GE Got $139 Billion Obama Bailout, Now Refusing to Lend to Gun Stores

obama general electric

GE, another subsidiary of Obama Inc

GE Capital got an inappropriate sweetheart deal from Obama Inc. for a $139 billion bailout. The misappropriated taxpayer money was leveraged to get GE to pursue programs that Obama Inc. favored. Apparently one of those programs is refusing to lend to gun stores.

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.

GE is at least the second big financial firm to retreat from the gun business following the school shootings, which claimed the lives of 20 first-graders and six adults in December.

What we are seeing is the political consolidation of big business into an arm of government with misappropriated taxpayer money being used to pick winners and losers in the marketplace, with the “winners” then doing the dirty work of the government and acting as its regulatory arm, destroying entire areas of business that the government has yet to be able to destroy on its own.

  • RUI

    From Democracy to Thugocracy in one single election.

    • gee59

      And anybody that disagrees with the President is labeled a racist

      • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

        You racist!

        • gee59

          Here's the proof. What did I say that was racist in anyway, shape or form?

          To disagree with a leftist brings nothing but insults. Tell us all how truly devoid of any intellect you are not us.

          • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

            I was employing sarcasm…. not disagreeing with you.
            And they do respond with personal attacks and insults.

            Last I checked our president was just as much white as anything else. So, what race do they think we are attacking exactly? I didn't know marxism was a race.

    • Banoro

      Hardly one election. This kind of stuff has been going on for a long time. The pace has definitely quickened, though.

  • objectivefactsmatter

    That's arguably illegal now that they accepted taxpayer help.

    "What we are seeing is the political consolidation of big business into an arm of government with misappropriated taxpayer money being used to pick winners and losers in the marketplace, with the “winners” then doing the dirty work of the government and acting as its regulatory arm, destroying entire areas of business that the government has yet to be able to destroy on its own."

    Communism in a slowly evolving revolution. The tipping point is getting near.

  • objectivefactsmatter

    Alienating gun users with illegal government actions may not be the smartest thing this communist traitor has ever done.

  • Andytexan

    As a corporate owner of NBC, GE is run by fascists. Don't turn on NBC; don't buy GE products; don't own GE stock. Boycott, boycott, boycott.

    • OldOllie

      I've got about a 10-year head start on you, Andy. GE is evil.

    • Daniel Greenfield

      I don't think GE still has any ownership in NBC, but plenty of good reasons anyway not to watch NBC.

      • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

        Comcast bought them.

        • Daniel Greenfield

          Yup

          • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

            And stil pays for them to have a losing liberal agenda that drives away viewers.

            I had my own cable turned off, but it would have been more rewarding if it had been comcast I was able to toss.

  • truebearing

    This is the New Left. No longer are they turning up their noses at Fascism. They are now employing it as a progressive step towards Communism (not true Communism though. Even the Communists know that is ridiculous and delusional).
    Once Big Business becomes a fully operational death star…I mean arm of the government, the noose can be tightened on all of us. No weapons, no property, no healthcare, no food, and no beds….other than the custom fitted one offered by Procrustes (a new subsidiary of GE).

  • JUAN DELGADO

    ALTHOUGH THE KENYAN AND BIDEN OWN THAT ASS SUCKING DOG FORM GE IN ACTUALITY CHINA AND THE AMERICAN PEOPLE OWN GE AND NBC SUCKS AND HAS SINCE THE BAILOUT WILLIAMS NEEDS TO LOOK BETWEEN HIS LEGS TO SEE IF HE HAS BALLS!

  • objectivefactsmatter

    GE has now sold out in every possible way that a corporation can.

  • AlgerHiss
  • Mark Leonard Mow

    I interpret the second amendment to mean that not only should citizens have the right to bear arms, but that they have the obligation to carry sidearms at all times to protect their families and be ready to defy illegal Government activity. And if you can’t afford one? Then the Government should freely provide them to all citizens regardless of their age or personal history just like they do Welfare. If we were only better armed there would be a whole lot less killing.
    RIGHT!

  • JR COOK

    IT'S SO SAD THAT OUR GREAT COUNTRY HAS BEEN TAKEN AWAY BY POLITICS……..BUYING VOTES WITH GIVEAWAYS………THE BANK HAS RUN DRY AND WHAT NOW??? WHEN THE PROVIDERS QUIT PROVIDING THIS PLACE IS GONNA BE IN A MESS……HUNGRY,CELL PHONELESS,BROKE,THEN MAYBE THEY'LL ELECT SOMEONE TO RUN THIS COUNTRY JUST LIKE GOOD OLE AMERICAN BUSINESSES DO……SPEND LESS THAN YOU TAKE IN……IT'S A SIMPLE BUSINESS PRINCIPLE……..SMILE IT COULD BE WORSE

  • Mark

    He cannot win in Congress, so he resorts to back door dirty little tricks to get his own way. Never mind that the money belongs to the american people, and by refusing to lend to gun makers in anyway shape or form is only hurting the economy. Like it or not the firearms business is here to stay, it is part of who we are as a nation. Mr. Obama should have gotten the message when he lost in Congress, The American People have spoken, this 90% figure they are tossing around is a myth, it is based upon a pole of only 1700 people. The next three years cannot go by fast enough to get this guy out of office, all he is doing is ruining our country from the inside out.