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Monday, June 11, 2012

Bloomberg: 70 per cent of the economic stimulus went to defense contractors

June 11 (Bloomberg) -- 141,262 contractors split nearly $533 billion in U.S. government federal contracts. A Bloomberg Government study shows the top 200 contractors get two-thirds of federal contracting dollars.

Bloomberg's Megan Hughes reports on Bloomberg Television's "InBusiness."

Defense contractors picked up 70 per cent of the stimulus, with Lockheed-Martin hauling in $42.9 billion.

Apparently Obama talked infrastructure, but the Congress spent the money on defense.

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