Her Money Ain’t Where Her Mouth Is

Jill Stein is the wacko running for President on the Green Party ticket this year. The Daily Beast has a post analyzing her financial holdings—Big Carbon, Big Banks, Big Pharma, Big Tobacco, Big Defense. She doesn’t appear to practice what she preaches.

She has made purity a central pillar of her presidential candidacy, and she has held that the Green Party reigns above all others with respect to moral and ethical supremacy. In an interview with CNN last April, she said, “I have long since thrown in the towel on the Democratic and Republican parties because they are really a front group for the 1 percent, for predatory banks, fossil-fuel giants, and war profiteers.”

According to the article, she has sizable investments in mutual funds that have significant holdings in Exxon, Duke Energy, Conoco Phillips, and Toho Gas. Other funds have positions with Wells Fargo, Goldman Sachs, and Deutsche Bank. She also has directly invested in the shares of Merck (pharma), Phillip Morris (tobacco), and Raytheon (defense).

She lamely defends her investments by saying that it’s hard to find funds that align with her politics and have good returns. Well, duh!

Read the whole thing.

Unexpected Slow Growth

Fortune reports the the U.S. economy is growing more slowly than expected.

The government also reported that after-tax corporate profits fell at a 2.4% rate last quarter after increasing at an 8.1% pace in the first quarter. Weak profits could limit an anticipated rebound in business spending.

The nanny state taxes tobacco and soft drinks in an attempt to curb their use and then is surprised about the effect high taxes have on corporate profits.