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Tue Jan 14, 2020, 08:12 AM

After Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high.



After Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high.

Raytheon also just happens to be Defense Secretary Esper's former employer.
https://www.citizensforethics.org/mark-esper-raytheon-weapons-lobbyist/


By Jordan Libowitz and Linnaea Honl-Stuenkel
January 13, 2020
Following the targeted killing of Iranian General Qassem Soleimani by American military forces on January 3rd, weapons manufacturer Raytheon’s stock shot up, closing at a record high. The man in charge of the Pentagon, Defense Secretary Mark Esper, spent years as Raytheon’s top lobbyist before joining the Trump administration. Esper’s former employment casts a shadow over every decision he makes as Secretary of Defense, and the people investing in his former company are betting on business being good under Esper.



When Esper was preparing to leave Raytheon to join the government, he reported that he was paid $1,524,018 in salary and bonuses. His job, as he described it, was to be “Responsible for company interactions with members of Congress and their staff at the Federal level and with all state and local elected officials and their staff.” Now that he’s Defense Secretary, he does a lot more than interact with members of Congress and their staff—he is the principle defense policymaker and adviser, and in charge of signing off on massive government contracts.

This is not to say that Esper is necessarily pushing military options which would benefit his former employer. This is also not to say that Esper is alone in the administration as a former lobbyist, in fact, a ProPublica analysis found that the Trump administration has hired 281 lobbyists, often regulating the industries they work for. However, when the former lobbyist in question is now the Secretary of Defense, the risks are magnified. Every action he takes must be scrutinized through the lens of Raytheon’s benefit. In his confirmation hearing, Esper flat out said that he would not recuse himself from matters involving Raytheon for the “duration of his government service.”

In his farewell address, President Dwight D. Eisenhower, a former five star general and Supreme Commander of the Allied Forces in Europe during World War II, warned, “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.” A weapons lobbyist turned defense secretary is exactly what Eisenhower warned the nation about.

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Reply After Soleimani was killed, on Janurary 3rd, Raytheon stocks shot up to a record high. (Original post)
CousinIT Jan 14 OP
randr Jan 14 #1
Mike 03 Jan 14 #2
in2herbs Jan 14 #3
Wawannabe Jan 14 #4
hardluck Jan 14 #5
Kaleva Jan 14 #6

Response to CousinIT (Original post)

Tue Jan 14, 2020, 08:45 AM

1. You have to wonder how many of Trumps Mara Lago cronies took advantage of this

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Response to CousinIT (Original post)

Tue Jan 14, 2020, 09:21 AM

2. Kick and rec

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Response to CousinIT (Original post)

Tue Jan 14, 2020, 09:37 AM

3. Another item Lieu can add to his investigation about stock market manipulation by the

Trump and his administration.

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Response to CousinIT (Original post)

Tue Jan 14, 2020, 10:21 AM

4. Fuck

 

We are all being raped!

Money. It’s all about money. FFS!

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Response to CousinIT (Original post)

Tue Jan 14, 2020, 01:45 PM

5. So it closed up 1.48% on a day the NYSE was up 1.2%

Why is this an issue?

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Response to hardluck (Reply #5)

Tue Jan 14, 2020, 03:06 PM

6. I don't see why this is an issue either.

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