|As Congress gets an update next week on the Iraq war, lawmakers are personally |
invested in companies reaping billions of dollars from defense contracts.
April 03, 2008 | When Gen. David Petraeus, the top U.S military officer in Iraq, comes to Capitol Hill next week to brief Congress, he will be addressing lawmakers who have more than just a political stake in the five-year war.
Along with their colleagues in the House and Senate, the politicians who will get a status report from the general and the U.S. ambassador to Iraq have as much as $196 million of their own money invested in companies doing business with the Department of Defense, the nonpartisan Center for Responsive Politics has calculated. From aircraft and weapons manufacturers to producers of medical supplies and soft drinks, the investment portfolios of more than a quarter of Congress—and of countless constituents—include holdings in companies paid billions of dollars each month to support America's military in Iraq and elsewhere.
Includes investments in companies with DOD contracts of $5 million or more, according to 2006 data on FedSpending.org. Members of Congress must report their personal finances annually. Holdings shown here were as of December 31, 2006.According to the most recent reports of their personal finances, 151 current members of Congress had between $78.7 million and $195.5 million invested in companies that received defense contracts of at least $5 million in 2006. In all, these companies received more than $275.6 billion from the government in 2006, or $755 million per day, according to FedSpending.org, a website of the budget watchdog group OMB Watch.
I like this part:
"According to her presidential personal financial disclosures, Sen. Hillary Clinton (D-N.Y.) had stock in some defense companies, such as Honeywell, Boeing and Raytheon, but sold the stock in May 2007. Neither of the remaining presidential hopefuls, Democrat Barack Obama and Republican John McCain, reported such holdings on their filings."
Oh I better get rid of the defense stocks, wouldn't want anyone getting any ideas?
May 2007? Collected those first quarter dividends first.
These people do not deserve to be holding public office with such a glaring conflict of interest, John Kerry(bonesman) made the number one slot, you know he wants to bomb Iran.
These people make me sick.