Philadelphia Mayor Michael Nutter has the city moving to divest its pension fund from weapons and ammunitions companies in an attempt to pressure them to agree to more controls on their businesses. But Nutter isn’t alone, a growing list of progressive politicians from across the country are using their workers’ pensions, their retirement savings, like chips in a game of high-stakes poker.
By pulling, or threatening to pull, hundreds of millions of dollars in investments from manufacturers, it threatens to take stock prices artificially low. They’re willing to play politics with the retirement of their workers in order to advance their agenda. But the full-frontal assault on their stock price isn’t the only stealth avenue they’re seeking.
Chicago’s Rahm Emanuel, mayor of the murder capital of the world, is taking a second line of attack by putting pressure on banks to stop their financial involvement with weapons manufactures until they capitulate to the progressive will.
Emanuel, the president’s former chief of staff, wouldn’t dare make such a move if he didn’t have the blessing of the White House.