Jump to content

151 Congressmen Derive Financial Profit From War


Recommended Posts

http://www.opednews.com/articles/opedne_ra...essmen_deri.htm

 

151 Congressmen Derive Financial Profit From War

 

Ralph Forbes

OpEdNews

May 28, 2008

 

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

Link to post
Share on other sites
But what is not ok, is writing a book in which you air some of your former boss
Link to post
Share on other sites
Um, they ALL VOTED FOR THE WAR!

 

Since when is there an ethical "do not trade" securities list for the Senate?

 

In fairness Hillary Clinton stoped suporting the war when she decided to run for president, lets be fair.

Link to post
Share on other sites
Hmmmmm......9/11?

I was going to mark Sept. 11, 2002, by joining the Green Party, but when the day came, I forgot to do it.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...