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You are here: Home / Democracy in America / The Members of Congress Who Profit From War

The Members of Congress Who Profit From War

March 24, 2021 by DC Editors Leave a Comment

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Profit From WarSome American politicians receive a ton of money from the defense industry. This article published in Sludge is by Donald Shaw and David Moore:

It was shortly after midnight in Baghdad on Friday, Jan. 3, when a missile strike ordered by President Trump killed Iranian General Qassem Soleimani.

When stock markets opened the next day, dozens of members of Congress saw bumps in their portfolios as their holdings in defense contractors like Lockheed Martin and Raytheon increased in value on the possibility of war. Over the next three trading days, the leading defense industry stock index would surge 2.4% above Thursday’s close.

Among these members of Congress with personal investments in the defense industry are several who sit on committees that determine major sources of funding for defense companies and weapons contractors.

Continue reading here.

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Filed Under: Democracy in America Tagged With: American Corruption, Money Politics, Republicans

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