As you well know, the Left has been feasting on the rotting corpse of Karl Marx for over 100 years. In that entire time, they haven’t had a single original thought. Can’t they see that their ideas NEVER EVER work? That they have NEVER worked, which strongly suggests that they NEVER will work? Seriously, it’s ridiculous. Yet, liberals insist on talking down to the rest of us, without realizing how painfully obvious it is that they are dimwits who never learn from their mistakes.
One recent example involves their latest jihad against the Second Amendment. One of those in the vanguard, is Chicago Mayor and former Obama Chief of Staff, appropriately since he is the guy who reminded his lefty friends to “never let a crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” As in, exploit every tragedy and strike while emotions run high before the public has an opportunity to engage their brains and realize that what is being proposed would be a disaster. From Bloomberg/Business Week:
As Bloomberg News reported on Jan. 14, Rahm Emanuel, the mayor of Chicago, has appointed himself the field general of a nascent financial war on the firearm industry. Elected officials and pension system executives in New York, California, and Massachusetts are reviewing their gun investments or actively removing firearm companies from their portfolios. ”We cannot support or invest in companies that profit from the proliferation of assault weapons and the violence these guns bring to our communities,” Emanuel said. On Jan. 24, Emanuel took an even more aggressive step, as reported by the New York Times:
Fresh from persuading a $5 billion pension fund in Chicago to divest from companies that make firearms, the city’s mayor, Rahm Emanuel, on Thursday urged the chief executives of two major banks to stop financing companies “that profit from gun violence.” Mr. Emanuel sent letters to TD Bank (TD), which provides a $60 million credit line to Smith & Wesson (SWHC), and to Bank of America (BAC), which provides a $25 million line to Sturm, Ruger & Company (RGR), asking the C.E.O.s to push the companies to “find common ground with the vast majority of Americans who support a military weapons and ammunition ban.
The writer, Paul Barrett, points out that back in the 1990’s, the gun grabbers were hoping to use the Tobacco litigation as a model to sue the gun industry out of existence. Barack Obama was an enthusiastic proponent of this strategy. Unfortunately for them, and fortunately for freedom, these lawsuits were non-starters because (1) judges were unwilling to hold manufacturers of a legal product responsible for its misuse by criminals and wackos and (2) this litigious mischief inspired the NRA and other 2nd amendment right proponents to pass laws shielding gun manufacturers from liability. So
The relevant lesson from the 1990s’ municipal gun litigation is that by attacking the firearm industry as a whole—and looking away from the criminals who pull triggers—politicians provided the NRA and the gun industry with a cause to rally their loyalists. Rather than split the industry away from the gun lobby, as they aimed to do, the proponents of the litigation bound the two closer together. Indeed, one major company that tried to settle the litigation through compromise, Smith & Wesson, was punished furiously by consumer boycotts and nearly driven out of business. S&W’s troubles did nothing to reduce the prevalence of firearms in private hands. Its struggles became a boon to Smith & Wesson’s main competitor, Glock, which saw its sales increase. (I discuss this episode in detail in my book, Glock: The Rise of America’s Gun.)
Today, if investor activism has some marginal effect on the stock price of the two publicly traded U.S. gun manufacturers, Smith & Wesson and Sturm Ruger, that will come only as good news for Glock, Beretta, and other privately held rivals. Yes, Cerberus says it’s going to back out of its Freedom Group roll up—a planned initial public offering that didn’t come about for reasons having nothing to do with Newtown. But when the constituent parts of that ungainly conglomerate are sold off, it’s far from obvious that the break-up will hurt sales of Bushmaster rifles. In the short run, the Bushmaster and similar weapons are selling out at retail stores across the country.
Keep it up, loudmouth leftists. The more you pop off, the more energized we become.