"The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses... This little coterie...run our government for their own selfish ends. It operates under cover of a self-created screen...seizes...our executive officers...legislative bodies...schools... courts...newspapers and every agency created for the public protection.”              ~ N.Y. Mayor, John Hylan - (1868-1936)               Lawmakers heavily invested in defense WASHINGTON - Members of Congress have as much as $196 million collectively invested in companies doing business with the Defense Department, earning millions since the onset of the Iraq war, according to a study by a nonpartisan research group. have at one point received defense-related contracts, notes the report by the Washington-based Center for Responsive Politics. The center's review of lawmakers' 2006 financial disclosure statements suggests that members' holdings could pose a conflict of interest as they decide the fate of Iraq war spending. Several members earning money from these contractors have plum committee or leadership assignments, including Democratic Sen. John Kerry, independent Sen. Joseph Lieberman and House Republican Whip Roy Blunt. The study found that more Republicans than Democrats hold stock in defense companies, but that the Democrats who are invested had significantly more money at stake. In 2006, for example, Democrats held at least $3.7 million in military-related investments, compared to Republican investments of $577,500. Overall, 151 members hold investments worth $78.7 million to $195.5 million in companies that receive defense contracts that are worth at least $5 million. These investments earned them anywhere between $15.8 million and $62 million between 2004 and 2006, the center concludes. It is unclear how many members still hold these investments and exactly how much money has been made. Disclosure reports for 2007 aren't due until this May. Also, members are required to report only a general range of their holdings. According to the report, presidential hopefuls Barack Obama and John McCain did not report any defense-related holdings on their filings; Hillary Rodham Clinton did note holdings in such companies as Honeywell, Boeing and Raytheon, but sold the stock in May 2007. All candidates three are members of the Senate. Earning dividends from companies tied to the military "could be problematic" for lawmakers who oversee defense policy and budgeting, noted the center's Lindsay Renick Mayer. Avoiding every company with a military contract, however, would not be easy for an investor. "So common are these companies, both as personal investments and as defense contractors, it would appear difficult to build a diverse blue-chip stock portfolio without at least some of them," Mayer wrote Kerry, D-Mass., a member of the Senate Foreign Relations Committee, is identified as earning the most — at least $2.6 million between 2004 and 2006 from investments worth up to $38.2 million. Spokesman David Wade said Kerry, who staunchly opposes the war in Iraq, is one of many beneficiaries of family trusts that he doesn't control. Wade also noted that Kerry does not sit on the Appropriations Committee, which has direct control of the defense budget. "He has a 24-year Senate record of working and voting in the best interests of our men and women in the military, not of any defense contractors," Wade said. Lieberman, I-Conn., chairman of the Senate Homeland Security and Governmental Affairs Committee and a member of the Armed Services Committee, held a considerably smaller share at $51,000. A spokesman said the senator, who supports continued operations in Iraq, is "careful to make his policy decisions based only on what is best for the country." A spokesman for Blunt, R-Mo., a senior member of House GOP leadership who held at least $15,000 in Lockheed Martin stock in 2006, said the insinuation that lawmakers' votes might be affected by their portfolios is "offensive." Like Lieberman, Blunt has been a fierce supporter of the war. "I don't pretend to speak for other offices, but I am fairly certain that no member would consider their personal finances when voting on issues as important as sending our men and women in uniform into harm's way," said Blunt spokesman Nick Simpson. The Lockheed Martin stock was given to Blunt's wife by her mother, he said. By ANNE FLAHERTY, Associated Press Writer <                     FOLLOW THE MONEY For the Nation's Most Complete Resource for Information on Money in State Politics CLICK HERE From aircraft and weapons manufacturers to producers of medical supplies and soft drinks, the investment portfolios of more than a quarter of Congress—and of countless constituents—include holdings in companies paid billions of dollars each month to support America's military in Iraq and elsewhere. Member of Congress Minimum Value of Investment Maximum Value of Investment Sen. John Kerry (D-Mass) $28,872,067 $38,209,020 Rep. Rodney Frelinghuysen (R-NJ) $12,081,050 $49,140,000 Rep. Robin Hayes (R-NC) $9,232,037 $37,105,000 Rep. James Sensenbrenner Jr. (R-Wis) $5,207,668 $7,612,653 Rep. Jane Harman (D-Calif) $2,684,050 $6,260,000 Rep. Fred Upton (R-Mich) $2,469,029 $8,360,000 Sen. Jay Rockefeller (D-WVa) $2,000,002 $2,000,002 Rep. Tom Petri (R-Wis) $1,365,004 $5,800,000 Rep. Kenny Ewell Marchant (R-Texas) $1,163,231 $1,163,231 Rep. John Carter (R-Texas) $1,000,001 $5,000,000 Includes investments in companies with DOD contracts of $5 million or more, according to 2006 data on FedSpending.org. Members of Congress must report their personal finances annually. Holdings shown here were as of December 31, 2006. The ORIGINAL Mother's Day Proclamation: CLICK HERE               History of Public Schools (The Underground)              THE DRUG STORY CLICK HERE Who CAN we Trust?

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