“New York City’s teacher pension fund has pulled its money out of publicly traded firearms manufacturers,” reuters.com reports, “becoming the largest U.S. public pension fund to do so in response to the school shootings in Connecticut, the city’s top financial officer said. The $46.6 billion fund divested all its holdings in five companies, for investments valued at $13.5 million as of January 26, a spokesman for New York City Comptroller John Liu said on Friday.”
Teachers Union Pension Fund Dumps Alliant Techsystems, Olin, Taurus, Smith & Wesson and Ruger
Robert Farago
“….its authors failed to make provisions for the exemption of police officers or the National Guard with respect to the new magazine-capacity requirements”.
Why do I suspect that if the satraps had gotten their little exemptions (and I’m sure they still will), then their response would have been somewhere between muted and nonexistent and nowhere near an open letter of synthetic indignation allegedly on behalf on John Q. Law-Abider?
If the gun companies were smart they would buy back their own stock at deflated prices and go private.
The prices aren’t exactly deflated. Ruger and S&W stock are worth about 10 times what they were 5 years ago.
Fire them all in the next election. Any one of the people in elected offices that voted for these treasonous acts needs to be removed. Recall them if its legal in your state let the people be heard!
May I respectfully suggest to the pension managers – Solar and green energy (and don’t forget the electric vehicle manufacturers)
I repeat: These people understand only one thing: MONEY. We 2A folks can be heard by a lot more of them by “speaking” with out wallets…. As in: “Sorry, you don’t get any of my money!” The impact of our collective statement can be immediate, and would spread over the mainstream media like fire in a sugarcane field…
In the past I’ve dealt with John Liu when he held a different government position in NYC. He was nice but he was also a vapid moron.
Typical Liberal reaction considering according to most reports, the Newtown shooter used a Bushmaster almost exclusively, and used no guns manufactured by any of the companies the pension fund dropped.
This is nothing more than a political statement.
The WSJ piece is worth reading, as it’s probably the best article on guns (= least slanted) to appear in the MSM in a long time.
However at this point, I am not prepared to give any democrat/progressive any slack whatever on the issue of firearms. None.
They are not to be trusted, as they’re not operating in good faith.
“should be allowed to have one of their own”
I agree. I think gunpowder and other destructive technologies have caused vast harm in this world. However, time machines don’t exist. (And these same technologies have provided many good things also.)
Anyway, if a time machine did exist, the person hypothetically using it to undo the inventions of dangerous things could first save current weapon technologies, steel, etc., and then be the only one with them in the modified time line. Then he would be ruler of the world. He’s have to hire people to make his weapons, and leave them to keep traveling around time to stop the invention of gunpowder.
The point is that the phrase “should not be allowed” does not imply that the fantasy of universal elimination of the thing is possible, but rather that the employees of state corporations have the right to violently take the things away from individuals and employees of other corporations. One should say what he really means.
if you’re not doing anything wrong, why would you object to a search?
What is it with “lawmakers” after they get elected?
Quote: “That lawmakers sponsor bills they haven’t read is common.”
My head is spinning…
Washington State wants door to door searches, Missouri Dems want confiscation in 90 days, yet we keep getting told that “no one wants to take our guns away.”
NY SAFE Act is a dagger through the heart of all gun owners. Please show your support by immediately boycotting all NY State, local, and city police agencies and departments. Do not provide them with any sales or services until the abominable NY SAFE Act is repealed. All manufacturers, distributors, and LE sales outlets need to join this effort, and every customer or potential customer should urge them to please publicize their action so that the appropriate message is clearly received.
The NRA are not the only organization out there. Many others have been saying exactly the same thing. Maybe not as loudly but they’ve said it. This is going to get UGLY long before it gets fixed if WE don’t get involved.
My man, I used to be one of those guys who thought belonging to the NRA was enough. Ever since the Journal News of Westchester/Rockland published an interactive map detailing the name, address and exact location of every pistol permit holder in 2 counties (including me) I’ve changed my tune.
Now I’m writing and calling politicians, going to rallies, sending out e-blasts to other 2A supporters, and giving as much money as I can afford to the cause (and not just the NRA, other pro-gun groups as well as Tea Party organizations and pro-gun pols. ) I’m also, politely, confronting every single anti-gun post I see from my friends on Facebook. The big surprise is I’ve turned a few of them.
I’m also taking as many fence-sitters and liberals as possible shooting. Once someone actually shoots a gun, their opinion tends to change.
This is a huge fight. We all need to be in it.
+ 1
I belong to Twelve organizations. I’ve also been writing real letters as well as e-mails. Since the savings and loan scandal days of the ninety’s. I refuse to not be heard.
Here’s what irritates me the most about gun control freaks. It’s not that they disagree with me. In a free country, that’s fine and indeed necessary. It’s not that they try to pass laws. That’s dangerous, but we can fight them. What angers me is their refusal to be honest about their agenda.
$13.5M of a $46.6B portfolio! OMG, that’s .028%! Wow, they’re taking a stand by divesting almost .03% of their portfolio! Now, that’s character!
Every time a union pulls a stunt like this, more members
get riled up and leave (or at least start pushing back).
We just need to keep reminding teachers that the NY
Teachers Union is playing chicken with their retirement
money.
I’ll stick to throwing really small lead rocks at high velocity with a “boom stick” cuz only cops have guns this is funny stuff right here…
Mikeb302000,
I noticed that you claim service in the Marine Corps. Just out of curiosity, which boot camp did you attend? What was your MOS, and what years did you serve? What units did you serve in when you got to the fleet?
In Westchester County, New York, where I have the misfortune to live, if you own more than 5 handguns you have to agree to allow the police to inspect your home to ensure the guns are “safely stored.” Which is why very few of us down here have more than 5 handguns.
Has the same Teacher Union Pension Fund sold-off their investment in businesses that are part of the military–industrial–congressional complex? Those investments have for about 70 years financially supported bringing death and destruction to millions of civilians around the world.
The mindset and attitude for Americans (especially American men) to submit to the rule of government (forget the rule of ethical law as it is not the same thing) just as have most Japanese and Englishmen is what the advocates for the modern American police-nanny fascist state desire.
As much as I enjoy reading this blog, I would be spending more time at the range instead of surfing the web if I could find ammunition to purchase. Bummer. 🙁
Have enough .22 ammo to continue for awhile with that. Also picked up a pellet rifle and a few thousand pellets. Sent an old Crosman pellet pistol out for resealing to give myself some cheap handgun practice. If things continue the path that NY has started I have two more pellet rifles in line to rebuild.
Pretty depressing coming from a gun rights guy. What you’ve described is a privilege to bear arms. Also, except for legalizing MJ, none of your proposals would do anything to reduce crime.
Many thanks for being there when we needed you most. Keep up the excellent work. TTAG is the best, period.
Good on you, Mr. Leghorn.
They can’t lose financial. They have the cities by the baIIs. Most, if not all pensions are guaranteed by (take a guess) the yous and mes of those cities and/or states. You don’t think the union members will throw the ROL out the window if their pensions are cut? If so, you are far more optimistic than I. The violence on display over “Right to Work” will be a tailgate party compared to trying to reduce pension payments.
Love this gun! I have a S&W 9 mm and a S&W 357 revolver. I wanted something for self defense to carry. This is lightweight but has no recoil. My 357 has enough kick that, as a woman, I anticipate that kick sometimes. I didn’t want to have to think about the slide being locked in on the 9 mm. I didn’t want anything that would deter me from my objective, which is to pull a trigger at close range and get the job done. The trigger is smooth and not at all hard to pull. It goes with me wherever I go. My daughter shot mine and is now buying one too. btw I only paid $450 NEW so somebody took you to the cleaners.