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The Members of Congress Who Profit From War

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01/14/2020 11:05 AM
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The Members of Congress Who Profit From War
Well documented. Both Democrats and Republicans benefit from war.

[link to readsludge.com (secure)]

"According to a Sludge review of financial disclosures, 51 members of Congress and their spouses own between $2.3 and $5.8 million worth of stocks in companies that are among the top 30 defense contractors in the world. Members of Congress generally report the values of their investments in ranges, so it’s not possible to know exactly how much their stocks are worth. As Congress debates whether to limit President Trump’s power to take military action against Iran, the complete list of senators and representatives who own defense stocks are displayed below in this article.

Eighteen members of Congress, combined, own as much as $760,000 worth of stock of Lockheed Martin, the world’s largest defense contractor in terms of overall defense revenues. The value of Lockheed Martin stock surged by 4.3% on the day after Soleimani’s assassination—a day in which the Dow Jones Industrial Average overall traded down."

"In the Senate, nearly one-third of the members of the Defense Subcommittee of the Appropriations Committee own stocks in top defense contractors."