construction of the new Virginia-class Missouri sub and other projects, EB president John Casey said.

Don't we have enough war toys? We spend more on these mass-murdering tools of shit than the rest of the world combined!

But Casey warned that while the outlook for EB in 2009 is stable, the company may need to cut 1,000 employees at the end of 2009 or in 2010 as ship work declines while it waits for a planned production increase in 2011.

And you thought Obama was ending the wars and occupations!

Electric Boat, a subsidiary of General Dynamics, is in a partnership with the Northrop Grumman Newport News shipyard in Virginia to build one submarine a year for the Navy. Production is set to increase to two ships a year in 2011.

EB intends to hire 400 trades workers, 200 engineers, and 50 designers to help with the Missouri project and others, Casey said. Electric Boat employs more than 10,000 workers.

The Navy has a multibillion-dollar plan to replace Los Angeles-class submarines with 30 Virginia-class subs, and the contract with EB and Northrop Grumman Newport News involves the first 10 subs.

How about a MULTI-BILLION DOLLAR PLAN to BUY UP MORTGAGES for AT-RISK HOMEOWNERS instead?

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