Divest Iran
May 30, 2006
By Frank Gaffney, Jr.
One of the most important public policy fights in years is taking place within the U.S. government. The debate is over how to deal with the growing danger posed by Islamofascist Iran.
Fortunately, America has an opportunity to bring more than moral suasion to bear on those who partner with our enemies and, thereby, help underwrite their threatening behavior: Make them choose whether they wish to do business with us, or with the Iranians.
Last month, the Louisiana Sheriffs public pension fund became the first in the nation to adopt such an approach in the form of a terror-free investment policy. Its portfolio managers, including T. Rowe Price, have agreed that the sheriffs’ retirement money will not be invested in foreign energy, telecommunications, banks and other companies that engage in commercial activities and investment in state-sponsors of terror like Iran.
