Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DonViejo

(60,536 posts)
Sun Apr 22, 2018, 10:38 AM Apr 2018

GOP split as banks take on gun industry

Source: Politico


It's a conundrum that puts free-market principles at odds with gun rights, and Republicans across the board are genuinely split.

By ZACHARY WARMBRODT 04/22/2018 07:10 AM EDT

Major banks are cutting off business with the gun industry, roiling Republicans who want to respect the financial decisions of private institutions while still showing their unyielding support of the Second Amendment.

Some Republicans, enraged at moves by Citigroup and Bank of America to distance themselves from some retailers and gun manufacturers, have called on government agencies to cancel contracts with the banks and defer deregulation proposals that would benefit them. But other Republicans want to keep their hands off, saying lenders are free to decide who they do business with.

It's a conundrum that puts the free-market principles at odds with gun rights, and Republicans across the board are genuinely split over how to react to moves by some of the biggest financial institutions in the country.

"I'm not writing a law that says you can't do it — I just think it's dumb and it's dangerous waters," Rep. Bill Huizenga (R-Mich.) said. "I have a pretty high bar before I'm going to go in and tell the private sector what they should and shouldn't be doing."

Read more: https://www.politico.com/story/2018/04/22/banks-guns-industry-gop-split-544739

13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Fred Sanders

(23,946 posts)
5. The very same banks flush with GOP "hard working taxpayer" paid for tax cuts with
Sun Apr 22, 2018, 11:36 AM
Apr 2018

borrowed money 💰 now are turning on the GOP's most reliable, vicious and flush with campaign cash fake non-profit?

Those Parkland students have started a blue tsunami, haven't they?

🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊🌊

Major Nikon

(36,827 posts)
2. Wingnut libertarians never envisioned Twitter
Sun Apr 22, 2018, 11:14 AM
Apr 2018

For decades they preached free market forces would take care of any social ills. Now that this is finally starting to happen they are collectively shitting their pants.

ancianita

(36,034 posts)
3. With guns banned in state houses, government buildings, banks, and now schools, what'd they expect.
Sun Apr 22, 2018, 11:23 AM
Apr 2018

Interesting how the private sector sees the wisdom of keeping money away from bad actors.

Corporations are trying to flex their governing muscle on this issue.

Dopers_Greed

(2,640 posts)
6. The GOP was never for "the free market"
Sun Apr 22, 2018, 11:42 AM
Apr 2018

It just plays well to upper-middle-class whites.

And gives them an excuse to push deregulation on everything.

SWBTATTReg

(22,114 posts)
7. GOP fails in governing 101...again...
Sun Apr 22, 2018, 11:56 AM
Apr 2018

Can't seem to be ahead of the curve in anything, except hot button topics that are getting overplayed too much. It's like the boy that cried Wolf! too many times.

Maybe if they (gophers) would learn to responsibly govern for ALL of us and not just their rabid minority, they might succeed. But, they won't. Too disorganized and unable to do anything.

Pathetic and this will come back to bite them in spades w/ the 2018 Nov. and 2020 elections.

 

7962

(11,841 posts)
8. What if some bank decides to not do business with Planned Parenthood?
Sun Apr 22, 2018, 12:24 PM
Apr 2018

If this stands as legal, what would prevent them from doing that? A gun mfg is a legal business. Who is to decide what legal business to discriminate against? This is the so-called "slippery slope". Its just like free speech, if we stop speech WE dont like, who can stop others from blocking speech we DO like?

CaptainTruth

(6,589 posts)
9. Rep. Bill Huizenga (R-Mich.) said:
Sun Apr 22, 2018, 12:26 PM
Apr 2018

"I have a pretty high bar before I'm going to go in and tell the private sector what they should and shouldn't be doing."

If course, they have no problem telling women what they should and shouldn't be doing.

BumRushDaShow

(128,896 posts)
12. "lenders are free to decide who they do business with. "
Sun Apr 22, 2018, 06:58 PM
Apr 2018

That's their mantra and they have been steadily rolling back regulations that say otherwise... until it suddenly impacted what THEY want.

The hypocrites are in a quandary.

Orsino

(37,428 posts)
13. They've already reconciled their agenda with Thou Shalt Not Kill.
Mon Apr 23, 2018, 10:49 AM
Apr 2018

What's a little more cognitive dissonance?

Latest Discussions»Latest Breaking News»GOP split as banks take o...