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War, War, War
See other War, War, War Articles

Title: 151 Congressmen Profit From War [2008]
Source: rinf.com
URL Source: http://rinf.com/alt-news/war-terror ... gressmen-profit-from-war/3283/
Published: Apr 30, 2008
Author: Staff
Post Date: 2011-03-09 19:58:43 by GreyLmist
Keywords: Congress, War Profiteering, investments
Views: 291
Comments: 27

151 Congressmen Profit From War

30th April 2008 | General News, War / Terrorism News

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

#

With thanks to http://www.roguegovernment.com/


Poster Comment:

We need updated reports like this with financial reports on all of them. Here are two interesting comments at the site:

"If this isn't conflict of interest, I don't know what is. And that makes it not only unconscionable but ILLEGAL! Why aren't they being prosecuted to the fullest?"

"One of the biggest mistakes American voters make, repeatedly, is to suppose that millionaires will represent them in Congress.

We have been calling the Senate "the Millionaires' Club" for as many years as I've been around and yet the voters never seem to get it.

It is close to stupid to expect that rich people give a damn for the poor--they didn't amass their riches worrying about anyone but themselves."

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#1. To: GreyLmist (#0)

deleted

The relationship between morality and liberty is a directly proportional one.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin

Eric Stratton  posted on  2011-03-09   20:23:31 ET  Reply   Trace   Private Reply  


#2. To: GreyLmist (#0)

Lots o'JIZers represented there, lots.

Somewhere in Kenya, a village is missing its idiot.

Lod  posted on  2011-03-09   21:44:47 ET  Reply   Trace   Private Reply  


#3. To: GreyLmist (#0)

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.

Good heavens, that is only fair as we are talking about the misfits of America.

Just ask most residents here on 4um, they are NOT American boys and girls at all.

They are social misfits, human dregs, goons, thugs, assassins, mercenaries and sociopaths. THEY VOLUNTEER TO MURDER BECAUSE THEY LIKE IT.

So far 64 female misfits have paid with their lives, over 4000 male misfits, yet we go on stocking gold and silver. By the way, someone voted into office all those nice people that are making millions, I wonder who it could be.

Cynicom  posted on  2011-03-09   22:07:50 ET  Reply   Trace   Private Reply  


#4. To: Cynicom (#3)

By the way, someone voted into office all those nice people that are making millions, I wonder who it could be.

The people who run our magic black box voting machines, is my best guess.

See the Help America Vote Act, for more details of the culprits.

Somewhere in Kenya, a village is missing its idiot.

Lod  posted on  2011-03-09   22:11:30 ET  Reply   Trace   Private Reply  


#5. To: Cynicom (#3)

By the way, someone voted into office all those nice people that are making millions, I wonder who it could be.

Wasn't me. I don't think it was you, either. Who you suppose it could have been? hehehehe

Phant2000  posted on  2011-03-09   22:18:02 ET  Reply   Trace   Private Reply  


#6. To: Lod (#4)

The people who run our magic black box voting machines, is my best guess.

There were 120 million Americans that voted last go around.

They voted for more war, regardless of party, and we have more war.

Meanwhile the volunteer scum of America is doing the dying, as usual in all wars.

Cynicom  posted on  2011-03-09   22:20:23 ET  Reply   Trace   Private Reply  


#7. To: Cynicom (#6)

There were 120 million Americans that voted last go around.

Just because they went to the polls does not mean that they voted.

The black box voting machines could very likely have voted for them.

Until we get back to paper ballots, hand counted in plain view, at the precinct level - we are screwed.

Period. End of my little story.

Somewhere in Kenya, a village is missing its idiot.

Lod  posted on  2011-03-09   22:25:51 ET  Reply   Trace   Private Reply  


#8. To: Phant2000 (#5)

Americans are so blase about their disdain for the lowest class of Americans.

I did my turn, going the scum trail to war, seventy two bucks a month, meanwhile the majority stayed home and prospered, they hated war, hated the military, but they took the loot and ran. When I took out a VA loan to buy my home, I was called a freeloader, well the banks were owned and operated by my friends that stayed home.

Yep, damned free loader. And they all voted while I was "AWAY", risking my sorry worthless ass.

Cynicom  posted on  2011-03-09   22:27:20 ET  Reply   Trace   Private Reply  


#9. To: Eric Stratton, Lod, Cynicom, Phant2000, All (#0)

"If this isn't conflict of interest, I don't know what is. And that makes it not only unconscionable but ILLEGAL! Why aren't they being prosecuted to the fullest?"

If they want to play the stock market and work for lobbyists, they should be ordered in no uncertain terms to get out and stay out of our government. We really need to start moving for a redress of this grievance.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-03-10   1:31:34 ET  Reply   Trace   Private Reply  


#10. To: Lod (#7)

The black box voting machines could very likely have voted for them.

Sir Lod...

Actually the polls tallied 120 million people as having done their patriotic duty.

The machines cannot fabricate the bodies that appeared.

Cynicom  posted on  2011-03-10   7:38:43 ET  Reply   Trace   Private Reply  


#11. To: GreyLmist (#9)

We really need to start moving for a redress of this grievance.

Recall we had a Revolution once????

Cynicom  posted on  2011-03-10   7:40:03 ET  Reply   Trace   Private Reply  


#12. To: GreyLmist (#9)

deleted

The relationship between morality and liberty is a directly proportional one.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin

Eric Stratton  posted on  2011-03-10   8:08:54 ET  Reply   Trace   Private Reply  


#13. To: Eric Stratton (#12)

We're well beyond that Grey, ... you know that.

Perhaps so. Our Founding Fathers probably were largely of a similar opinion but drew their line in the sand and sent it by mail to King George and his followers anyway.

These people are evil immoral SWINE!

Evidently. I don't know who said it but serving in Congress is supposed to be an honor, not a career -- and not quarters for evil immoral SWINE who want to roll in blood-money and make snorting noises for lobby-money either.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-03-10   10:47:18 ET  Reply   Trace   Private Reply  


#14. To: GreyLmist (#13)

deleted

The relationship between morality and liberty is a directly proportional one.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Ben Franklin

Eric Stratton  posted on  2011-03-10   11:26:00 ET  Reply   Trace   Private Reply  


#15. To: Cynicom (#3)

By the way, someone voted into office all those nice people that are making millions, I wonder who it could be.

Not me!

I vote for Libertarians and Constitutionalists and other misfits who it seems are deemed not fit to govern.

It is a violation of Natural Law to use this document in a manner inconsistent with its labeling.

randge  posted on  2011-03-10   11:32:34 ET  Reply   Trace   Private Reply  


#16. To: randge (#15)

Not me!

The ballot box and voting is the best control of the masses ever envisioned.

Cynicom  posted on  2011-03-10   12:01:59 ET  Reply   Trace   Private Reply  


#17. To: Cynicom (#16)

The ballot box and voting is the best control of the masses ever envisioned.

This is why Turtle should be King.

I'll even settle for Benign Dictator.

I don't even want to rich, as long as I get to pick harem. 400 is a nice round number.

"If ever this vast country is brought under a single government, it will be one of the most extensive corruption, indifferent and incapable of a wholesome care over so wide a spread of surface. This will not be borne, and you will have to choose between reform and revolution. If I know the spirit of this country, the one or the other is inevitable." - Thomas Jefferson

Turtle  posted on  2011-03-10   12:11:13 ET  Reply   Trace   Private Reply  


#18. To: Turtle (#17)

This is why Turtle should be King.

Go back over the years, how many ex presidents do you see that were of any value?????????????????????????????????

Cynicom  posted on  2011-03-10   12:15:00 ET  Reply   Trace   Private Reply  


#19. To: Turtle (#17)

You can't be "King of America", Turtle. It's against our rules and regulations. If you want to pretend to be King George in a Revolutionary War re-enactment, we can maybe arrange that but you'd have to work for free.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-03-10   12:29:32 ET  (1 image) Reply   Trace   Private Reply  


#20. To: Cynicom (#18)

Thomas Jefferson and Andrew Jackson--none since then that I'm aware of.

christine  posted on  2011-03-10   12:47:00 ET  Reply   Trace   Private Reply  


#21. To: Cynicom (#18)

Go back over the years, how many ex presidents do you see that were of any value?????????????????????????????????

Abraham Lincoln?

It is a violation of Natural Law to use this document in a manner inconsistent with its labeling.

randge  posted on  2011-03-10   13:04:17 ET  Reply   Trace   Private Reply  


#22. To: randge (#21)

Abraham Lincoln?

Koff, koff, uhhh.

Cynicom  posted on  2011-03-10   13:17:37 ET  Reply   Trace   Private Reply  


#23. To: Cynicom (#22)

Short career there.

It is a violation of Natural Law to use this document in a manner inconsistent with its labeling.

randge  posted on  2011-03-10   13:38:42 ET  Reply   Trace   Private Reply  


#24. To: randge (#23)

Short career there.

Digging into seldom seen nor heard history one finds that an enthusiastic supporter of Lincoln was...KARL MARX...

So much so that Marx had his own Jew intelligence unit operating within the Union Army.

Cynicom  posted on  2011-03-10   13:43:25 ET  Reply   Trace   Private Reply  


#25. To: Cynicom (#22) (Edited)

Abraham Lincoln?

Since buckwheat likes to pretend he is the second coming of Lincoln, I am going to butt in here and add my thoughts on President Lincoln.

Lincoln suspended habeas corpus, the legal procedure that keeps the government from holding you indefinitely without showing cause. Lincoln did this in 1861 and 1862. It was not overturned until 1866.

Remember, the Founders believed habeas corpus was important enough in the preservation of liberty, justice, and democracy that it was enshrined in the very first article of the United States Constitution. Matter of fact, it has been a pillar of Western law since the signing of the Magna Carta in 1215. How's that for longevity of a "procedure"?

Now ... in 2006, Congress passed the Military Commissions Act. Among its many ill-considered and dangerous provisions, it revoked the right to habeas corpus for anyone detained at Guantánamo Bay, as well as for any foreigner the government detains anywhere and labels an “enemy combatant.” This provision also applies to legal residents of the U.S. Someone who has lived in the U.S. for years could potentially be labeled an “enemy combatant” and then thrown into prison with no legal recourse to challenge their detention.

Strangely, buckwheat voted against the Military Commissions Act. However, since becoming POTUS he has shown a totally different policy. SO ... in that he alleges to be the second President Lincoln, look for him to use that power without hesitation.

Buckwheat also brags that he follows the policies of FDR, who also suspended habeas corpus to imprison Japanese-Americans during WWII.

SO ... buckwheat follows whatever gives him the power he wants (or has been assured him by his handlers)!!!

Phant2000  posted on  2011-03-10   14:04:58 ET  Reply   Trace   Private Reply  


#26. To: Phant2000 (#25)

Mom and Pop Blackfolks from Harlem and Watts donated ONE BILLION DOLLARS to elect the first black President.

You crackers are just jealous.

Cynicom  posted on  2011-03-10   15:30:02 ET  Reply   Trace   Private Reply  


#27. To: Cynicom (#26)

You crackers are just jealous.

Jealous of what? Jealous of black? Jealous of having less than average intelligence? Jealous of being lazy? Jealous of not being able to spend 24/7 on the golf course, with the hollywood plastic people, or with other empty- headed homosapiens? Jealous of not having handlers? Jealous of his empty suit? Jealous of his gardening and nutrition-conscious wife? Jealous of his skeleton frame? Jealous of his lack of achievements?

Come on, now. It is our present POTUS who is jealous of us crackers.

Ain't that a bitch!!! MUHAHAHAHAHA

Phant2000  posted on  2011-03-10   15:44:30 ET  Reply   Trace   Private Reply  


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