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NJ lawmaker wants state to disinvest in gun firms
AP ^ | December 21, 2012

Posted on 12/21/2012 7:05:56 PM PST by Tailgunner Joe

TRENTON, N.J. (AP) — A New Jersey state senator says the state should move investments from any company that makes or sells assault weapons.

Sen. Richard Codey told The Associated Press on Friday that the "only people who use assault weapons are mass murderers, drug dealers and cop killers."

His proposal comes in response to last week's shooting in Connecticut when a gunman killed 26 people at a school, including 20 children.

Codey said that he plans to introduce the measure next month.

The former governor, who took office because he was president of the state Senate after Gov. Jim McGreevey resigned, said weapons like the one used by that shooter have no lawful purpose for civilians.

New Jersey's pension funds are not currently invested directly in the firms that own any major gun or ammunition companies.

The state's pension investment fund did invest $125,000 in August in Olin Corp., which manufactures Winchester ammunition. But it sold the stocks two months later.

The state also has investments in a fund associated with Cerberus Capital Management. But the state's money is in a different entity from the part of Cerberus that owns gun-maker Freedom Group International. Cerberus has said it plans to disinvest its gun business.

(Excerpt) Read more at northjersey.com ...


TOPICS: US: New Jersey
KEYWORDS: banglist; guncontrol; secondamendment

1 posted on 12/21/2012 7:05:59 PM PST by Tailgunner Joe
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To: Tailgunner Joe

Buy! Buy! Buy!


2 posted on 12/21/2012 7:09:01 PM PST by E. Pluribus Unum (You cannot prevent evil. You can only defend against it.)
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To: Tailgunner Joe

Divest, only NJ will lose in the long run. The slack will be picked up by other entities.


3 posted on 12/21/2012 7:09:12 PM PST by doc1019
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To: Tailgunner Joe

I would like all leftist states to offload their firearms to the citizens who were forced to pay for them. No gun toting statists. Why not propose that if you don’t like guns?


4 posted on 12/21/2012 7:09:47 PM PST by MtnClimber (I did not vote for 0bama, someone else did that!)
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To: Tailgunner Joe

That would be brilliant.

The stock market has been artificially pumped up in part to support the payouts of pensions and benefits for government-sector unions.

The DJIA is a complete bubble.

But there are a few industries and a few corporations that are actually turning profits.

Among these are the firearms manufacturers.

And these stupid liberals, who promised more to the unions than can ever be paid, want to drop the stocks of those few companies that are actually profitable.

Liberals are so stupid that it is painful to watch them struggling to sound intelligent.


5 posted on 12/21/2012 7:12:38 PM PST by Ghost of Philip Marlowe (Prepare for survival.)
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To: Tailgunner Joe

“only people who use assault weapons are mass murderers, drug dealers and cop killers.”

And Patriots.


6 posted on 12/21/2012 7:12:58 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: E. Pluribus Unum

it will be a great time to buy gun stocks.


7 posted on 12/21/2012 7:15:16 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: doc1019

“Divest, only NJ will lose in the long run. The slack will be picked up by other entities.”

It’s the unions that will get hurt from this. And they haven’t a freaking clue that the Democrats are selling them out.

This would be a very good time to run ads telling the unions they were sold out.


8 posted on 12/21/2012 7:16:31 PM PST by EQAndyBuzz (You can't bring something to its knees that refuses to stand on its own)
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To: Tailgunner Joe
Dump those stocks at a loss! It's for the children. Please. Put them on the market for 10% less than market value to get rid of them.

Pretty please?

/johnny

9 posted on 12/21/2012 7:24:52 PM PST by JRandomFreeper (Gone Galt)
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To: Tailgunner Joe

NJ should invest its money in profitable entities like wind turbines and solar panel makers.


10 posted on 12/21/2012 7:29:44 PM PST by depressed in 06 (America conceived in liberty, dies in slavery.)
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To: Tailgunner Joe

Another brilliant politician.

One of the very few industries that is going gang busters and making money. One of the few reliable growth markets. Let’s cut off our nose to spite our face.

Thank gawd these idiots do not manage our money. Oh wait!


11 posted on 12/21/2012 7:35:06 PM PST by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: Tailgunner Joe

“New Jersey’s pension funds are not currently invested directly in the firms that own any major gun or ammunition companies.”

Too bad, they would be doing pretty good right now. By the way, Mr.cody, I am not a drug dealer, mass murderer, or a cop killer, but I do enjoy range time with my AR15’s.


12 posted on 12/21/2012 7:39:23 PM PST by jughandle
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To: Tailgunner Joe

“A New Jersey state senator says the state should move investments from any company that makes or sells assault weapons.”

Perhaps all New Jersey governmental entities should also divest themselves of the products made & sold by “gun firms”.

Use the proceeds from the sales to make large, colorful, ecologically friendly signs to place at the NJ state line road crossings:

“Welcome to New Jersey! We (at least our law enforcement personnel) are a gun-free zone!”

“aggravated assault n. the crime of physically attacking another person which results in serious bodily harm and/or is made with a deadly or dangerous weapon such as a gun, knife, sword, ax or blunt instrument.”

http://legal-dictionary.thefreedictionary.com/Aggravated+Assault

“...any company that makes or sells assault weapons.”, senator? By the above definition, you will need to dump your stock in Ginsu knives, True Temper axes, Louisville Slugger baseball bats, and Callaway golf clubs. And we must not forget “Col. Mustard in the library with the lead pipe”.

There goes the plumbing supply industry.


13 posted on 12/21/2012 7:46:48 PM PST by BwanaNdege ("To learn who rules over you simply find out who you are not allowed to criticize"- Voltaire)
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To: Tailgunner Joe

That reminds me, I need to get more ammunition before the price goes up. Merry Christmas to all Second Amendment brothers and sisters!


14 posted on 12/21/2012 8:01:30 PM PST by popdonnelly
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To: Tailgunner Joe

I don’t mind them cutting off their own noses to spite their faces but couldn’t they aim a little lower?!


15 posted on 12/21/2012 8:02:12 PM PST by rockrr (Everything is different now...)
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To: Tailgunner Joe

So, this guy just called every police department in the United States a gang of mass murderers. I’m sure his second action is to strip all law enforcement of these murder machines - right?

Oh, right, rules for you, rules for us, all equal, but some are always going to be more equal...


16 posted on 12/21/2012 8:07:32 PM PST by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: E. Pluribus Unum
Will he have them disinvest in any company that makes cars or liquor or is in the medical field? Because those kill many more than guns do. What a maroon, joker, nut-job or to put it simply liberal.
17 posted on 12/21/2012 8:33:13 PM PST by Mastador1
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To: Tailgunner Joe

Cody is usually sticking his nose into mental health issues and preaching about better MH services, especially since his wife has suffered fom chronic depression - must be finding there are more votes in going after guns than in looking after the mentally ill......


18 posted on 12/21/2012 9:22:53 PM PST by Intolerant in NJ
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To: Secret Agent Man
>”it will be a great time to buy gun stocks”<

Collapsible or folding?

19 posted on 12/21/2012 10:52:52 PM PST by Kickass Conservative (They Live, and we're the only ones wearing the Sunglasses...)
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To: Tailgunner Joe

Even among the assortment of freaks in both political parties in Trenton, Codey is a stand-out.


20 posted on 12/21/2012 10:54:00 PM PST by ZULU (See video: http://gatesofvienna.blogspot.com/2012/09/the-first-siege-of-vienna.html)
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To: Tailgunner Joe
Piling on like flies to sh##. Trying to top son of scfachime in NY. Empty heads prevail
21 posted on 12/22/2012 2:59:57 AM PST by ronnie raygun (Being Breitbart)
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To: Tailgunner Joe

Many gun advocates, as well as advocates of many other rights, have already divested from NJ; I’m just glad NJ’s pension funding is sound enough that they can drop such strong performers.../s


22 posted on 12/22/2012 4:45:40 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: kearnyirish2

Personally, I’d like to see all gun manufacturers move out of those liberal hell holes and go to states where they are appreciated. Once the sales tax, payroll tax, real estate tax and what ever additional tax the gun mfgr’s pay to the state, perhaps the do-gooders will see the light. Not much chance in that!


23 posted on 12/22/2012 6:10:26 AM PST by Progov
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To: Progov

“Personally, I’d like to see all gun manufacturers move out of those liberal hell holes and go to states where they are appreciated.”

I always assumed they manufactured closest to their customers, but then again many of their customers would be law enforcement qand such. I’d also think they knew to stay away from high-tax areas.


24 posted on 12/22/2012 8:37:21 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Progov

“Personally, I’d like to see all gun manufacturers move out of those liberal hell holes and go to states where they are appreciated.”

I always assumed they manufactured closest to their customers, but then again many of their customers would be law enforcement qand such. I’d also think they knew to stay away from high-tax areas.


25 posted on 12/22/2012 8:41:12 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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