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Endless War = Endless Profits

How Congress Profits from War


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Endless War = Endless Profits

By Christopher R Rice

WHY ARE WE STILL AT WAR? FOLLOW THE MONEY….

Republican and Democratic lawmakers invested $161.3 million in companies under contract with the DoD

An investigation by Ralph Forbes from American Free press reported on May 05, 2008 that more than a quarter of US 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 death and destruction.

The report also edifies that 151 members of congress invested close to a quarter-billion dollars 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.

In 2004, the first full year after the current 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. No wonder the Democratic congress kept approving the enormous spending bills on the war, since a significant portion of it happens to end up in their deep pockets.

The report elucidates further that investments in these contractors yielded Congress members between $15.8 million and $62 million in personal income from 2004 to 2006, through dividends, capital gains, royalties, and interest.

Certainly, as the war went on and escalated, so did the increase in profits.

Interestingly, the report also mentioned that 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.

Per example, war hawk Sen. Joe Lieberman (I-Conn.), 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 them in May 2007.

When you’re the world’s sole superpower, and you’ve been bogged down for over twelve years by pismire adversaries who don’t have an air force or a navy or an army or even a defense budget, you’re not fighting a “war on terror”, you’re getting fleeced by war-profiteers in Congress and crooked private contractors who are opposed to any “exit strategy”.

The politicians will then make statements in support of the corporate agenda (Dear Senator Ted Cruz, I'm going to explain to you
how Net Neutrality ACTUALLY works - The Oatmeal), repeal laws designed to prevent underhanded deals (Repeal of Glass-Steagall Caused the Financial Crisis - US News), prevent laws from being repealed that infringe on individual liberty (The Top Five Special Interest Groups Lobbying To Keep Marijuana Illegal are (1) Police Unions, (2) Private Prisons, (3) Alcohol and Beer Companies, (4) Pharmaceutical Corporations, and (5) Prison Guard Unions. - We Are Change), and enter into unpopular and unjust fraudulent Wall Street wars (10 companies profiting the most from war). God bless America.

Sources:

LA TIMES 3/6/2011 Dana Milbank “Congress earns low reputation”

The Sun 10/9/2010 AP “Bomb-sniffing dog tests fall short”

References:

1.     R. Forbes, (05, 2008), American Free Press, Issue 18.
2.    
FedSpending.org

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