Donald Trump owns stock in the Tomahawk missiles he used in Syria

Donald Trump’s financial entanglements have been the focus of consistent controversy since he took office. He claimed he was putting his assets in a “blind trust” which was later revealed not to be one (source: Chicago Tribune). He’s also been accused of using his office to enrich his hotels. But we’ve now reached the phase where Trump has ordered military action which has given direct financial benefit to a company that he owns stock in.

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Last night Donald Trump fired fifty-nine Tomahawk missiles at a Syrian air base. But according to the Washington Post (link), they were a poor choice of weaponry under the circumstances, because Russia has S-400 surface to air defense technology in place in Syria which could easily have shot them down. In addition, Reuters is reporting that the Syrian air base was barely harmed (link), and is already back to operational capacity today, because the Tomahawks were aimed at the least important targets on the base.

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This means that Trump went with the wrong weaponry when he ordered the Tomahawk attack (his military advisers would have explained this to him), and he used the missiles merely put on a show for TV viewers at home, rather than doing any real damage. In other words Trump just set a bunch of Tomahawk missiles on fire which, according to a recent Defense Department report (link), may have been worth as much as $93.8 million in total. Why would he do this? Well, he does own shares of stock in the company that makes the Tomahawks.

Tomahawk missiles are manufactured by Raytheon Inc., and according to this report from Business Insider (link), Donald Trump owned stock in Raytheon up through at least the start of the presidential election cycle. There is no record that he subsequently sold that stock. The Tomahawks that Trump just burned up will have to be replaced, meaning he just handed a nearly hundred million dollar payday to a company he owns stock in. Not surprisingly, shares of Raytheon spiked today (link), meaning he’s directly profiting from his Syria attack. And again, it appears the Tomahawks were not the ideal choice of weaponry for the Syria attack. Contribute to Palmer Report


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13 Comments

  1. Claudia Groh on April 7, 2017 at 5:34 pm

    It’s all staged and arrangements were made
    But are you surprised he owns stock ? I’m not he is another Chaney! Tons of money made off military arms, used or stored! That should change too! But won’t.
    Sucking to know your stock may kill someone!😣

  2. Owen on April 7, 2017 at 6:58 pm

    Brilliant work.

  3. b.price on April 8, 2017 at 11:33 am

    Does this surprise anyone? he does nothing unless he can profit. of course it was for the poor little babies.
    we all felt the pain of the innocent people of Syria but why an empty airstrip and after warning Putin?

  4. Mary forestieri on April 8, 2017 at 2:48 pm

    Figures. I’ll bet he could support me for years on money he has earned from unethical and/ or other forbidden outside sources

  5. Martin Cosentino on April 8, 2017 at 5:58 pm

    The POTUS is infected with a disease that permeates his administration. . . .He deals solely in appearances, making no substantive choices(even militarily) to demonstrate that his has a set of balls on him. To waste all of these missiles(and spike his Raytheon stock) he knew full well the Russian s-400 missiles could have taken the Tomahawks out. Again, we have collusion between Putin and Trump, playing a terribly dangerous game, while the dictator Assad continues to bomb the Syrian people.

    What did Trump intend to say to Assad???? NOTHING. . . . .What was the full effect of the Tomahawk assault??? The airfield is STILL functioning with Syrian warplanes bombing Syrians. So we have the very first US assault on the seven year old Syrian civil war accomplishing absolutely NOTHING, and showing the Grand Cheeto to be the creampuff he really is.

  6. Robert on April 8, 2017 at 9:13 pm

    So what about all this is true

    • Scifrog on April 9, 2017 at 12:43 pm

      Very little, actually.

  7. Michael g on April 9, 2017 at 7:20 pm

    Impeach!

  8. Kim on April 10, 2017 at 6:42 am

    And he hit Syria to make it look like he doesn’t care about Putin and Russia. We are no longer zoomed in and focused on the administrations ties to Russia… Now we are all about this Syrian bombing. It’s all a smokescreen…

  9. Jillian English on April 10, 2017 at 12:58 pm

    I doubt Trump thought through it in such detail. I think he was genuinely disturbed when he saw the images on TV. Still, such financial entanglements should not exist. A true blind trust is the answer. That requires a trustee take over all his assets, SELL them, and reinvest in assets that Trump wouldn’t even know the names of.

    With over 400 companies, this would be a daunting task, but doable. And, if you want to be the president of this country, you should be willing to do so. The rights of 320,000,000 people should outweigh the inconveninece of one person.

    • Jullian English on April 10, 2017 at 3:35 pm

      Kim: I agree that distracting us from Russia was certainly taken into account, either as a factor in the decision or just a bonus. Even better, attacking Syria puts the US directly at odds with Russia. What better way to demonstrate that he and Putin aren’t “bros.”

  10. Claudia Groh on April 10, 2017 at 4:16 pm

    Republicans are responsible to allow this delusional person and his pony kids and cabinet to continue. They think once they get what they want they will impeach him, whoopy shit! They all need to be arrested!

    • Stephanie Helm on April 11, 2017 at 9:18 am

      @Claudia Groh Yes they ARE RESPONSIBLE!! Look what has happened in history, when the Republicans get in office. Example 911 ring a bell???

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