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The PJ Tatler

by
Stephen Kruiser

Bio

April 24, 2013 - 11:01 pm

In this economy, no less.

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.

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

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All Comments   (6)
All Comments   (6)
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By hook or crook! You will not get a gun!
Congrats GE...you just kicked small business in the sack. Too bad Wal-Mart still can sell guns...But we all care about the little guy, right?
51 weeks ago
51 weeks ago Link To Comment
This isn't about individual purchasers but the business itself. Businesses often buy things on credit or via short term loans which they pay off quickly. Business is much tighter without this extra liquidity. And therein is the attack: trying to squeeze the shops themselves out of business by denying them capital.
51 weeks ago
51 weeks ago Link To Comment
I haven't had anything to do with GE since Immelt wrote the bill banning incandescent lightbulbs in favor of GE's toxic CLFs. Then consider that GE has sent between 25,000 and 34,000 American jobs overseas, mainly to China, and pays almost no taxes on its high profits.

That said, other banks have a big opportunity now to snap up those gun store customers and all the others who will leave GE now over this.
51 weeks ago
51 weeks ago Link To Comment
If I had a capital investment fund that's what I would do. Guns and ammo are flying off the shelves. It's a boom market right now. It's the one segment of the economy Obama's policies haven't destroyed yet.
51 weeks ago
51 weeks ago Link To Comment
Those who abhor actions like this need to start actively opposing them. If you own GE stock, get out, if you have GE accounts, close them, explore any connections you may have with GE, even though other businesses and end them and let those businesses know why.
51 weeks ago
51 weeks ago Link To Comment
This is what Fascism is according to Mussolini's own definition.
51 weeks ago
51 weeks ago Link To Comment
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