by Greg Campbell | April 25, 2013 12:20 am
The Obama political machine is ruthless. It is a force that drives to coerce, extort, bully and suppress the opposition while simultaneously seizing power in a manner with the ruthlessness reminiscent of Michael Corleone dispatching the heads of the five families.
In addition to the enormous power Obama wields as president, the Obama Campaign has become Organizing for America, a “nonpartisan” advocacy group that is the divided-off henchmen of a corrupt politician who wants to influence policy both from the inside and the outside of the Oval Office.
Now, the president who makes Bill Clinton look meek has all of his bases covered : as he can now employ General Electric, the private-sector powerhouse, to put the squeeze on people who don’t get with the liberal agenda. GE has joined forces with the Obama Administration in their crusade against the Second Amendment.
The world’s largest industrial company, General Electric, received a very-generous deal in 2009 when the company received $139 billion in taxpayer money under provisions created to keep banks afloat.: Though GE Capital is not classified as a bank, the company was able to secure the money because it owned two small Utah banking institutions.
In short, thanks to the loophole, GE was able to secure $139 billion while not, technically, being a bank. Further, GE was able to avoid the restrictions and stipulations given to banks.
Now, with money in hand, GE Capital is cutting off funding to gun shops as the Obama Administration continues its dying efforts to curtail Second Amendment protections.
This month, Glenn Duncan, owner of Duncan’s Outdoor Store in Bay City, Mich., said he received a letter from GE Capital Retail Bank in which the lender said it had made “the difficult decision” to stop providing financing services to his store. Other gun dealers have received similar notices.
GE is at least the second big financial firm to retreat from the gun business following the school shootings, which claimed the lives of 20 first-graders and six adults in December.
Days after the killings, private-equity firm Cerberus Capital Management LP said it would try to sell the gun company it owns–Freedom Group Inc.– which makes brands including Remington, Bushmaster, Marlin and H&R.
The moves highlight how companies, closely attuned to the concerns of investors and employees, have reacted to public horror caused by the attacks, even as complicated political considerations doomed new gun-control legislation in the Congress.
Daniel Greenfield of Frontpagemag.com accurately summarized the danger of this unholy alliance:
“What we are seeing is the political consolidation of big business into an arm of government with misappropriated taxpayer money being used to pick winners and losers in the marketplace, with the ‘winners’ then doing the dirty work of the government and acting as its regulatory arm, destroying entire areas of business that the government has yet to be able to destroy on its own.”
Let’s recap: GE Capital pulls off some kind of magic and is able to secure a generous deal from the government that is relatively free from any strings attached. Then, after the Obama Administration failed to secure the anti-gun rights measures they had hoped for, GE suddenly springs into action to privately strangle gun stores into submission.
I am of the belief that when the check was handed to GE, President Obama cautioned, “One day, and that day may never come, I’ll come to you for a favor…”
Greg Campbell is a contributor for The Tea Party News Network and is the lead gun rights columnist for resistancemovement.com. Follow him on Twitter Follow @GregCampbell_18
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