President Barack Obama has shown he is no fan of free enterprise as he picks winners and losers in the economy based on his ideological choices. He famously declared during his first presidential campaign that he would make carbon based energy so expensive that he would drive it out of the American economy.
And with the most recent EPA regulatory mandates, he is doing just that with regulations that will bankrupt coal producers and drive coal fired power plants out of existence. The same is true with his stance on petroleum and the XL pipeline, which he made sure would not be built.
These decisions have ensured that thousands will lose their jobs, and millions would pay more for energy, and they were all promoted to push renewable energy and address the global warming agenda the administration is pushing. Obama seems never to be moved by the human costs.
The flip side was a project like the Solyndra solar project which the government supported to the tune of about $600 million of taxpayer money. That turned out to be a farce and quickly went bankrupt before anything of value was produced.
Obama seems to think that he should be the sole arbiter of American business and the economy, and he is willing to punish and bankrupt the companies he does not agree with, regardless of the human consequence. And so it is ironic that one of his most despised targets, the gun manufacturing industry, has been able to succeed and prosper in spite of Obama’s animus and best efforts to run them out of business.
It is also more than strange that African American citizens, who suffer the most from gun violence, are the biggest victims by Obama’s campaign to get guns out of American society.
Obama seeking to destroy Smith and Wesson, page 2:
Antichrist rising….
I love smith and wesson
He is to ignorant for that
It is absolutely outrageous that the president and his minions would intentionally harm a legal American business and dramatically damage the portfolios of those who invest in them. There is every likelihood that Obama will conjure up some other sneaky way to damage the industry in his last year in office. He has shown that ethics and legal methodology are only temporary impediments to achieving his goal of remaking this nation, and his ego is such that the only opinion that counts is his. As shown below, the most recent threat had a significant impact on Smith and Wesson stock prices, which is clearly to his liking. That may be legal, but it is surely not the proper role of a president.
I think with all the gun sales he has generated for them they can afford the very best legal talent to handle this.
Never realized it was unlawful to be a highly successful business in this country. One of the few manufacturers making any money in this economy.
Well, I think Smith & Wesson & his fellow mates, aren’t that shy, when it comes to saving your own life, (and families) when severely threatened.
We need to do the same to him!
Despicable misuse of power.
He must be impeached.