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GE Puts Political Cronyism ahead of Customers and Investors

Dan Miller 30 April 2013 No Comment

GE told the Wall Street Journal last week that fewer than 75 retailers nationwide — small shops selling primarily guns and ammunition — will have to find other capital sources to finance customers’ gun purchases. Meanwhile, GE will continue to provide credit to gun buyers at Wal-Mart Stores — the nation’s biggest retailer of guns and ammunition — Dick’s Sporting Goods and other retailers with extensive lines of firearms and related equipment.

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It’s just this kind of ploy that inflames passions of gun-rights advocates who see GE’s maneuver as another example of corporate elites pre-empting citizens’ decisions on what is best for them and their families.

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