Posts Tagged gun industry

Banks Continue Discriminating Against Gun Businesses

From Yahoo:

In the wake of high-profile mass shootings, corporate America has been taking a stand against the firearms industry amid a lack of action by lawmakers on gun control. Payment processing firms are limiting transactions, Bank of America stopped providing financing to companies that make AR-style guns, and retailers like Walmart and Dick’s Sporting Goods imposed age restrictions on gun purchases.

The moves are lauded by gun-safety advocates but criticized by the gun industry that views them as a backhanded way of undermining the Second Amendment. Gun industry leaders see the backlash as a real threat to their industry and are coming to the conclusion that they need additional protections in Congress to prevent financial retaliation from banks.

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NYT: Banks And Credit Cards Should Refuse Gun Sales

From The New York Times:

For the past year, chief executives have often talked about the new sense of moral responsibility that corporations have to help their communities and confront social challenges even when Washington won’t.

What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America?

It looks like The New York Times is now pro-big business, if that business is big enough to pressure retailers in to doing what the NYT wants. This is more proof that “liberals” are not liberal and that they will do whatever is necessary to get their way. If big government can’t do it then they will pressure big business to do it. If this succeeds it will set a dangerous precedent.

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Guns Continue Record Sales

From The Washington Examiner:

The FBI just reported that the number of gun sales background checks for May was the highest ever for that month, 1,942,677, a trend that will make 2017 the first or second highest year for gun sales.

The continued growth of gun sales is in stark contrast to some in the media and industry who feared that the election of President Trump would snuff out sales that in 2016 were driven in part by concerns Hillary Clinton would win and implement strict gun control and an assault weapons ban.

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Kansas Trying to Attract Firearm Manufacturers

From Kansas.com:

Gov. Sam Brownback hopes that an increasingly firearm-friendly environment helps draw gun makers and jobs to the state.

During the last 18 months, the Brownback administration has been trying to lure gun makers to Kansas, urged on by conservative lawmakers who think that easing gun restrictions could make the state more attractive to manufacturers under legislative assault elsewhere.

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Guns Are Integral Part Of U.S. Economy

Quick video on the gun business:

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