By
G. McConway
|
January 7, 2023

REPORT: Lawmakers Make Killing on Defense Contractor Stocks

When the big omnibus bill be hitting the floor, Senator Mitch McConnell (R-KY) was all aboard.

He could have cared less about all the fat spending on the discretionary side of the bill.

At the time he backed the bill, I even stated all he was worried about was the defense spending because it meant he got his kickbacks from defense contractors and defense lobbyists.

I forgot one more area, which is where they really make a killing.

Pay Me

McConnell tried to sell that pig with lipstick as a big winner for the American people, but it was anything but.

Hundreds of billions of taxpayer money is getting flushed into Democrat pet projects.

More than $800 billion, however, is going out to defense contractors, and that means our politicians who have stock in the companies that get some of that money are all making out like bandits in the night.

For instance, Rep. Earl Blumenauer (D-OR) has had an average return of 40 percent on his defense contract stocks since 2021. That is not because he is brilliant, trust me.

And this issue goes right across the aisle. Rep. Marjorie Taylor Greene (R-GA), who pretends to be against the machine, is full of it. She snagged an excellent return of 35.5 percent on stocks related to legislative issues. Now you know why she chose Congress over her husband.

Rep. Cindy Axne (D-IA) made a killing on Lockheed Martin stock after the company received funds as part of a supplemental package and emergency funding in September for $12 billion in weapons for Ukraine.

As I noted, this list is long and has people on both sides of the aisle.

When you get some free time, check out the entire report on the Daily Caller so you can see who is laughing all the way to bank.

Source: Daily Caller

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