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Monday, February 8, 2016

Obama Profiting from Gun Control: Owns Stock in Gun and Ammo Manufacturers

obama funny pictures (7)
Wow, just wow!!  Stricter gun control settings equal greater financial benefit for Obama… 


 While with his infamous “pen and … phone” President Barack Obama has acted to limit the availability of guns and ammunition; with his investments he profits from the purchase of both these objects which have “taken a heartbreaking toll on too many communities across the country.”
special report published by Reuters on February 5 reveals that President Obama owns stock in a couple of manufacturers of guns and ammunition. 
From Reuters:
From his days in the Illinois General Assembly, President Obama has up to $100,000 invested in a nearly $16 billion state pension plan, which has about $5 million invested directly in several gun and ammo makers. The retirement plan, which covers state employees, judges and the general assembly, also holds shares in a small-cap mutual fund with a $9.5 million stake in Smith & Wesson.
While this is admittedly a minuscule amount of money for one a man of the president’s net worth ($7 million as of 2014), the inconsistency between his advocacy of tighter gun controls and his increase in personal prosperity from the increased demand for weapons and ammunition is noteworthy.
As The New American has reported, President Obama has signed numerous executive orders (edicts masquerading as valid law) restricting the right of Americans to purchase, sell, trade, and own firearms and the ammunition that make them useful. 

Such a seizure of power is inarguably tyrannical. While there may be millions who depend on the tyranny for their living and millions of others who support the tyrant’s usurpation as something good, there can be no doubt that for a president to issue fiats from the White House effectively repealing the Second Amendment is the act of a tyrant.
As with most of the notorious tyrants of history, President Obama draws near to the people with his lips, but his heart is set on lining his own pockets. Nowhere is this hypocrisy more evident than in the revelation of his ownership of stock in manufacturers of firearms and ammunition.
The effect on the bottom line of these companies since Barack Obama settled in the Oval Office is remarkable. Again, as reported by Reuters:
Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation’s two largest gun manufacturers with publicly traded shares, Smith & Wesson Corp and Sturm, Ruger & Co. That means such stocks are now common in retirement and college savings plans. 

The influx has helped to boost both companies’ shares by more than 750 percent during the Obama presidency; each now has a market value of about $1 billion.

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