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              151 Congressmen Profit From War
Wednesday, April 30th, 2008
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 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) 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 # With thanks to http://www.roguegovernment.com/ Have Your Say: 151 Congressmen Profit From War Please read our posting guidelines before posting. Alternatively you can discuss this report here. 11 Responses to “151 Congressmen Profit From War”
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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.
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This report is unconsciencable. Tom Harkin,
Ms. Maloney? I always thought highly of them before this article, especially Ms. Maloney whose husband was killed on a train by a gunman. How can she accept profits from
a war of blood and of a lie.?
sickening; I will not fall for the “false flags alerts.” Let be a dictator all BY HIMSELF. He is not going to boss me around.