PDA

View Full Version : WTF - 151 Congressmen Profit From War




Phantom
04-29-2008, 05:38 PM
151 Congressmen Profit From War

Who profits from the Iraq war? More than a quarter of senators and congressmen have invested at least $196 million of their own money in companies doing business with the Department of Defense (DoD) that profit from the death and destruction in Iraq.

According to the latest reports, 151 members of Congress invested close to a quarter-billion in companies that received defense contracts of at least $5 million in 2006. These companies got more than $275.6 billion from the government in 2006, or $755 million per day, according to FedSpending.org, a website of the watchdog group OMBWatch.

Congressmen gave themselves a loophole so they only have to report their assets in broad ranges. Thus, they can be off as much as 160 percent. (Try giving the IRS an estimate like that.) In 2004, the first full year after the present Iraq war began, Republican and Democratic lawmakers—both hawks and doves—invested between $74.9 million and $161.3 million in companies under contract with the DoD. In 2006 Democrats had at least $3.7 million invested in the defense sector alone, compared to the Republicans’ “only” $577,500. As the war raged on, so did the billions of profits—and personal investments by Congress members in war contractors, which increased 5 percent from 2004 to 2006.

Investments in these contractors yielded Congress members between $15.8 million and $62 million in personal income from 2004 through 2006, through dividends, capital gains, royalties and interest. Sen. John Kerry (D-Mass.) and Rep. James Sensenbrenner (R-Wis.), who are two of Congress’s wealthiest members, were among the lawmakers who garnered the most income from war contractors between 2004 and 2006: Sensenbrenner got at least $3.2 million and Kerry reaped at least $2.6 million.

Members of the Senate Foreign Relations and Armed Services committees which oversee the Iraq war had between $32 million and $44 million invested in companies with DoD contracts.

War hawk Sen. Joe Lieberman (IConn.), chairman of the defense-related
Senate Homeland Security and Governmental Affairs Committee, had at least $51,000 invested in these companies in 2006.

Sen. Hillary Clinton (D-N.Y.), who voted for Bush’s war, had stock in defense companies, such as Honeywell, Boeing and Raytheon, but sold the stock in May 2007.

Of the 151 members whose investments are tied to the “defense” (war)
industry, as far as we know, not one of them offered to donate their bloodstained profits to the national treasury to offset the terrible debt they have imposed. Has one of them even offered to donate one cent of their war profits to lessen the debt that increases more than $1 million a minute?

When our boys and girls are wounded the government bills them to return their reenlistment bonus. They have to return any pay they received while they were hospitalized. They have to pay for their helmets and uniforms that are destroyed in the hell of war. But they keep on fighting for these politicians’ right to keep their war profits.

• Sen. John Kerry (D-Mass.) $3,001,006 to $5,015,001
• Sen. Tom Harkin (D-Iowa) $250,001 to $500,000
• Rep. Kenny Ewell Marchant (R-Tex.) $162,074 to $162,074
• Rep. Carolyn B. Maloney (D-N.Y.) $115,002 to $300,000
• Rep. Rodney Frelinghuysen (R-N.J.) $115,002 to $300,000
• Rep. Shelley Berkley (D-Nev.) $100,870 to $100,870
• Rep. James Sensenbrenner Jr. (R-Wis.) $65,646 to $65,646
• Sen. Jeff Bingaman (D-N.M.) $50,008 to $227,000
• Rep. Sam Farr (D-Calif.) $50,001 to $100,000
• Rep. Stephen Ira Cohen (D-Tenn.) $45,003 to $150,000

Link (http://www.roguegovernment.com/news.php?id=8694)

MoneyWhereMyMouthIs2
04-29-2008, 08:22 PM
151 Congressmen Profit From War, and many of the rest profit from plenty of other things. Pharma, agriculture, etc. :)

We live in one sick republic, for sure.

Mahkato
04-29-2008, 08:27 PM
That's what happens when you let people ignore the Constitution.

Dr.3D
04-29-2008, 08:31 PM
Clearly a conflict of interests exists here.

sophocles07
04-29-2008, 08:36 PM
But THIS: http://www.cnn.com/2008/POLITICS/04/29/obama.wright/index.html is the leading story.

FUCK!

Phantom
04-29-2008, 09:57 PM
I wonder how many of these congress critters have interests in the oil business.

CurtisLow
04-30-2008, 12:19 AM
Hang them all from the hanging tree.. What BS. :mad:

LEK
04-30-2008, 07:48 AM
Fascism.

I am sickened...

CurtisLow
05-03-2008, 10:27 AM
bump for the 151 Congressmen that Profit From War

ItsTime
05-03-2008, 10:56 AM
millions of Americans are profiting from this war. And if you have a 401k you too are most likely profiting from this war.

HOLLYWOOD
05-03-2008, 12:27 PM
FYI,

Name ONE POLITICIAN (that's not in PRISON) in Washington D.C. that has left office poorer than when they went in?

Answer: NONE

The title "Civil Servant" should be changed to "SELF SERVANT"!

The One
05-03-2008, 12:29 PM
millions of Americans are profiting from this war. And if you have a 401k you too are most likely profiting from this war.


Woohoo!!!!

Wait, I mean......oh fuck!!!:confused: