|
"Pete Hegseth Is Right for the DOD"
"Why Our Constitution Secures Liberty, Not Democracy"
Woodworking and Construction Hacks
"CNN: Reporters Were Crying and Hugging in the Hallways After Learning of Matt Gaetz's AG Nomination"
"NEW: Democrat Officials Move to Steal the Senate Race in Pennsylvania, Admit to Breaking the Law"
"Pete Hegseth Is a Disruptive Choice for Secretary of Defense. That’s a Good Thing"
Katie Britt will vote with the McConnell machine
Battle for Senate leader heats up — Hit pieces coming from Thune and Cornyn.
After Trump’s Victory, There Can Be No Unity Without A Reckoning
Vivek Ramaswamy, Dark-horse Secretary of State Candidate
Megyn Kelly has a message for Democrats. Wait for the ending.
Trump to choose Tom Homan as his “Border Czar”
"Trump Shows Demography Isn’t Destiny"
"Democrats Get a Wake-Up Call about How Unpopular Their Agenda Really Is"
Live Election Map with ticker shows every winner.
Megyn Kelly Joins Trump at His Final PA Rally of 2024 and Explains Why She's Supporting Him
South Carolina Lawmaker at Trump Rally Highlights Story of 3-Year-Old Maddie Hines, Killed by Illegal Alien
GOP Demands Biden, Harris Launch Probe into Twice-Deported Illegal Alien Accused of Killing Grayson Davis
Previously-Deported Illegal Charged With Killing Arkansas Children’s Hospital Nurse in Horror DUI Crash
New Data on Migrant Crime Rates Raises Eyebrows, Alarms
Thousands of 'potentially fraudulent voter registration applications' Uncovered, Stopped in Pennsylvania
Michigan Will Count Ballot of Chinese National Charged with Voting Illegally
"It Did Occur" - Kentucky County Clerk Confirms Voting Booth 'Glitch'' Shifted Trump Votes To Kamala
Legendary Astronaut Buzz Aldrin 'wholeheartedly' Endorses Donald Trump
Liberal Icon Naomi Wolf Endorses Trump: 'He's Being More Inclusive'
(Washed Up Has Been) Singer Joni Mitchell Screams 'F*** Trump' at Hollywood Bowl
"Analysis: The Final State of the Presidential Race"
He’ll, You Pieces of Garbage
The Future of Warfare -- No more martyrdom!
"Kamala’s Inane Talking Points"
"The Harris Campaign Is Testament to the Toxicity of Woke Politics"
Easy Drywall Patch
Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast
In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind"
Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’
Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens
Presidential race: Is a Split Ticket the only Answer?
hurricanes and heat waves are Worse
'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic
Joe Rogan Experience #2219 - Donald Trump
IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons
Gallant: ‘After we strike in Iran,’ the world will understand all of our training
The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses
Six Al Jazeera journalists are Hamas, PIJ terrorists
Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general
Iran's Assassination Program in Europe: Europe Goes Back to Sleep
Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA.
Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report
Israel kills head of Hezbollah Intelligence.
Tenn. AG reveals ICE released thousands of ‘murderers and rapists’ from detention centers into US streets
|
Status: Not Logged In; Sign In
Bang / Guns
See other Bang / Guns Articles Title: Reverse Trump effect? Remington Arms files for chapter 11
Source:
HotAir
URL Source: https://hotair.com/archives/2018/02 ... mington-arms-files-chapter-11/
Published: Feb 13, 2018
Author: Jazz Shaw
Post Date: 2018-02-13 19:40:29 by Tooconservative
Keywords: None
Views: 827
Comments: 4
| A particularly depressing bit of news from my old stomping grounds growing up crosses our desk today. Remington Arms, one of the nation’s most venerable manufacturers of firearms, is in serious financial trouble and has reached an agreement to file for bankruptcy protection. And according to Bloomberg’s coverage of this story, the main reason they’re citing for their fiscal woes is… Donald Trump. This particular case of assigning blame is probably different from ones you’ve seen in the past, however. Normally we’d hear about Washington passing some new regulation which harms businesses. In this case, they’re saying that President Trump is such a fan of protecting Second Amendment rights that people aren’t in as much of a rush to run out and buy firearms because, unlike during Obama’s tenure, they’re not worried that the government will be coming to take them away. | For two centuries, it has been a totem of America’s gun culture — a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans’ right to bear arms. The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump. Feinberg’s firm, Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt. The Chapter 11 bankruptcy filing will let Remington stay in business while it works out a plan to turn around the company and pay its creditors. |
At most I suppose we could call this the Reverse Trump Effect. The President is a big supporter of not just gun rights, but gun manufacturers as well. The one thing he can’t do is force people to go out and buy the product. With the perceived threat to gun ownership in the rearview mirror for now, shoppers are probably finding other things to spend their new tax break money on. Of course, that perception of the danger to gun ownership based on who is in the Oval Office has always been somewhat overblown. The Democrats still don’t have enough seats to pass any serious gun restrictions even if they still had the White House. The real danger lies in state-level regulations. Replacing Obama with Trump hasn’t done a thing to loosen the vulture-like grip of the New York Safe Act, one of the worst gun laws in the country and, ironically, passed in the same state that Remington traditionally called home. (I used to ride past their factory on my bicycle as a kid on a regular basis.) Fortunately, this is a reorganizational bankruptcy. At this point, it doesn’t look as if they’ll be closing the doors or laying off a lot of their workers. But if things don’t turn around for them in the near future that could always change. It would be an absolute shame to lose them. Remington makes some beautiful products. My very first rifle, received when I was around ten years old, was a Remington bolt-action .22 long rifle. I still have fond memories of it. |
Poster Comment: I said all along that 0bama is the greatest guns-and-ammo salesman in history. Trump is proving it.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 4.
Replies to Comment # 4.
There are no replies to Comment # 4.
End Trace Mode for Comment # 4.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
|
