The price of moral grandstanding on guns
Four years ago, the price of Smith & Wesson stock was $2.45. Last week it was $8.76, up 258 percent. Four years ago, the price of Sturm Ruger stock was $6.46. Last week it was $51.09, up 691 percent. The Wall Street Journal reports that even before “a $1.2 billion balloon payment for pensions comes due” in 2015, “Chicago’s pension funds, which are projected to run dry by the end of the decade, are scraping the bottoms of their barrels.”
Nevertheless, liberals are feeling good about themselves — the usual point of liberalism — because New York state’s public pension fund and California’s fund for teachers have, the New York Times says, “frozen or divested” gun holdings, and Calpers, the fund for other California public employees, may join this gesture jamboree this month. All this is being compared to the use of divestment to pressure South Africa to dismantle apartheid in the 1980s. Well.
Apartheid was a wicked practice. Guns are legal products in America, legally sold under federal, state and local regulations. Most of the guns sold to Americans are made by Americans. Americans have a right — a constitutional right — to own guns, and 47 percent of U.S. households exercise that portion of the Bill of Rights by possessing at least one firearm.











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But they diversified their retirement portfolios by investing in “good” things such as Air America and Solyndra.
Bishop on February 2, 2013 at 2:02 PM
And Obama makes you all his target.
Schadenfreude on February 2, 2013 at 2:11 PM
It is immoral to allow a fool to keep his money.
I love stupid leftists.
Schadenfreude on February 2, 2013 at 2:11 PM
There is not down side for their gesture, no matter what happens the taxpayer is going to bail them out.
Cindy Munford on February 2, 2013 at 2:12 PM
The schadenfreude when all the financial incest comes crashing down… It will be glorious, with the only drawback being that my old man’s retirement is in STRS. Guess I’d better get cracking on a fat, independently earned paycheck of my own.
Atlas on February 2, 2013 at 2:13 PM
Obama does skeet shooting
HT: MichelleMalkin.com
petefrt on February 2, 2013 at 2:18 PM
Maybe I should buy some gun stock now. And why aren’t these manufacturers expanding production lines? And if hey are, why aren’t they expanding them further?
besser tot als rot on February 2, 2013 at 2:35 PM
Let’s be honest: Proppressives are fascists at heart.
Galt2009 on February 2, 2013 at 3:07 PM
Apartheid was a response to the knowledge that without laws separating the races, Whites would be ethically cleansed from their land if they could not protect themselves from blacks. Rhodesia is a perfect example of this process, the ethic cleansing is nearly complete. Detroit which in the 1950′s was 80% White is now 95% black is another.
While it is popular to look down ones nose at Apartheid, we accept as normal “no-go” zones in our major cities (Detroit, New York, Philadelphia, Atlanta, Birmingham, etc., when the population demographically flips to majority black and Whites MOVE AWAY, i.e. Physical Apartheid.
Here is an except from Venkatesh’s book “Gang Leader For a Day”:
Or Detroit Daily News:
Is Desiring to live separate from dysfunctional people deemed “racist”? Was it racist for the Jews to wish to flee Nazi Germany? Whites in the USA use euphemisms like “good schools” or “Low crime areas” to raise their children, meaning physical Apartheid.
Bulletchaser on February 2, 2013 at 3:27 PM
Would you expand your production of anything if you weren’t sure your product was actually going to be legal tomorrow?
gryphon202 on February 2, 2013 at 3:55 PM
Which even hard-left libtards practice because they don’t want their children going to school with a bunch of unreformable, undisciplined products of the welfare system.
Liberals are just smart enough to avoid their own messes (in this case, not always) and flee when they can’t avoid them. They are not, however, smart enough not to make messes when they get the reigns of power.
MelonCollie on March 17, 2013 at 11:40 PM