GE Takes Big Stand Against Gun Industry

[Oddball]

What the never-give-an-inch NRA gun nutters fail to realize is that they are turning more and more people against our gun rights - which worries us responsible gun owners. Refusing reasonable compromise is not a winning solution. Universal background checks is a winner for all concerned.

Fake Malarkey, izzatyou?

 

[whitehall]

Good for GE. I mean, this is the free market at work, right? It's in their right to do this.

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

 

[Lakhota]

Good for GE. I mean, this is the free market at work, right? It's in their right to do this.

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

Give us some "credible" proof that banks were forced into making bad loans. The problem wasn't the loans - the problem was what Wall Street did with those loans. Here's what you righties try to ignore:

The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong

 

[whitehall]

Good for GE. I mean, this is the free market at work, right? It's in their right to do this.

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

Give us some "credible" proof that banks were forced into making bad loans. The problem wasn't the loans - the problem was what Wall Street did with those loans. Here's what you righties try to ignore:

The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong

Wait a minute. It's not even an arguable concept. Does the left really think Wall Street prevented people from making payments on their mortgages? You are more hopeless than I thought.

 

[Two Thumbs]

I have a credit card through GE Capital which I will be cancelling when I get home from work.

General Electric 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.

"Industry changes, new legislation and tragic events" led GE Capital to reexamine its policies on financing firearms, spokesman Russell Wilkerson said.

The company's exit has little overall impact in a U.S. gun market, where sales last year totaled $11.7 billion, according to IBIS World. While a typical handgun can cost more than $300, financing remains a marginal activity.

GE's ban applies only to retailers whose sole business is selling firearms, an "insignificant and immaterial" part of GE Capital's business, Mr. Wilkerson said. The lender is still doing business with merchants with more diverse lines of business [e.g., Wal-Mart, Dick's Sporting Goods]

Daily Kos: GE Capital Cuts Off Lending to Gun Shops

Just how petty is obama?

He couldn't destroy our rights so he tells GE to cut the money flow.

fucking petty

 

[J.E.D]

The free market rears its ugly head!!!

lolol

you rightwing nuthouse inmates should be giving this a standing ovation. Let the market decide!!

This isn't the market deciding.

If it were a market decision, then only if the gun company was causing GE to lose money would they be cancelling their cards.

Nope, this is anything but.

This is more like anyone refusing to do business with Planned Parenthood.

BTW, I hope they are not in California.. It is illegal to do this there. Just ask the woman who is being sued because she won't sell flowers for gay weddings.

It could be a market decision. GE may see the growing support for gun regulations and its lending to gun dealers as a conflict. They decided to go the cautious route. Or maybe they just don't like guns. Either way, it's their business, their decision. Kind of like 'at will employment' - an employer can terminate the employment of any employee at any time for any reason. Free market. Eat it up.

 

[Two Thumbs]

Seems to me, if GE was actually taking a moral stance, they would cut ties with wal-mart, but that would really cost them money, then wouldn't it.

hypocrassy

 

[J.E.D]

I have a credit card through GE Capital which I will be cancelling when I get home from work.

General Electric 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.

"Industry changes, new legislation and tragic events" led GE Capital to reexamine its policies on financing firearms, spokesman Russell Wilkerson said.

The company's exit has little overall impact in a U.S. gun market, where sales last year totaled $11.7 billion, according to IBIS World. While a typical handgun can cost more than $300, financing remains a marginal activity.

GE's ban applies only to retailers whose sole business is selling firearms, an "insignificant and immaterial" part of GE Capital's business, Mr. Wilkerson said. The lender is still doing business with merchants with more diverse lines of business [e.g., Wal-Mart, Dick's Sporting Goods]

Daily Kos: GE Capital Cuts Off Lending to Gun Shops

Just how petty is obama?

He couldn't destroy our rights so he tells GE to cut the money flow.

fucking petty

And here we go...the right-wing echo chamber fabricates yet another 'conspiracy'. GE is a private company. They can do what they wish with their money. Free market. Nothing to do with Obama. Suck it up. Be a man. Personal responsibility and all.

 

[Spoonman]

Good for GE. I mean, this is the free market at work, right? It's in their right to do this.

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

yea I know, hypocrisy is a liberal strong point

 

[Two Thumbs]

I have a credit card through GE Capital which I will be cancelling when I get home from work.

Just how petty is obama?

He couldn't destroy our rights so he tells GE to cut the money flow.

fucking petty

And here we go...the right-wing echo chamber fabricates yet another 'conspiracy'. GE is a private company. They can do what they wish with their money. Free market. Nothing to do with Obama. Suck it up. Be a man. Personal responsibility and all.

didn't obama invest stock in ge?
didn't obama fire ge ceo and replace him?


Not a hard leap.

 

[Spoonman]

Seems to me, if GE was actually taking a moral stance, they would cut ties with wal-mart, but that would really cost them money, then wouldn't it.

hypocrassy

and it would stop outsourcing jobs and manufacturing all its products off shore

 

[Lakhota]

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

Give us some "credible" proof that banks were forced into making bad loans. The problem wasn't the loans - the problem was what Wall Street did with those loans. Here's what you righties try to ignore:

The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong

Wait a minute. It's not even an arguable concept. Does the left really think Wall Street prevented people from making payments on their mortgages? You are more hopeless than I thought.

Wall Street inflating those mortgages to 100 times their value is what caused all the pain.

No bank was ever “forced” – or coerced or incentivized by the government in any way – to make a bad loan.

What brought down the global economy was as much as $140 trillion worth of financial gimmickery built on top of the mortgage industry. It was the alphabet soup of the credit meltdown – the CDOs, default swaps and other derivitaves that made less than a trillion dollars of foreclosed loans into an economic weapon of mass destruction that would cost the American economy alone $14 trillion in lost wealth.

The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong

 

[Spoonman]

Good for GE. I mean, this is the free market at work, right? It's in their right to do this.

Funny how the socialist left cites the "free market" when it is convenient. It's ironic that the radical left wants to force banks into making bad loans to people who can't afford to pay a mortgage but it's OK for credit card brokers to cut off small businesses who deal in a legal product.

Give us some "credible" proof that banks were forced into making bad loans. The problem wasn't the loans - the problem was what Wall Street did with those loans. Here's what you righties try to ignore:

The Absurd Zombie Lie About the Economy Right-Wingers Desperately Cling To -- And Why It's Totally Wrong

you really are clueless aren't you? Do all liberals walk around completely blind to what the people they vote into office do?

 

[J.E.D]

Just how petty is obama?

He couldn't destroy our rights so he tells GE to cut the money flow.

fucking petty

And here we go...the right-wing echo chamber fabricates yet another 'conspiracy'. GE is a private company. They can do what they wish with their money. Free market. Nothing to do with Obama. Suck it up. Be a man. Personal responsibility and all.

didn't obama invest stock in ge?
didn't obama fire ge ceo and replace him?


Not a hard leap.

 

[Lakhota]

Do you naysayers think you're smarter than Warren Buffet?

Wall Street turned a few million home-loans into what Warren Buffet called "economic weapons of mass destruction," cratered the global economy and then, when the bubble burst, turned around and insisted on a massive bailout courtesy of the American tax-payer.

From my link.

 

[NYcarbineer]

How righteously fitting would it be, all things political considered in this whole gun thing,

if the big corporations in the rightwing gun nut world got assfucked into submission by the bigger corporations in normal America?

lol, elegant!!

 

[sitarro]

The free market rears its ugly head!!!

lolol

you rightwing nuthouse inmates should be giving this a standing ovation. Let the market decide!!

This isn't the market deciding.

If it were a market decision, then only if the gun company was causing GE to lose money would they be cancelling their cards.

Nope, this is anything but.

This is more like anyone refusing to do business with Planned Parenthood.

BTW, I hope they are not in California.. It is illegal to do this there. Just ask the woman who is being sued because she won't sell flowers for gay weddings.

It could be a market decision. GE may see the growing support for gun regulations and its lending to gun dealers as a conflict. They decided to go the cautious route. Or maybe they just don't like guns. Either way, it's their business, their decision. Kind of like 'at will employment' - an employer can terminate the employment of any employee at any time for any reason. Free market. Eat it up.

Growing?

Few in U.S. See Guns, Immigration as Nation's Top Problems

 

[sitarro]

how righteously fitting would it be, all things political considered in this whole gun thing,

if the big corporations in the rightwing gun nut world got assfucked into submission by the bigger corporations in normal america?

Lol, elegant!!

xxxxxxxxxx

 

[Spoonman]

How righteously fitting would it be, all things political considered in this whole gun thing,

if the big corporations in the rightwing gun nut world got assfucked into submission by the bigger corporations in normal America?

lol, elegant!!

actually what is even funnier is GE is not even a significant player in lending to gun manufacturers. this is just more liberal smoke team Obama is trying to blow up our asses.

 

[Vandalshandle]

Good for GE. I have always thought of them as a gang of greedy bastards, but this shows that even they have a conscience.