Monday, January 07, 2013

Obama's crony capitalism

In the Washington Examiner, Timothy P. Carney explains how Pres. Obama's gun control initiative may boil down to favored treatment for big corporations:
The gun-control debate gives us Obamanomics in a nutshell.

Government regulation of commerce is often expanded to the benefit of – and with the cooperation of – the biggest business in the industry being regulation.

The Washington Post reports on Obama’s efforts to regulate the sale of guns:
One potential strategy would be to win support for specific measures from interest groups that are normally aligned with the NRA, according to one person who works closely with the administration on gun-related issues and who spoke on the condition of anonymity because of the issue’s sensitivity.

For instance, this person suggested, Wal-Mart and other major gun retailers may have an incentive to support closing a loophole that allows people to bypass background checks if they purchase firearms at gun shows or through other types of private sales. That could result in more people buying guns in retail stores.
If you make it harder for people to buy guns in private-party sales, you drive more business to Wal-Mart.
For Democrats, it is all about corruption.

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