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- May 22, 2012
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Democrats Vilify Guns, Own Stock in Gun Companies
by AWR Hawkins
22 Jan 2013
Several Democrats who have come out against the evils of guns since the tragedy at Sandy Hook Elementary have also made money by investing in gun companies. Many are still making money with investments in those manufacturers now, even as they attempt to ban their products.
Senator Amy Klobuchar (D-MN), for example, is a proponent of an "assault weapons" ban, who in the meantime is enjoying the money her husband makes off a $50,000 investment in the Vanguard Small Cap Growth Index fund. As of Jan. 18, that fund included 219,918 shares of stock in Ruger Firearms.
Meanwhile, Senator Clair McCaskill (D-MO) has approximately $100,000 in the iShare Russell 2000 Growth Index. That fund held 254,290 shares of stock in Ruger Firearms as of Jan. 18, along with shares of Smith & Wesson as well.
Senator Tom Harkin (D-IA) has approximately $100,000 in the iShares S&P Small Cap 600 Growth Index--a fund which was the "the 16th largest holder" of Ruger Firearms stock as of mid-January.
It's not just individual investments, either: city pensions in Mayor Rahm Emanuel's Chicago own significant shares of funds that are heavily invested in gun companies, as are city pensions in Mayor Michael Bloomberg's New York City.
[Excerpt]
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Democrats Vilify Guns, Own Stock in Gun Companies
