A new exchange-traded fund has been trading for nearly a month with the goal of helping people make sure that their money is going towards making America great again.
The Point Bridge GOP Stock Tracker, which invests exclusively in companies that support the Republican Party and President Donald J. Trump, even trades under the ticker MAGA. Other ETF’s focus on socially responsible investing, which generally lean to the left and focus on issues such as green energy, or specific industries and products. The MAGA ETF appears to be the first of its kind, focusing on politically responsible investing.
Point Bridge Capital founder and CEO Hal Lambert told Big League Politics to ensure the companies are politically responsible, he reviews the political contribution data of PACs of possible investments.
Lambert, who launched Point Bridge in 2013 and the Republican stock ETF on Sept. 7, said he started by looking at a commonly followed index.
“What I did was I took the S&P 500 and I screened it for the top 150 Republican supporting stocks from a standpoint of political contributions,” he said.
“I looked at the PACs of the companies and employees — and whether or not they supported Republican candidates,” he said. “I then created an index which is used for the ETF which is traded like a stock on the stock exchange.”
People can buy it anywhere that they have a brokerage account, and it trades like a stock., he said.
Lambert said the idea for the ETF came to him because companies are becoming very vocal with their political alliances, often leading to boycotts, while people don’t realize they are still contributing to these very companies through their mutual funds.
“What gave me the idea is that people have been very upset about what is going on, as companies have become very political,” he said.
“Not only are they giving money politically, but they are also speaking out publicly like never before,” he said. “People were getting upset and you see people boycotting particular companies, but they didn’t realize that they own these same stocks in their mutual funds. So, on the one hand, they are boycotting Starbucks or Target, but they are losing money in the mutual fund they own and they don’t realize it.”
With the MAGA EFT, people, who may not be able to give money to a candidate, can do it this way through their investments,” he said.
“It’s important because there’s a lot of money being given, and people should have the option to invest with companies that are supporting their types of candidates,” he said.
One recent and highly controversial issue where this ETF could help people, Lambert said, is with the recent ‘Take a Knee’ campaign and subsequent ESPN boycott.
“One of the latest things that I have been talking about, and will continue to talk about, is Disney and ESPN,” Lambert said, explaining that many people do not realize that Disney owns ESPN. He also noted that Disney is one of the top Democratic political contributors. “People have turned off ESPN, which really hurt Disney’s stock prices — but many people may not realize that they own Disney in their mutual funds.”
— Hal Lambert (@MAGAindex) September 25, 2017
Lambert said that with many of these big controversies there is usually a political agenda, and you can spot them by looking at a company’s political contributions.
“People don’t realize that a lot of these companies are widely held, Disney being one of them, yet Disney is probably one of the top companies that have caused this whole controversy with people kneeling for the national anthem,” Lambert said.
Those who are interested in the ETF, or just keeping up with where companies are spending their money politically, can follow Lambert’s efforts on Twitter or through his website InvestPolitically.com.
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Tucker Blasts DHS For Buffing Cheap Labor Visa Programs During Corona Recession
Americans are losing their jobs. Why is DHS handing out work visas?
Fox’s Tucker Carlson raised the alarm on an attempt by Department of Homeland Security bureaucrats to boost cheap labor worker visas in the midst of the chinese coronavirus epidemic, undercutting the jobs and wages of American workers in an hour where many face renewed economic insecurity as a result of the pandemic.
On Wednesday, DHS released 20,000 H-2B visas as a corporate giveaway, allowing employers to import nominally seasonal blue collar workers in an hour where 3.3 million Americans are slated to file for unemployment benefits.
DHS is planning on releasing even more cheap labor giveaway visas in the coming months, lining up 15,000 more visas by May. DHS Secretary Chad Wolf is creating the visas for business interests in an arbitrary fashion, surpassing the allotted annual cap of around 60,000 with the bonus visas.
Watch Tucker’s segment here:
"In a year where tens of millions of Americans could be looking for work our government is importing more than a 150k workers from abroad."
"The President needs to stop this from happening & he can." pic.twitter.com/eFM4d7vT7D
— The Columbia Bugle 🇺🇸 (@ColumbiaBugle) April 2, 2020
Speaking of the similar H-1B visa giveaway program, Tucker slammed the greed of globalist corporations seeking to replace American workers with a system of de facto indentured servitude with foreign workers legally bound to their employers.
“The visas are used to import tens of thousands of tech workers from India so that Silicon Valley can profit from a cheaper workforce. Nothing against the workers- but they’re taking jobs that could go to Americans.”
Tucker has documented at length the tendency of global corporations to shamelessly use the visa programs to replace their American workforce, going so far as to order longtime employees to train their cheaper foreign replacements.
The DHS visa giveaway quite literally couldn’t come at a worse time- bailing out corporations that seek cheap labor and undercutting the interests of American workers in the construction, landscaping, and agricultural industries.
DHS Secretary Chad Wolf has a reliable track record of seeking to increase corporate giveaway worker visas as a Washington D.C lobbyist. Unfortunately, it appears he’s continuing in an attempt to deliver the goods to America’s business interests as head of the federal department, rebuffing the premise of adhering to President Donald Trump’s ‘America First’ pro-worker platform. (Trump had ran on the premise of shrinking if not outright abolishing frequently abused visa programs in the 2016 election.)
Tucker called upon President Trump to step in and correct Wolf’s attempt to placate corporate interests, using the powers of his office to shut down the cheap labor visa giveaways in the hour they stand poised to prove the most destructive to the economic interests of American workers.
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