Obama Profiting from Gun Control: Owns Stock in Gun and Ammo Manufacturers – Minutemen News
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.
Source: Obama Profiting from Gun Control: Owns Stock in Gun and Ammo Manufacturers – Minutemen News
