GE Capital Anti-Gun Hysterics Target Small Biz Owners
April 24, 2013 - 11:01 pm
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.
Small business owners and their employees will be hit hard enough by the implementation of Obamacare. It is sadly understandable that these same people are now collateral damage for an overly zealous, misguided Obama policy pursuit that’s unsuccessful because he holds them in such low regard. Big government politicians have almost zero understanding of the role small businesses play in both the economy and the American Dream, especially those like President Obama, who have no private sector experience whatsoever.
Four more years.