Here's a bit of news for Rhode Island Democrat Senator Sheldon Whitehouse he might be interested in since he likes to use comparisons with those evil tobacco firms. The climate change zealot recently bragged about those state attorneys generals who nailed big tobacco to their PC cross to make a point in one of his screeds against the WSJ.
In the broad daylight heist of big tobacco companies California was one of the big hogs. Just how much of that settlement money, if any, found its way into the state's massive retirement fund is moot.
First you stick a gun in their ribs, vilify them and steal money, now after your less than sterling investment record you want make more money off them. That sounds like some bureaucrats. Most of the tobacco firms were driven off shore. That sounds like what happened to a lot of jobs.
But there's another irony here. California is one of the most angry ardent anti-smoking places on the planet, running ugly, hardcore media ads to ban smoking anywhere in the state. Oh yea, and that means beaches and your own backyard and bathroom..
Forget public health: it has always been about the money. And so, too, is the religion of climate change. Maybe someone should tip off the mayor of Chicago. He was recently looking for some retirement fund money.
Hello, Mr. Whitehouse.
cnbc.com/2016/04/04/calpers-could-put-money-back-into-tobacco-stocks
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