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
Historic NY
(37,449 posts)Fred Sanders
(23,946 posts)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?
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Major Nikon
(36,827 posts)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)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.
QC
(26,371 posts)Dopers_Greed
(2,640 posts)It just plays well to upper-middle-class whites.
And gives them an excuse to push deregulation on everything.
Sherman A1
(38,958 posts)Its just a bunch of words to cover the redristribution of money to the wealthy.
SWBTATTReg
(22,114 posts)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)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)"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.
Maxheader
(4,373 posts)The public demands a diminishing of this countrys gun culture...
BumRushDaShow
(128,896 posts)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)What's a little more cognitive dissonance?