Skip to comments.THE PRICE OF MORAL GRANDSTANDING
Posted on 02/05/2013 6:12:06 PM PST by neverdem
Politics becomes amusing when liberalism becomes theatrical with high-minded gestures. Chicagos government, which is not normally known for elevated thinking, is feeling so morally upright and financially flush that it proposes to rise above the banal business of maximizing the value of its employees and retirees pension fund assets. Although seven funds have cumulative unfunded liabilities of $25 billion, Chicago will sacrifice the growth of those assets to the striking of a political pose so pure it is untainted by practicality.
Emulating New York and California, two deep blue states with mammoth unfunded pension liabilities, Chicago Mayor Rahm Emanuel has hectored a $5 billion pension fund into divesting its holdings in companies that manufacture firearms. Now he is urging two large banks to deny financing to such companies that profit from gun violence. TD Bank provides a $60 million credit line to Smith & Wesson, and Bank of America provides a $25 million line to Sturm, Ruger & Company.
Chicagos current and retired public employees might wish the city had invested more in both companies. Barack Obama, for whom Emanuel was chief of staff, has become a potent gun salesman because of suspicions that he wants to make gun ownership more difficult. Since he was inaugurated four years ago, there have been 65 million requests for background checks of gun purchasers. 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, Chicagos pension funds, which are projected to run dry by the end of the decade, are scraping the bottoms of their....
(Excerpt) Read more at humanevents.com ...
Now he is urging two large banks to deny financing to such companies that profit from gun violence. TD Bank provides a $60 million credit line to Smith & Wesson, and Bank of America provides a $25 million line to Sturm, Ruger & Company.Hey, rahm - Do you know how to say TORTIOUS INTERFERENCE?
Tortious interference with business relationships occurs where the tortfeasor acts to prevent the plaintiff from successfully establishing or maintaining business relationships. This tort may occur when a first party's conduct intentionally causes a second party not to enter into a business relationship with a third party that otherwise would probably have occurred. Such conduct is termed tortious interference with prospective business relations, expectations, or advantage or with prospective economic advantage.wikipedia article
How, may I ask, did you come to that conclusion from this piece?
The man is and has been, anti freedom as long as I can remember, I am nearly 60 years.
The problem with George Will is he's not a ranting idiot, and, along with Krauthammer, not being a ranting idiot can get one branded a RINO by the purity police.
Much to my chagrin, I found it numerous times in other columns.
I'll need to give your rant some thought.
A quick research and consultation with the googles offers much disagreement with your statement. Indeed, it's quite difficult to find a single vowel penned by Mr. Will that is anti-second amendment.