Sunday, September 23, 2012

Another Reason Why Not To Vote John Oceguera And Other Liberals

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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