As a conservative radio talk show host based in San Francisco, I’m witnessing—first hand—a very real mental derangement syndrome that has infected all those who voted for Hillary in November. My radio sidekick (Katie Green) and I call it, Trump-wasted. We even coined the hashtag on Twitter (#TrumpWasted). These electoral losers are acting like a bar full of incredibly drunken Atlanta Falcon fans that just saw their team lose the Super Bowl to the Patriots after blowing a 25-point lead. The difference here is the Falcon fans eventually sobered up. These left coast liberals are just getting started.
In the latest act of Trump-wastedness California lawmakers have introduced a bill that would force the state to drop its pension investments in any companies that will be involved in building the wall between the United States and Mexico.
“This is a wall of shame and we don’t want any part of it,” Assemblyman Phil Ting, D-San Francisco said in a statement. “Immigrant stories are the history of America and this is a nightmare.”
Assembly Bill (AB) 946 would require the California Public Employee Retirement System and the California State Teachers Retirement System—the two largest public pension funds in the nation, with investments of $312 billion and $202 billion, respectively—to liquidate holdings in any company involved with the wall’s construction. It would also require the pension-fund managers to report a list of those companies to the Legislature.
AB 946 is what fascism looks like. Fascist economic policies allow for private business ownership, but come with strict central government control. Entities that don’t fall in line are severely punished.
AB 946 is also what stupidity looks like.
The California Public Employee Retirement System and the California State Teachers Retirement System are grossly underfunded. According to Stanford University’s Institute for Economic Policy, those state worker pension funds have unfunded liabilities of nearly $1 trillion. This is because too many state workers have been promised too much money upon retirement. Now California lawmakers are willing to risk the entire performance of the state pension portfolio by selling potentially excellent stocks in order to make a cockamamie political statement about the wall.
Talk about cutting off your progressive nose to spite your fascist face.
And there’s more. San Francisco and Oakland are about to follow the lead of the Bay Area’s kookiest city, Berkeley, and blackball any company that assists in the construction of the border wall. 600 companies (including 100 from California) have applied to build the border infrastructure. Berkeley’s Commission of Peace and Justice is already working on a hit list. The measure will prohibit the city from awarding or renewing contracts with companies involved with the wall, including engineering, technology, logistics, surveillance, and other contracting sectors.
For the Trump-wasted there is a cure, but sadly it most often involves being the victim of a crime committed by an illegal alien.