Antigun advocate zeroes in on Ruger, Smith Wesson, and Olin
De Blasio Slams Financial Firms Buying up Gun Stocks After Newtown
The above headline leads to the story about NYC public advocate Bill De Blasio naming and shaming institutional and hedge fund investors in Ruger, Olin, and Smith Wesson. These are the only three companies identified. I wondered to myself why he didn't mention Glock, Luger, Remington, Walmart, or Cabelas, Does he have any financial relationship with any hedge funds or institutional investors who might benefit from his actions? Would it surprise me?
Yep, and when the law can't get guns or ammo themselves (which is probably occurring) or manufacturers take a stand and don't allow sales to law enforcement they will certainly find themselves in a pickle. Maybe he should tell the Federal gov't not to buy arms or ammo for the military too.
In less than 6 months this will all be be history, proven to be nothing but a tempest in a teapot, and time to move on to the next hot issue de jour. Honestly, gun control was a priority on Obama's and the Democrats' agenda with or without the sad Sandy Hook massacre. Once he was re-elected, it was coming one way or another. Sandy Hook simply moved up the timing to sooner rather than later. It probably works to the benefit of gun owners that it arose sooner, since Obama and his toadies now are expending a lot of political capital early in his second term, which is better than him saving up for a rainy day. He's wasting ammo. Remember: Keep your powder dry.
In most countries, it is the right wing conservatives who want gun control and the liberals oppose it as infringement of individual rights. In the US it is now generally the reverse. Of course, it was that Democrat liberal fanatic, Thomas Jefferson, who pushed for the Bill of Rights addition to the Constitution. It is good to see the ACLU acting to defend all the rights therein.
Rahm Emanuel using coercion against banks and gun makers
The above headline links to an article about Chicago Mayor Rahm Emanuel targeting two gun companies, Sturm Ruger, and Smith Wesson. He makes no mention of any others, such as Glock,Luger, etcetera, nor does he mention Cabela's or Walmart. I believe it is no coincidence that the Mayor is attacking the same two companies as the New York Public Advocate. The attack is tightly focussed, and serves the interests of short sellers.