Did anyone else notice yesterday's clip in the Indy Star's business section about SJR-7? Emphasis mine...
An attempt to revive Senate Joint Resolution 7, the so-called Defense of Marriage amendment, failed again this week.
You'll recall the proposal faltered after five of the state's biggest companies opposed it. A pair of legislators who favored the amendment later wrote the companies. The letter suggested a company's opposition could hurt its reputation.
Is the market concerned?
Since the companies appeared before the House Rules Committee on March 21, Dow Chemical's stock is up 1 percent. Eli Lilly is up 10.6 percent. Cummins is up 14.7 percent, and Emmis Communications is up a whopping 26.7 percent.
Only WellPoint's stock is lower than it was at the time of the committee meeting.
As a friend of mine said to me over e-mail:
I hope all those Christian Conservatives who promised to make Cummins pay for speaking out against SJR-7 sold their stock. At the time, our stock was about $130. At $140 it split, so $70. Today that went as high as $107 ($214 before split). There is, of course, no real relationship, but the stock has gone up about 50% since crazy people warned us against speaking out.
I'm telling you, there is no better way to tell people to go screw themselves than to succeed right in their faces. Unless of course it's to succeed while taking their money at the same time, but that may be too much to ask.
Oh yeah. Hell, this is hurting those companies so much they might have to take a stronger stand next time. In fact, this hurts so bad, I'll bet more of them will have to get in on it. It must be an Indiana thing to make it want to Hurt So Good.