Wednesday, April 16, 2008

Cha Ching in Congress!

  • According to 151 current members of Congress invested between $78.7 million and $195.5 million in companies that received defense contracts of at least $5million in 2006.
  • The defense contractors received more than $275.6 billion in government contracts. That works out to $755 million dollars per day.
  • The return for Congressional investors yielded them between $15.8 million and $62 million in income from 2004 through 2006 through dividends, capital gains, royalties and interest.
  • Members of the Senate Foreign Relations and Armed Services committees had between $32million and $44 million invested in companies with DOD contracts.
  • The average share price of these corporations today is nearly twice what it was in 2004.

John McCain suggests that the Iraqi war could last another 10 years. Oh my ... belly-up to the trough boys!

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