Wow, just wow!! Stricter gun control settings equal greater financial benefit for Obama…
The New American reports:
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.”
A 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.
Read More: http://thenewamerican.com
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