Wednesday, April 24, 2013

I suppose GE doesn’t want to jeopardize its prominent place at the public trough

GE is a huge beneficiary of the cozy relationship that provides for the smooth recycling of dollars back and forth between private businesses and their government pimps. Affiliate GE Capital just tossed another bone to the administration by cutting off credit to gun shops.

Not to larger retailers that sell guns, though. I mean, no need to be a fanatic, after all:
GE's ban applies only to retailers whose sole business is selling firearms, an "insignificant and immaterial" part of GE Capital's business, Mr. Wilkerson said. The lender is still doing business with merchants with more diverse lines of business, including Wal-Mart Stores Inc., the nation's largest seller of guns and ammunition, and Dick's Sporting Goods Inc., he said.

7 comments:

Robert of Ottawa said...

I used to work for a Global Enterprize ... until the economy got tough and they decided to "simplify" operations.

This meant closing down the only profitable site in the division. But we were a Canadian operation and the American operations, although likewise "simplified" still had employment.

The Global Enterprize was surprised that we Ottawans didn't want to move to Huntsville, Alabama.

The symbiotic relationship between corporate and political interests is variously known as Croney Capitalism, or Fascism (google Mussollini).


Who got the big bail-out and now needs to have a favor called.

SwampWoman said...

Screw 'em. I'm not buying anything or doing any business with a GE company or affiliate if I can help it.

Paco said...

Aw, Huntsville's just like Ottawa - except for the sub-tropical climate. And sweet iced tea. And the tornadoes. And noodling for catfish.

JeffS said...

And Cajun menus everywhere, Paco. Don't forget that.

Jonah said...

If one works for a global enterprise one should not expect, or give, loyalty to said enterprise. Consider yourself a gun for hire, provide your own retirement plan. I learned this lesson back in my teens in the
70's, with stories of retirees screwed out of pensions.

RebeccaH said...

America has become an oligarchy.

Spiny Norman said...

Our government is only implementing the Chinese crony model that Tom Friedman is so enamored of...