President Obama signs law to allow Pentagon to scrap defense contractor projects with cost overruns

New York Daily News by Kenneth R. Bazinet | May. 22, 2009 (News Report)

"I reject the notion that we have to waste billions of taxpayer dollars to keep this nation secure," Obama said in a Rose Garden ceremony.

"When it comes to purchasing weapons systems and developing defense projects, the choice we face is between investments that are designed to keep the American people safe and those that are simply designed to make a defense company or a contractor rich," he added.



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Posted by Glenn LaBauve

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Subjects: U.S., Politics, Business
Topics: U.S. Military, National Security, U.S. Budget, Obama Administration, Defense Industry, Corporate Governance
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Posted by: Posted by Glenn LaBauve - May 22, 2009 - 2:01 PM PDT
Reviewed by: Glenn LaBauve (review)
Content Type: Article
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Edited by: Glenn LaBauve - May 22, 2009 - 2:01 PM PDT
Related Comments: Obama Administration (3)

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 by Glenn LaBauve - May. 22, 2009
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