From the LVRJ: If John Oceguera actually lived by the populist rhetoric he spews, maybe he'd relate to the middle-class voters he's chasing.
Grinding it out paycheck to paycheck. No special tax breaks. Nothing in the bank. Retirement a distant dream.
The
Assembly speaker's campaign for the 3rd Congressional District is all
about attacking corporations, profits, tax loopholes and bankers. The
Democrat claims incumbent Republican Rep. Joe Heck is in the pockets of
money-hungry banks, Big Oil, Wall Street and health insurers.
All the while, the profits of banks, Big Oil, Wall Street and health insurers are lining Oceguera's pockets.
Oceguera,
you'll recall, retired from the North Las Vegas Fire Department last
year at the age of 43. After working just 20 years, he started
collecting a lifetime annual pension from the state worth about $100,000
annually. You funded the contributions that made his early retirement
possible.
Those pension checks don't come from the state's general
fund. They come from the Public Employees Retirement System of Nevada,
which has about $26 billion in assets invested in approximately 7,000
different securities, especially the stocks of publicly traded
companies.
If John Oceguera demonizes it, PERS is invested in it.
Oceguera ripped Heck for "trying to push seniors from Medicare to for-profit insurance companies."
Companies
like Aetna, Humana, Cigna and UnitedHealth. Those four companies alone
account for about $100 million of the PERS portfolio.
Oceguera
savaged Heck for accepting campaign contributions from the oil companies
that make sure you can put gas in your car: "If Joe Heck wants to
protect Big Oil companies making huge profits, instead of Nevada
families struggling to make ends meet, he ought to take a good, hard
look at his priorities."
Oceguera should take a good, hard look at
PERS' gas and oil portfolio, which has about $1 billion in investments,
including more than $320 million in ExxonMobil, the system's
second-largest stock investment after Apple, and almost $200 million in
Chevron. http://www.lvrj.com/opinion/oceguera-profits-from-businesses-he-rips-170879431.html
For all those liberals and especially public employees who bitch and complain about big oil, health insurance companies, banks and other big business, you best not take pensions that invest in these companies. Further, they shouldn't even invest in these big businesses so they can profit from their stock prices and dividends.
But such is the life of a liberal, do as I say, not as I do.
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