BestOfBid.com
Just me or Is This JUST WRONG?
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. We lost 4,330 of our brave troops and over 700,000 innocent Iraqis were killed (aka,collateral damage) Would you agree that Those who voted for the war and then invested in it are "War Profiteers" who now have blood on their hands? http://whatthe.blogetery.com/index.php/2008/05/02/151-congressmen-profit-from-iraq-war/
Public Comments
- American soldiers are a cost of doing business for Big Corporations and their Republican lackeys.
