What can it mean for doing business in Washington, DC, that the “blind trusts” of elected officials favor the corporations that receive the most benefits from doing business with and receiving aid from the largest public purse in the world?

The Center for Responsive Politics tells us that for the first time (in 2012, the last year for which personal finance data was reported) more congressional representatives and senators in the United States are millionaires than not. Prior to that, the non-millionaires slightly outnumbered the millionaires. This is a historical first but it just confirms what we have all known, which is that it\’s easier for a poor citizen to thread an electronic benefits card through the eye of a needle than it is for a truly middle class person to be elected to federal office.

How much these guys have (the median net worth of a congressional rep or senator is $1,008,767) is how they have invested it. The top ten most popular stocks owned by congressional investors are, not surprisingly, the big and liquid blue chip companies. They are also the companies most favored by the federal government.

For example, General Electric is the most popular stock amongst the federal speculating class.

via Millionaires In Congress – Our Elected Aristocracy – Esquire.