Gun Control & RKBA
Related: About this forumGE Capital to stop financing gun purchases
http://www.usatoday.com/story/money/business/2013/04/24/ge-capital-gun-shops/2110435/General Electric has stopped financing gun purchases, highlighting the wide-ranging impact of the Sandy Hook school shooting in Newtown, Conn. last December and the recent debate in Washington over restricting firearm sales.
GE Capital Finance ceased providing consumer financing for new gun-shop customers in 2008, and recently extended the policy to existing customers. The decision affects fewer than 75 retailers, which GE says is about .001% of all gun retailers.
SNIP
GE is based in Fairfield, Conn., not far from Newtown, where Adam Lanza killed 27, including 20 children, and his mother, before killing himself. Lanza's father, Peter, is a GE executive.
So other credit card/debit card company will step up to fill in the market niche.
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tblue
(16,350 posts)Good for GE.
GreenStormCloud
(12,072 posts)It will also be the freedom of some other company to fill the demand, and I would hope you would respect their freedom.
upaloopa
(11,417 posts)on freedom or something?
The way you use that word bugs me in some way.
Soort of like "dam the consequences I got freedom".
With freedom goes responsibility.
holdencaufield
(2,927 posts)Yes, I have no doubt that it does. It's a terrible word for authoritarians. Right up there with civil liberties and inalienable right.
upaloopa
(11,417 posts)conservative ideas and the one huge discernible trait of conservatives is love of authority second only to being motivated by fear.
gejohnston
(17,502 posts)it became "conservative" because it tends to be rural, but it is a liberal concept in the classical sense.
authoritarianism can be found on the left as much as the right.
upaloopa
(11,417 posts)is out of a sense of protection of the community. Outsiders or unfamiliar ideas were seen as a threat to the community. There was fear of the unknown and to stave off the fear there was forced behavior and thinking at least out in the open. You had to wear western clothes if you were new to the area or you would never be invited to join the community. Authority enforced the behavior and thinking. The peer pressure to conform was the authority. There was a collective type of thinking. One way you were tested if you were new was like when you took your trash to the dump the dump operated would talk to you about politics or some other issue and see how you would reply. Everyone took their trash to the same dump and the operator talked about you to the other community members. If you thought right or he thought you did you were on your way to becoming accepted. Everyone had horses and everyone drove a pickup. The vet and the farrier acted in the same role as the dump operator.
That is why they are seen as conservative. They try to conserve the old ways and teach them to their kids. Every kid where I lived could sit a horse, rope a steer, shoot a gun or rifle before they left grade school. The school was called Piute Mountain School and the mascot was a cowboy. They were the Cowboys. They had an annual team penning competition to raise funds for the school. It was open range territory.
Liberals do not have that kind of authoritarianism.
gejohnston
(17,502 posts)That isn't authoritarianism. That is social norms. Authoritarianism is "I don't think people need ........ therefore it should it should be illegal". Yes progressives, what I call faux liberals, do have that kind of authoritarianism.
BTW, wearing western clothes if you are not a cowboy or not really country person, is a faux pas. The labels are goat roper, drug store cowboy, or simply the more modern term, poser. When I was in Korea, when Country music was a fad, I always found the ersatz cowboys at the NCO club on Country night amusing. I once busted out laughing when I saw a guy wearing a barrel racing trophy buckle.
I'm guessing you are talking about Piute County Utah? It could be because you were not Mormon. I have ran into that in cities like Salt Lake, even though my dad was one. Rural areas are just as culturally diverse, as in sub cultures, as are urban areas.
You might find it ironic, but many of the Greatful Dead songs were written by a cowboy in such a rural area.
http://en.wikipedia.org/wiki/John_Perry_Barlow
Cora, Wyoming, is a lot of things, but cosmopolitan isn't one of them.
upaloopa
(11,417 posts)was white. We all had horses and I constantly had to mend fences to keep the cattle off our propery. We all had some part of cowboy in us. We even had to round cows up out of the hills and drive them down the road to a truck loading pen.
Western clothes is what every one wore. It wasn't to play cowboy. It just was the way it was.
gejohnston
(17,502 posts)Most if not all the terms are Spanish loan words, including "ranch". IIRC, the term "buckaroo" is a poor Anglicization of the Mexican word Vaquero, which is why it is used in Texas and California more than say, Montana or Alberta.
Although some of my ancestors homesteaded in Wyoming after arriving from Europe, and I had summer jobs on ranches in high school, I'm more John Muir than Jessie Chisholm.
As far as the OP goes, I'm old school and against going in debt, especially to legal loansharks like Gemoney, for what is a luxury item for most people. If I don't have the cash for a gun, or any other non necessity, I come back when I do.
upaloopa
(11,417 posts)by how much horse shit stayed on their boots
I got that way from going to Cowboy Days in Las Vegas There people in brand new boots and shirts and genes with creases.
I don't think any of those boots touched horse shot,
oneshooter
(8,614 posts)
gejohnston
(17,502 posts)to paraphrase Jeff Foxworthy, if your you truck has a lot of shiny chrome and no mud or shit on your boots, you might not be a cowboy.
That said, I know some ranchers and horse people where that is their "Sunday best".
friendly_iconoclast
(15,333 posts)GreenStormCloud
(12,072 posts)Even though they are taking an action I disagree with. How does that bug you?
upaloopa
(11,417 posts)don't feel alone
Eleanors38
(18,318 posts)....butterfly belch in a typhoon.
tularetom
(23,664 posts)I mean we're talking about a few hundred bucks here. If you can't come up with the cash to buy something that costs less than a thousand dollars you have no business buying it. You need the dough for other things. Like food.
And I'm not just talking about guns. The same thing is true for any purchase in that price range like big screen TV's, computers, you name it. Save your pennies and wait.
upaloopa
(11,417 posts)computed on the unpaid balance rather than an straight amortization. Also miss a payment and you get penalties late fees. The cost is more likely twice the original price of the gun.
I am speaking from experience here but not for the purchase of a gun. My guess is that the purchaser has more than one gun and just has to have more thus the need for financing. Many of us use credit that way to live above our means.
GreenStormCloud
(12,072 posts)I make a CC purchase, keep receipt, when I get home transfer the same amount of money from checking to the CC. I could use my debit card but the CC gives between 1% to 3% cash back on purchases. (3% on gasoline, 2% on groceries, 1% on general purchases) and over a year's time that amounts up to hundreds of dollars.
With rare exceptions guns should only be bought with cash, so I agree with you. As you have already noted, paying off the entire balance monthly is the same as cash, just you don't have to carry it around.
gejohnston
(17,502 posts)that the banksters call you a "deadbeat" for that?
But hey, I love sticking it to "the man"
Straw Man
(6,947 posts)... usually offers promos, like "six months no interest" on some purchases. I've used them that way in the past. After six months, the interest is horrendous, but the trick is to pay off the purchase in time and pay no interest at all. They use the promo to get people in over their heads, but it can by played to the buyer's advantage.
clffrdjk
(905 posts)This is about financing the the store/manufacturer themselves. The financing is for things like payroll, rent, utilities, putting product on the shelves that kind of thing.
I have never seen a gun store offer financing, the only options for credit are the cards in your pocket. And right now with demand as high as it is I don't see that changing.
petronius
(26,696 posts)It's more common I think to do something like this for a car, but if you're spending an amount that you can't pay off immediately it may be that this sort of financing gets you better rates than a credit card...
clffrdjk
(905 posts)I did not know of such a service. I think I was recalling a story I heard about Bank Of America.
KM0201
(23 posts)Usually gun stores do not offer financing. Some offer Layaway, but I've never saw a gun store offer financing. As stated, this is for businesses needing credit for inventory, expenses, etc.
I've used GE to finance customers for several years (as they will typically finance almost anyone)... I would NEVER recommend them. I generally tell customers if there's anyway possible, not to use them. Outrageous interest rates, etc.. but I guess when you'll approve anyone, you can charge a premium.
Frankly, if GE doesn't want to support gun shops, I'm fine with that. Someone else will step up and fill the void.
Straw Man
(6,947 posts)No, this is for a consumer credit card. Bud's Gun Shop (a big retailer in Lexington, KY) used to offer one through GE Capital until GE pulled the plug on them. (Get it?)
KM0201
(23 posts)They basically jacked the "store" credit card that they backed.
Again though, someone else will just see this as a business opportunity.
holdencaufield
(2,927 posts)... you could use "Lay Away"
clffrdjk
(905 posts)Next you'll tell me that gun shows used to have more guns and ammo then beef jerky and beanie babies. Or how you could load a magazine for less then a tank of gas. Or that the mythical creature known as ammo used to fill the shelves at stores. That's just crazy talk.
holdencaufield
(2,927 posts)... guns and whiskey were free on election day in most states.