Joe Wolverton, II, J.D.
New American
February 8, 2016
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.
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