Obama Inc Trying to Use Banks to Destroy Gun Manufacturers

FrontPageMag ^ | 1/25/2013 | Daniel Greenfield

[sheikdetailfeather]

There were fairly clear policy rules once upon a time. If you wanted to pass gun control, you would get up, use a bunch of kids as props and put in a Senate bill that would get the job done. That’s still being done, but it’s only the tip of the iceberg.

Obama Inc. is consolidating control over the economy which puts its minions in the position of being able to make policy through economic pressure and policy. Under Socialism, you don’t have to pass a law, you just have to use your economic control to make the companies enforce the law.

Growing government control over banks and investment companies, directly and indirectly, allows those institutions to be used to target firearms manufacturers.

Cerberus was bullied into dropping the Freedom Group which includes Remington and Bushmaster. Bushmaster has become a special target for the anti-2nd amendment movement. Now Rahm Emanuel is demanding that TD Bank and Bank of America end their lines of credit to firearms manufacturers unless they come out in support of Obama’s war on the Bill of Rights.

[sheikdetailfeather]

Bullies destroying America for their own power.

[Logical me]

Bullies destroying America for their own power.

Please allow me to change: Communists destroying America for their own power.

[Vince Ferrer]

We need to ask the question, how is this not fascism?

[rarestia]

Communists are cowards and incapable of direct conflict. They know good and damned well that they would rile the American bear into action if they came at it directly, so they’re trying to trap it and kill it to make us comply.

[The Great RJ]

We are rapidly reaching the point that the Founders feared would require a Second Amendment.

[Georgia Girl 2]

I wonder if the folks who sat home because they didn’t want to vote for a Mormon moderate have a clue yet as to how badly they screwed up?

[indthkr]

Hopefully somebody is making a list of the banks that are participating in this action, and the bank executives aligned with these policies.

Of course, Bank of America has been the "Bank of Obama" since the 2008 bailout.

[smoothsailing]

.

[bitterohiogunclinger]

Rahm should be reminded that there are RICO laws and sunshine laws that might be inconvenient should we ever get the communists thrown out of the executive branch.

[steve86]

Romney did all the same stuff as governor. I think every honest person here will acknowledge that by now.

Or your position is that a Mormon baby killer, gun grabber, homo facilitator is better than a non-Mormon one???

[concerned about politics]

If anything, this tells us how out of control our government is. This is what the founding fathers warned us about, and why they gave us the Second Amendment.
Hopefully, people who aren't normally engaged will feel a little "uneasy" about what this administration is doing to innocent people - who are doing nothing but protecting their Constitutional rights. Because when SOME are denied their Constitutional rights, it won't be long before ALL are denied their Constitutional rights. AND, a defenseless population won't be able to do anything to stop it.

[Wisconsinlady]

“I wonder if the folks who sat home because they didn’t want to vote for a Mormon moderate have a clue yet as to how badly they screwed up?”

Or how about the ones who wasted their votes on the green party or on Ron Paul over “principle”. I would have gone along with that if he had a chance to win, but to know he wouldn’t and that you were giving your vote to Obama is plain dumb.

[Lumper20]

Sadly, it seems near.

[Lumper20]

Sadly, it seems near.

[KevinDavis]

They won’t.

[Girlene]

Obviously not by the response on this thread.

[jospehm20]

I think he would have been better than Obunghole on the economy, regulations, taxes and some other stuff. I have no reason to think he would have been appreciably better than what we have now in the areas you mentioned and he may have even been worse as the Republican House would have gone along with him.

[Lancey Howard]

[Bluestocking]

Don’t own a bank, rob one.

Under Obama’s policies, it will soon make more sense to rob banks, since often bank robbers succeed, than to own banks, on which Obama will impose increasingly profit-losing regulations, making it impossible for banks to succeed.

[RoosterRedux]

From a practical point of view there are 2 opposing forces at work here and the result may be unintended for Obama.

The 2 opposing forces are, first, Obama's effort to squeeze financial interests (lending and investors) out of the gun market and, second, raging demand for guns and ammo resulting from Obama's attacks on gun ownership.

The most likely result is that the larger gun companies are pressured by big lenders and big investors causing them to divest and splintering the industry into smaller companies.

Small is a great place to be for the gun industry. Yes, more competition, but frankly demand is so incredible that the additional competition won't even be noticed.