Democrats are waging a financial civil war in America, targeting banks that fund pro-liberty projects that Leftists don’t like
03/17/2019 / By JD Heyes
Let’s get one thing straight: The Democratic Left hates the Constitution. They always have and they always will because it is so effective in preventing authoritarians like them from taking over all the reins of power.
Case in point: The National Popular Vote initiative, which — if enacted by enough states — would negate the founders’ vision for establishing the Electoral College. The Democratic Left can’t change the Electoral College system so they’re trying to find a way to bypass it.
The Left looks at sabotaging the Second Amendment in the same way. Because they know they won’t ever muster support among enough states to repeal it, they are focusing instead on strategies to simply neuter it.
That’s what Operation Choke Point (OCP) was designed to do. As a refresher, OCP was an Obama-era initiative implemented by lawless hacks at his “Justice” Department to investigate (i.e. harass) banks that did business with gun dealers, as well as payday lenders and other companies thought to be involved in fraud or money-laundering.
As Frank Keating wrote in The Hill last year:
A little-known program carried out by President Obama’s Department of Justice (DOJ) whipsawed small business for years, and to date no one has been held accountable. Federal officials pressured banks to close the accounts of businesses solely because they were ideologically opposed to their existence. This runs counter to the very principles of due process and fairness that form the backbone of our nation’s laws.
The Obamaites knew they couldn’t get a GOP Congress to approve legislation that would put gun makers and dealers out of business, so they devised another way to do it: Ruin them economically by cutting off their access to financial services, despite the fact that they were lawful businesses operating on the up-and-up.
Thankfully, President Donald Trump’s Justice Department ended the program. In a letter to House Judiciary Chairman Bob Goodlatte (R-Va.), Assistant Attorney General Stephen Boyd referred to the program as “a misguided initiative.”
“We reiterate that the Department will not discourage the provision of financial services to lawful industries, including businesses engaged in short-term lending and firearms-related activities,” the letter continued, The National Sentinel reported. (Related: Liberals unleash economic warfare to SILENCE conservatives in effort to BAN gun sales.)
‘Best practices’ is a euphemism for ‘do what authoritarian Leftists demand’
But of course, the Leftist objective of circumventing the Constitution never dies, it merely dies down, only to be reborn anew at a later date.
Last week, Democrats on the House Financial Services Committee browbeat Wells Fargo President and Chief Executive Officer Timothy J. Sloan over a number of issues, including the fact that his company does business with the NRA and other firearms sellers, Ammoland reported.
How dare the company do that, Rep. Carolyn Maloney (D-N.Y.) lectured. How dare Wells Fargo not bow to the browbeating of Leftist Democrats and follow the lead of other banks in ditching gun makers and retailers.
Specifically, she blasted Sloan because Wells Fargo hasn’t adopted what the anti-gun Left calls “best practices” for the banking industry when it comes to firearms: Refusing to sell long guns to anyone under 21 (though the military provides them to 18-year-old recruits and federal law sets 18 as the limit), and “refusing to recognize the 3-day default transfer option that gun dealers may exercise if the FBI does not complete a background check,” Ammoland reported.
So really, Maloney couldn’t point to anything that Wells Fargo had done wrong, legally; she was just perturbed that is company had elected not to punish gun sellers the way OCP once did.
“We just don’t believe that it is a good idea to encourage banks to enforce legislation that doesn’t exist,” Sloan said.
Democrats don’t feel that way, obviously. If a law doesn’t exist or if the Constitution recognizes a right the Left doesn’t believe in, they will find some other way to impose their authoritarian will.
Read more about the Left’s corrupt use of big government at Corruption.news and BigGovernment.news.
Sources include:
Tagged Under: authoritarians, civil war, cutoff, Democratic Leftists, democrats, economic sabotage, economic warfare, evil, fascism, financial services, Gun Dealers, gun sales, Justice Department, left cult, Leftists, Obama Administration, Operation Chokepoint, Second Amendment, Trump administration
