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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.
these puke stain gov leaders of ours
No WONDER they have so much expendable cash for hill hookers and and call girls
Dibs on the blade sharpeners job, or should we leave it dull and rusty?
Dull & rusty is good... but who pulls the chain?
Originally posted by LateApexer313
I think it's HILARIOUS that the Demopuppets have more invested in the war then the Republopuppets.
A conflict of interest is a situation in which someone in a position of trust, such as a lawyer, insurance adjuster, a politician, executive or director of a corporation or a medical research scientist or physician, has competing professional or personal interests. Such competing interests can make it difficult to fulfill his or her duties impartially. A conflict of interest exists even if no unethical or improper act results from it. A conflict of interest can create an appearance of impropriety that can undermine confidence in the person, profession, or court system. A conflict can be mitigated by third party verification or third party evaluation noted below—but it still exists.
However, conflicts of interest do not only apply to professionals. A conflict of interest arises when anyone has two duties which conflict -