The economic assault on the 2nd Amendment

1
1380

During the Barack Obama regime the Department of Just(Us) launched Operation Choke Point, a multi-pronged strategy emanating from the administration to bureaucratically hamstring businesses that lawfully deal in firearms.

 

The goal was to lean on banks to cut ties to gun dealers, especially small mom-and-pop operations, even if even if those companies had valid licenses and good credit histories. This followed 2011 warning by the Federal Deposit Insurance Corporation (FDIC) that classified the firearms trade as a “high-risk” business category, setting it up as requiring more paperwork and creating a “litigation risk and reputation risk for financial institutions,” as then FDIC General Counsel Richard Osterman said at the time.

 

This was nothing short of economic warfare on the 2nd Amendment. It was an end-run around the Constitution and supported by one of — if not the most — gun-hating administrations in the nation’s history.

 

Well, Obama’s long gone, but the economic assault on the 2nd Amendment continues apace.

 

Just a few weeks ago we told you about Obama’s bank, Bank of America, sponsoring an anti-gun discussion in the wake of the shooting at the Marjory Stoneman Douglas High School in Parkland, Florida. This is a long-running theme with BofA, which in the Christmas season of 2012, when guns are often purchased as Christmas and other holiday gifts, BofA froze the accounts of Spirit Arms for three weeks.

 

And then in 2013, after lending the Obama campaign $15 million essentially collateral-free and the Democratic National Committee $15 million and the Democratic Congresssional Campaign Committee another $17 million, BofA told Kelly McMillan, operations director for McMillan Fiberglass Stocks, McMillan Firearms Manufacturing and McMillan Group International, that his company’s business was no longer welcome and he needed to find another bank. The McMillan companies had been banking with Bank of America for 12 years.

 

In April, BofA announced it planned stop lending to companies that make assault-style guns sporting rifles used for non-military purposes.

 

“It’s our intention not to finance these military-style firearms for civilian use,” Anne Finucane, a vice chairman at Bank of America, said Tuesday in a Bloomberg Television interview. The firm has had “intense conversations over the last few months” with those kinds of gun manufacturers to tell them it won’t finance their operations in the future, she said.

 

Both Citibank and Wells Fargo have since joined the fray. But it’s not just the big banks going after our guns.

 

Officials in Piscataway, New Jersey, are using zoning codes to forbid firearms sales.

 

The Boulder City Council passed a law forbidding the city’s two gun stores from issuing certificates to owners of sporting rifles that were grandfathered in under the city’s ban on guns. Certificates of ownership are required for to possess certain guns and accessories.

 

The credit card processing company Intuit stopped processing credit card payments because phone and internet sales were gun-related earlier this month. Some of the payments stopped did not even involve guns.

1 COMMENT

Comments are closed.