Not that long ago a meme like the one above would be unthinkable and cross the line when it comes to civility and rational discourse.
Sadly that is no longer the case as the meme above seems to reflect the truth.
Democrats are willing to move their anti-gun agenda forward on as many bodies as possible hoping the carnage will change minds.
The left is relentless and will do whatever it takes to make their agenda a reality.
Bank Threatens to Cut Off Gun Manufacturer If It Refuses to Cut NRA Ties
An activist, union controlled bank is threatening to pull it’s investments from a major gun manufacturer if it refuses to cut ties with the NRA:
Amalgamated Bank said it will pull investments from Sturm, Ruger & Company and withhold support for an board member if the gun maker fails to adopt new corporate policies and cut ties with the National Rifle Association. The bank’s chief executive Keith Mestrich described Ruger’s relationship with the NRA as “short-termism” in their resistance to new gun laws.
“They fail to proactively adopt corporate social responsibility efforts commensurate with the lethality of their product, and display hypocrisy in touting adherence to the law while working with the NRA to weaken the law as much as possible,” Mestrich said. He made a fiduciary argument that Amalgamated would have to pull funds because Ruger’s effort “creates significant financial and reputational risks” that will hurt the company and shareholders.
Amalgamated sent a letter, dated April 19, to Ruger’s board urging them to adopt corporate policies for gun makers recommended by gun control group Everytown for Gun Safety. The policies range from endorsing universal background checks and increasing funding for federal regulators and gun violence research to monitoring inventory distribution and investing in gun safety technology (ie smart guns).
The letter also singled out company board member Sandra Froman, who also serves on the NRA’s board. Because of the NRA’s political mission, the bank argued her presence is “a potentially significant conflict of interest.” As shareholders participating in Ruger’s annual meeting on May 9, the bank threatened to withhold support for Froman if the company failed to adopt Everytown’s policies.
Froman, who was appointed to Ruger’s board of directors in 2015, has served on the NRA’s board since 1992 and also served as the organization’s president, an honorary position, from 2005 to 2007. Unlike most other NRA board members, Froman earns compensation from the organization to the tune of $45,180 a year. Yet, in company filings, Ruger has disclosed her relationship with the NRA and clarified the company has contracted the gun lobby for promotional and advertising activities, paying some $800,000 in 2017.
This seems to be the new tactic of the anti-gun left. Use the power of institutions to suppress the rights of law abiding Americans.
Amalgamated Bank is union owned and controlled and specializes in funding left wing advocacy groups:
Amalgamated Bank specializes in providing loans and banking services to political and advocacy groups, nonprofit organizations, labor unions and Middle Market companies. Some notable clients of the bank include:
American Federation of State, County and Municipal Employees Democratic National Committee Democratic Governors Association Demos DC Employment Justice Center Economic Policy Institute International Association of Firefighters League of Conservation Voters National Coalition of Black Civil Participation Organizing for Action Presidential Inauguration Committee Public Citizen United We Dream Service Employees International Union (SEIU) United Federation of Teachers
Here’s why Ruger and the NRA both share the same goals, albeit coming from a slightly different angle:
What Amalgamated doesn’t get is that Ruger and the NRA share the same fight, if for different reasons.
The endgame of all gun control policies is to eventually restrict gun ownership to just a select few, making it practically impossible for the average citizen to own a gun. That means practically no one would be able to buy Ruger products. They’d be forced to compete for limited government contracts.
Why should Ruger support that?
But let’s say that it never got that far. You know, for the sake of argument. Let’s say Ruger decided to bow down to Amalgamated’s demands. What then?
Well, then Ruger would become a pariah in the firearm industry. Second Amendment advocates, most of whom are already gun owners and gun purchasers, would make it their mission to warn people off from buying Ruger products. “They’ll sell to you, but they won’t support your Second Amendment rights,” we’ll say, and we’ll be right.
This will directly impact their bottom line.
Luckily, Amalgamated probably doesn’t have the juice it’s pretending it does. Amalgamated isn’t listed as one of the top-20 investors in the company, which means any impact it makes is likely fairly minimal. While it’s possible it will pick up more shares to increase its ability to pressure the company, it’s unlikely it’ll do so sufficiently to really have much sway.
The Trump administration and Treasury department should look into this immediately.
While the bank is a private business it is federally regulated and should not be allowed to make decisions that in effect curtail the rights of law abiding American citizens.
What do you think about this, and what should the Trump administration do?
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