The Obama Administration has served as a shameful regime that has continually viewed the American people and the freedoms they possess as adversaries. No other president in American history has maintained such an adversarial relationship with the American people. With his executive fiats to the radicalization of his executive pitbull- the Department of Justice (DOJ)- Obama has rocketed to the head of the infamous club of tyrants populated by such foes of liberty as Richard Nixon and Lyndon Johnson.
Almost immediately upon ascending to the presidency, Obama and his former Attorney General, Eric Holder, began shady tactics to undermine our republic. The infamous Black Panthers who physically intimidated and threatened whites as they went to cast their votes in the 2008 elections were suddenly and quietly released from charges. Soon after, the Obama DOJ initiated Operation Fast and Furious, a scheme that required guns to be funneled to Mexican drug cartels as the Obama Administration painted the increased gun violence on the border as the result of American gun owners and gun dealers.
After Americans learned the details of this ugly scandal, Obama cloaked Holder in executive privilege to save him from further proceedings to for him to pay for his crimes.
Another odious DOJ operation still lingers, however. Operation Choke Point is a DOJ operation that essentially places pressure on financial institutions to stop doing business with “disreputable” businesses such as gun stores.
The program is a joint effort by the Department of Justice, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Board which targets businesses like gun stores, casinos, payday lenders and other legally-operated businesses which the Obama DOJ finds disreputable.
Unbelievably, the DOJ-mounted effort can force banks to cut-off ties with businesses simply by citing “reputational risks,” a vague term that denotes an arbitrary dislike of certain businesses or the product or service they provide.
Republican Rep. Blaine Luetkemeyer has proposed legislation which would prohibit the CFPB from strong-arming banks into cutting-off ties with businesses without material reason.
Understandably, the National Rifle Association blasted the unethical DOJ targetings as being designed to “harass and intimidate banks and financial institutions that work with firearm and ammunition retailers.”
“Congressman Luetkemeyer’s legislation puts an end to the Obama administration’s unwarranted attacks upon a legal and thriving sector of the American economy,” said Chris Cox, executive director of NRA’s Institute for Legislative Action. “On behalf of the NRA’s 5 million members, I’d like to thank Congressman Luetkemeyer for his steadfast support of the Second Amendment and congratulate him on the passage of H.R. 766.”
The Office of Management and Budget (OMB) claimed that actually requiring these agencies to show a cause for why they are targeting American businesses is “unnecessary” and “overly burdensome.”
“Requiring federal banking agencies to satisfy a written materiality requirement is unnecessary, overly burdensome, and could impede the federal banking agencies’ ability to ensure financial institutions comply with important regulatory obligations, including maintaining effective risk management and controls,” the OMB said. “Restricting the federal banking agencies in this way could unnecessarily and dangerously hinder or compromise important law enforcement and national security efforts.”
Worse yet, the Obama Administration has claimed that if the bill should make it to the president’s desk, he would likely veto it.
“Imposing burdensome and arbitrary standards hinder the ability of Federal financial regulators to protect the financial system and consumers from unnecessary risks,” said a release from Obama’s OMB. “If the president were presented with H.R. 766, his senior advisors would recommend that he veto the bill.”
It’s amazing that the Obama Administration can defend this program by claiming that this bill would impose “burdensome and arbitrary standards” when the program is designed to impose unfair burdens upon legally-owned businesses because they have come into the crosshairs of the DOJ because of “arbitrary standards.”
We are currently saddled with an administration that views it as acceptable to use government resources to strong-arm private-sector banks into squashing legally-operated businesses because of “reputational” reasons that cannot and will not be explained. Proposed requirement to force these maniacs to explain why they should be allowed to financially target these businesses have been labeled as “unnecessary” and “burdensome” and the top executive office in our country has threatened to veto such proposals.
For those who believe that we are living in a free country, this revelation that we are firmly in the midst of despotic rule must be unwelcomed news.