Posted on 01/15/2013 10:13:26 AM PST by Zakeet
Mayor Rahm Emanuel has ordered an analysis of Chicago's city employee pension funds to see if they hold companies that make or sell assault weapons. If so, he wants them sold.
Emanuel spoke on Monday in Washington about his support for new gun control measures. He participated in a panel with the Center for American Progress Action Fund to talk about his role in getting the Assault Weapons Ban passed in 1994, when he was senior adviser to President Clinton.
The mayor spoke on the political lessons learned during the passage of that bill and how the dialogue in Washington D.C. needs to shift in order to enact legislation to reduce gun violence.
He says legislation should focus on limiting criminal access to guns. Separately his office announced that Emanuel ordered the pension fund analysis as a "first step" in removing the companies from city investment plans.
The mayor said the city shouldn't invest in companies that "profit from the proliferation of assault weapons." The five city funds are worth more than $13.5 billion.
Emanuel said last week that he is working on a gun control ordinance for the city after an assault weapons ban stalled in the Illinois General Assembly. He is expected to introduce that ordinance at the next City Council meeting. It will include a call on city pensions and retirement fund managers to review their portfolio of investments and eliminate companies that make or sell assault weapons.
(Excerpt) Read more at myfoxchicago.com ...
I'm going to reduce the murder rate in my cesspool city by making its pension funds even broker by not letting them invest in the only segment of this sorry economy that's booming!
These monsters don’t give a damn about children being shot in Chicago. They really don’t.
Yeah, Twinkle Toes, dump stock in companies that actually make a profit and invest in “Green” industry..... that will fix your problems.
This is such political theater. Chicago had 506 murders last year, almost all of them between young, black or latino gang members and drug dealers shooting each other with cheap stolen pistols. Emanuel isn’t able to control the gang carnage even if he makes murder double illegal and guns super illegal. So what to do? Let’s invent an “assault weapon” crisis. It’s much easier to demonize inanimate objects owned by citizens than it is to deal with the real gun violence problem; out-of-control, fatherless Chicago youths.
I hear there’s some Solyndra stock for sale. LOL!
And after the pension plans lose a lot of money, then I will make the US taxpayers make up the difference! I can do that, because I have friends in high places!
And guess what, he does.
Because a ban on guns has worked so well in Chicago.
“Assault weapon, excuse me do you mean a “defense weapon?”
The weakest man or woman with a gun is not to be trivialized. The strongest man at a gun fight without a gun is its first casualty.
Very appropriate that he is pictured with fruit.
Yeah, I'm sure criminals will pay attention to new legislation telling them they can't own a gun. Criminals are known for following the rules.
Maybe we should write laws telling lowlifes they can't kill people or rob them... then we wouldn't have to write gun laws...
Oh wait, those laws on on the books and sociopathic killers and thieves ignore them..
CALPERS is doing the same thing. They’ve already lost money on their other socially driven investment decisions. That would be against the law for retirement advisors to make decisions based on anything other than making good investment returns, but since the taxpayers are on the hook for losses they get away with it.
CALPERS is doing the same thing. They’ve already lost money on their other socially driven investment decisions. That would be against the law for retirement advisors to make decisions based on anything other than making good investment returns, but since the taxpayers are on the hook for losses they get away with it.
I’m a bit curious. What percentage of Chicago’s murders are comitted by white people?
Method to their madness - divest themselves of stock in any entity they plan to destroy...
Twenty-two killed by guns in Chi-congo and January is not even over.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.