"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, February 21, 2013

Democrats use union pension funds to attack guns

Idiot Leftist Democrat California 
State Treasurer Bill Locker

The People's Republic of California
Insane Leftist Socialist Democrats sell pension fund stock holdings in gun manufacturers

- - - Gun stocks will simply change hands to a new owner.  But insane liberalism is all about "feeling good".

The investment committee of Calpers, the biggest American pension fund, voted Tuesday to divest itself of its holdings in two manufacturers of guns and high-capacity ammunition clips that Leftist Democrats in the People's Republic of California want outlawed.

The move affects about $5 million in investments in the Smith & Wesson Holding Corporation and Sturm, Ruger & Company at the $254 billion California Public Employees’ Retirement System, known as Calpers.
The vote followed a divestment motion by the Big Government Leftist Socialist California State Treasurer, Bill Lockyer, a Calpers board member and investment committee member.
The Leftist Lockyer said the action by Calpers would be largely symbolic given the amount of money involved, but he told fellow investment committee members that it would hold “special meaning” for school faculty and employees who are pension fund members reports the New York Times.
Lockyer also sits on the board of the California State Teachers’ Retirement System, which decided last month to divest itself of its holdings in makers of firearms and high-capacity ammunition clips that are illegal in California.
Treasurer Bill Lockyer is
today's winner.
Last Friday, New York City’s Leftist wacko comptroller, John C. Liu, said that the city’s $46.6 billion teachers’ pension fund was pulling its money out of publicly traded firearms manufacturers. Mr. Liu said the five companies from which the fund withdrew were Alliant Techsystems, Olin, Forjas Taurus, Smith & Wesson and Sturm, Ruger. 

Under pressure from the second-largest U.S. public pension fund - the California State Teachers' Retirement System (CalSTRS), U.S. private equity firm Cerberus Capital Management said days after the massacre in Connecticut that it would sell gunmaker Freedom Group, which made the brand of semi-automatic rifle.
Cerberus has not completed its sale of Freedom, CalSTRS spokesman Ricardo Duran told Reuters. Duran would not comment on the details of any possible sale but said CalSTRS is monitoring the progress.
"We're confident that they'll be able to do this in a fairly timely manner," Duran said. "We don't want to push them. We don't want to be driving the sale of this."
CalSTRS wants to get a fair market price and understands that a sale takes time, he said. A Cerberus spokesman did not immediately return a call for comment.
New York City's teacher pension fund is also invested in gun retailer Wal-Mart Stores Inc., but a spokesman for Liu would not comment on whether the fund is reviewing its holdings of gun sellers.
Charlton Heston:   "From My Cold Dead Hands."
"A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government."
George Washington

"Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are ruined.... The great object is that every man be armed. Everyone who is able might have a gun."
Patrick Henry

"To preserve liberty, it is essential that the whole body of the people always possess arms, and be taught alike, especially when young, how to use them."
Richard Henry Lee

"Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms."
James Madison

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