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U.S. Congressmen and their love of Arms Sales

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Uploaded by on Apr 3, 2008

WASHINGTON, April 3 (Xinhua) -- The U.S. lawmakers have invested a total of 195.5 million U.S. dollars in the defense department's contract companies and gained much profit from the Iraq war, said a new study released on Thursday. The Center for Responsive Politics, a Washington-based nonpartisan group, conducted the study by reviewing lawmakers' financial statements in 2006. From 2004 to 2006, a total of 151 Congress members invested 78.7 million dollars to 195.5 million dollars in companies that have contracts with the Pentagon, and brought them profit of between 15.8 million dollars and 62 million dollars, according to the study. It also found more congressional Republicans than Democrats have stocks in the defense companies, but Democrats' military-related investment in 2006 is higher than Republicans, which is 3.7 million dollars to 577,500 dollars. The Center for Responsive Politics voiced the concerns that lawmakers' investment in the defense department contractors could constitute a conflict of interest as they take part in the decision-making on Iraq war budgets.

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  • why do we want to sell arms to taiwan ,when it will bring on another ISREAL &GAZA ,but this time china will be in middle along with usa. someone needs to put gun salers in check

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