Profits of four leading aircraft manufacturers (Curtiss-Wright, Douglas, Consolidated and Lockheed) stood over 900% higher in 1941 than in the base period of 1936-39, and profits of New York Shipbuilding stood 2,420% higher.
These startling statistics were headlined last week by the newspaper PM, which stated that it backed them with a study made by OPA. Run with a cartoon showing a stout gentleman in a frock coat with an American flag in one hand and a bag of money in the other, the figures purported to be a damning indictment of the U.S. business profiteer.
Only trouble with the phony use of...
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