Sure, go ahead, blame President Biden. Blame George W. Bush, blame President Obama, blame the former guy … there’s plenty of blame to spread around. Blame the military advisors who advised Bush and Obama (the former guy took advise from nobody, believing he actually had a functional brain). Blame your Aunt Mabel for all I care. The bottom line is that there was only one winner in the entire U.S.-Afghanistan fiasco: private military contractors.
If you purchased $10,000 of stock evenly divided among America’s top five defense contractors on September 18, 2001 — the day President George W. Bush signed the Authorization for Use of Military Force in response to the 9/11 terrorist attacks — and faithfully reinvested all dividends, it would now be worth $97,295. Not a bad return on investment, eh? Defense stocks outperformed the stock market overall by 58 percent during the Afghanistan War. Those top…
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