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read this and maybe you'll understand

Posted by on Oct. 12, 2009 at 7:02 PM
  • 18 Replies
So, please tell me, again, about how 9/11 was committed by some backass, hilljack, living in a cave, 10,000 miles away. Please, tell me, again, how the "War of Terror" is protecting our freedoms, here at home. And then read this and maybe you'll understand why I won't let them piss in my ear and tell me it's raining.....
 
 
There are TWO articles following and a link to another.....
 
 
Democratic Blood Money and Senator Feinstein’s War Profiteering
 
 
 

Democratic Senator Dianne Feinstein of California silently resigned from her post on the Military Construction Appropriations subcommittee (MILCON) late last week as her ethical limbo with war contracts began to surface in the media, including an excellent investigative report written by Peter Byrne for Metro in January. MILCON has supervised the appropriations of billions of dollars in reconstruction contracts since the Bush wars began.

 

Feinstein, who served as chairperson and ranking member for the committee from 2001-2005, came under fire early last year in these pages for profiting by way of her husband Richard Blum who, until 2005, held large stakes in two defense contracting companies. Both businesses, URS and Perini, have scored lucrative contracts in Iraq and Afghanistan in the last four years, and Blum has personally pocketed tens of millions of dollars off the deals his wife, along with her colleagues, so graciously approved.

 

Here's a brief rundown of the Feinstein family's blatant war profiteering. In April 2003, the U.S. Army Corps of Engineers gave $500 million to Perini to provide services for Iraq's Central Command. A month earlier in March 2003, Perini was awarded $25 million to design and construct a facility to support the Afghan National Army near Kabul. And in March 2004, Perini was awarded a hefty contract worth up to $500 million for "electrical power distribution and transmission" in southern Iraq.

 

But it is not just Perini that has made Feinstein and Blum wealthy. Blum also held over 111,000 shares of stock in URS Corporation, which is now one of the top defense contractors in the United States. Blum was an acting director of URS, which bought EG&G, a leading provider of technical services and management to the U.S. military, from the neocon packed Carlyle Group back in 2002.

 

"As part of EG&G's sale price," reports the San Francisco Chronicle, "Carlyle acquired a 21.74 percent stake in URS - second only to the 23.7 percent of shares controlled by Blum Capital."

 

URS and Blum have since banked on the war in Iraq, attaining a $600 million contract through EG&G, which Sen. Feinstein permitted. As a result, URS has seen its stock price more than triple since the war began in March of 2003. Blum has cashed in over $2 million on this venture alone and another $100 million for his investment firm.

 

And it is not just the Feinstein family that has benefited from the war - so too has the Democratic Party. Since 2000, the Democrats' Daddy Warbucks has donated over $100,000 to the Democratic Senatorial Committee including leading Democrats including John Kerry, Robert Byrd, Ted Kennedy, and even Barbara Boxer.

 

Feinstein's resignation from MILCON was the least the senator could do to atone for profiting off the spoils of war. But Feinstein wasn't trying to atone, she seems to have been trying to cover her tracks instead by distancing herself from her post. If the Democratic Party had any foresight whatsoever it would return all the Blood Money donated by Blum. From there the Senate ought to hold hearings and examine Feinstein's tenure as the chair and ranking member of MILCON and analyze every single contract she approved which benefited her husband's respective companies.

 

There is absolutely no question - Sen. Dianne Feinstein has a plethora of ethics violations she needs to account for at once.

 

April 4, 2007

 

Joshua Frank [send him mail] is the author of Left Out!: How Liberals Helped Reelect George W. Bush, just published by Common Courage Press. You can order a copy at a discount through Josh�s blog.

 

Copyright � 2007 LewRockwell.com

 

http://www.lewrockwell.com/frank/frank36.html

 

also see.....

 

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/04/27/BA284459.DTL

 

 
 
 

US Lawmakers Invested in Iraq, Afghanistan Wars

 

by Abid Aslam

 

WASHINGTON - U.S. lawmakers have a financial interest in military operations in Iraq and Afghanistan, a review of their accounts has revealed.

 

Members of Congress invested nearly 196 million dollars of their own money in companies that receive hundreds of millions of dollars a day from Pentagon contracts to provide goods and services to U.S. armed forces, say nonpartisan watchdog groups.

 

David Petraeus, the top U.S. general in Iraq, is to brief the Senate Foreign Relations and Armed Services committees on Tuesday and Wednesday. The latest findings are unlikely to have a significant impact on this week's proceedings but could stoke anti-incumbent sentiment in this year of presidential and legislative elections.

 

Lawmakers charged with overseeing Pentagon contractors hold stock in those very firms, as do vocal critics of the war in Iraq, says the Centre for Responsive Politics (CRP).

 

Senator John Kerry, the Democrat from Massachusetts who staked his 2004 presidential bid in part on his opposition to the war, tops the list of investors. His holdings in firms with Pentagon contracts of at least five million dollars stood at between 28.9 million dollars and 38.2 million dollars as of Dec. 31, 2006. Kerry sits on the Senate foreign relations panel.

 

Members of Congress are required to report their personal finances every year but only need to state their assets in broad ranges.

 

Other top investors include Representative Rodney Frelinghuysen, a New Jersey Republican with holdings of 12.1 million - 49.1 million dollars; Rep. Robin Hayes, a North Carolina Republican (9.2 million - 37.1 million dollars); Republican Rep. James Sensenbrenner Jr. of Wisconsin (5.2 million - 7.6 million dollars); and Rep. Jane Harman, a California Democrat (2.7 million - 6.3 million dollars).

 

Sen. Jay Rockefeller, the Democrat and former governor of West Virginia who chairs the Senate Select Intelligence Committee, invested some 2.0 million dollars in Pentagon contractors, CRP says.

 

Other panel chiefs who invested in defence firms include Sen. Joseph Lieberman, the Connecticut Independent who presides over the Senate Homeland Security and Governmental Affairs Committee, and Rep. Howard Berman, the California Democrat who heads the House Foreign Affairs Committee.

 

In all, 151 current members of Congress -- more than one-fourth of the total -- have invested between 78.7 million dollars and 195.5 million dollars in companies that received defence contracts of at least 5.0 million dollars, according to CRP.

 

These companies received more than 275.6 billion dollars from the government in 2006, or 755 million dollars per day, says budget watchdog group OMB Watch.

 

The investments yielded lawmakers 15.8 million - 62 million dollars in dividend income, capital gains, royalties, and interest from 2004 through 2006, says CRP.

 

Not all the firms deal in arms or military equipment. Some make soft drinks or medical supplies and military contracts represent a small fraction of their revenues. Many are leaders in their industries and, as such, feature in the investment portfolios of millions of ordinary people who invest at least a portion of their savings in mutual funds, which in turn hold stocks in up to hundreds of companies.

 

"Giant corporations outside of the defence sector, such as Pepsico, IBM, Microsoft and Johnson & Johnson, have received defence contracts and are all popular investments for both members of Congress and the general public," says CRP.

 

"So common are these companies, both as personal investments and as defence contractors, it would appear difficult to build a diverse blue-chip stock portfolio without at least some of them," the group acknowledges.

 

If some of the stocks appear innocent, aides say legislators also are. Some did not buy the stocks in question but inherited them. Many hold them in blind trusts, so called because the investments are handled by independent entities, at least theoretically without the politicians' knowledge of how their assets are being managed.

 

Even so, according to CRP, owning stock in companies under contract with the Pentagon could prove "problematic for members of Congress who sit on committees that oversee defence policy and budgeting."

 

Members of the Senate Foreign Relations and Armed Services committees held 3.0 million - 5.1 million dollars in companies specialising in weapons and other exclusively military goods and services, it added.

 

Critics have assailed President George W. Bush and Vice President Richard Cheney for their ties to companies seen as benefiting from the Iraq and Afghanistan wars. Bush was characterised as pushing conflict in the interest of the oil fraternity whence he hailed.

 

Before becoming vice president, Cheney headed Halliburton, a major player in the oil services industry and the object of controversies involving political connections, government contracts, and business ethics.

 

Halliburton's subsidiary, Kellogg Brown & Root, was given multi-billion-dollar contracts to provide construction, hospitality, and other services to the U.S. military following the 2003 invasion of Iraq. The contracts drew fire because of Cheney's history and then-ongoing financial relationship with the firm, and because the company did not have to compete for the Pentagon's business. The firm was renamed KBR Inc. after Halliburton spun it off last year.

 


© 2008 Inter Press Service

 

http://www.commondreams.org/archive/2008/04/08/8155

 

 

 
by on Oct. 12, 2009 at 7:02 PM
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Replies (1-10):
Gypsyuma
by Gold Member on Oct. 12, 2009 at 11:04 PM

Unbelievable.... "Let's make war and kill million so we can be rich arses!"  NICE.... and the Middle East hates us because why? 

provincialfoot
by Bronze Member on Oct. 12, 2009 at 11:20 PM


Quoting Gypsyuma:

Unbelievable.... "Let's make war and kill million so we can be rich arses!"  NICE.... and the Middle East hates us because why? 


Oh ! Gypsy, haven't you heard the word? They hate us cause .....

THEY'RE JEALOUS !!!!!

 

roflmao@ lying zionist media shills and their insane conspiracy theories !!

Della529
by on Oct. 12, 2009 at 11:21 PM

bump

provincialfoot
by Bronze Member on Oct. 13, 2009 at 7:53 PM
Hmmmmmm.... interesting the troll hasn't stopped by, to proclaim my mental instability, for having the audacity to post such incendiary things....How dare I presume there is some sort of conspiracy, regardless of what the facts infer. There IS such a thing as conspiracy FACTS.
Gypsyuma
by Gold Member on Oct. 13, 2009 at 8:44 PM

Trolls aren't interested in facts.  And they certainly dont do well in contradicting their flagrantly erroneous statements either. 

Grannygoli
by Gold Member on Oct. 13, 2009 at 10:00 PM

It's capitalist country so you should be able to invest in anything that will bring you money and if more war will bring that, then so be it.  And it would be even better for your business if you donate money to politicians that will perpetuate the wars.  Yeepee, American Capitalism!  YEY!!

Let's go cause the rape and murder of more children around the world.  YEY! YEEPEE!

Here is a Billy Bragg song which suits the occasion well:

It's called, "The Marching Song of the Covert Batallions:" (note: the bold section/video at bottom)

Here we are, seeking out the reds
Trying to keep the communists in order
Just remember when youre sleeping in your beds
Theyre only two days drive from the texas border

How can a country large as ours
Be scared of such a threat
Well if they wont work for us
Theyre against us you can bet
They may be sovereign countries
But you folks at home forget
That they all want what weve got
But they dont know it yet

Were making the world safe for capitalism

Here we come with our candy and our guns
And our corporate muscle marches in behind us
For freedoms just another world for nothing left to sell
And if you want narcotics we can get you those as well

We help the multi-nationals
When they cry out protect us
The locals scream and shout a bit
But we dont let that affect us
Were here to lend a helping hand
In case they dont elect us
How dare they buy our products
Yet still they dont respect us

Were making the world safe for capitalism

If you thought the army
Was here protecting people like yourself
Ive some news for you
Were here to defend wealth
Away with nuns and bishops
The good lord will help those that help themselves
Ive some news for you
Were here to defend wealth


Were making the world safe for capitalism


mrs_khan07
by Silver Member on Oct. 14, 2009 at 12:18 AM

Great post Provincialfoot and great song Grannygoli, definitely suits the occasion.

Mrs. Khan



KELLI2L
by Member on Oct. 14, 2009 at 10:08 AM


Quoting provincialfoot:

 

Quoting Gypsyuma:

Unbelievable.... "Let's make war and kill million so we can be rich arses!"  NICE.... and the Middle East hates us because why? 


Oh ! Gypsy, haven't you heard the word? They hate us cause .....

THEY'RE JEALOUS !!!!!

 

roflmao@ lying zionist media shills and their insane conspiracy theories !!

And why wouldn't they be jealous....not for the reasons our politicians would have us believe - our "so-called freedoms" - - which in-truth we are losing daily !!!.....

But maybe they are jealous because THEY want to make the money - they don't want our American corporations and politicians benefitting if THEY can't - - - it's all about the GREED......

 


 

Terasasmom
by on Oct. 14, 2009 at 10:17 AM
I am bumping to read later!
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Grannygoli
by Gold Member on Oct. 14, 2009 at 2:45 PM


Quoting KELLI2L:


Quoting provincialfoot:


Quoting Gypsyuma:

Unbelievable.... "Let's make war and kill million so we can be rich arses!"  NICE.... and the Middle East hates us because why? 


Oh ! Gypsy, haven't you heard the word? They hate us cause .....

THEY'RE JEALOUS !!!!!


roflmao@ lying zionist media shills and their insane conspiracy theories !!

And why wouldn't they be jealous....not for the reasons our politicians would have us believe - our "so-called freedoms" - - which in-truth we are losing daily !!!.....

But maybe they are jealous because THEY want to make the money - they don't want our American corporations and politicians benefitting if THEY can't - - - it's all about the GREED......

 


 

Excuse me!  They are not jealous.  We are not profiting from the greed of the corporations and they are not either.  The unchecked greed and dominance of the supposed "free market" is hurting us and hurting them.  Currently, 225 people on earth own about 80 percent of the world's wealth.  Power is concentrated in the hands of the few.  The corporations do not only use us as the tax paying hardworking majority, they use the resources of the poor in other countries and work with corrupt governments around the world to have military dominance and control of territories.  The result is wars in many places which many people far from the war zones forget to see for their reality.  The reality you do not see on the corporate owned news from MSNBC to FOX is the results of war and environmental degradation caused by the unfettered hand of the greedy corporations: desperate situations of poverty, homelessness, disease, environmental degradation, child and adult rapes of different magnitudes, mass graves, atrocities you cannot ever imagine occur in wars and lead to the increase in terrorism.  The people there do not want what you have, they just want you to leave them alone so they can fend for themselves.  Yet, the only six corporations that own all of corporate media and who have a huge hand in the weapons of mass destruction industry, the oil industry and the underground narcotics industry continue to spew their lies that there are terrorists out there to get us so that they can convince us to consent to whatever their bought out politicians order us to do. 

Instead we need to stop being slaves to the corporate world.  I am not saying we have to kill them all or leave them forever but we must educate ourselves with knowlege that comes not from corporate sources but from independent sources such as the largest non-governmental, non-coroporate, non-profit American media source Linktv.org and democracynow.org

and take America back and create peace in the world with our new found educated choices in the realm of voting to the realm of consumption such as what we consume every day.

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