4/25/2013

General Electric cuts of loans to Gun Shops: Was there Obama administration influence?

Given how closely General Electric is linked to the Obama administration and the massive government subsidies that it receives, why doesn't anyone in the media try figuring out if their refusal to give loans to gun companies is related to GE trying to please to the Obama administration.
General Electric Co.  is quietly cutting off lending to gun shops, as the company rethinks its relationship to firearms amid the fallout from the school shooting in Newtown, Conn. 
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. . . .

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2 Comments:

Blogger Roadhouse said...

The administration is feeling it's oats right now. They will over-reach soon. They have too many pots on the stove, and are too exposed for this to go on much longer. Someone there will inevitably cave, give in, or simply rat them out to the people.

4/25/2013 10:25 PM  
Blogger Blaine Holzer said...

I worked in a gun store in the late eighties and I seem to remember GE financing gun purchases then. The NRA surely knows gun-friendly financial sources to substitute for GE and I would be happy to pitch in to boycott GE Capital along with several millions of my gun owning neighbors who have about had it with being pushed around by these "liberal" bastards. Two can play that game. BTW, how did it work out for Rahm Emanuel trying to bully S & W and Ruger? My guess is - not too damn well for the Mayor! (Couldn't happen to a "nicer" guy!)

Molon Labe!

4/27/2013 8:54 PM  

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