Human Events: Operation Choke Point is government run amuck
By Matt Schuck
March 13, 2015
Liberal economist and health care advisor Jonathan Gruber was forced to testify before a House committee months ago to explain and apologize for his now infamous comments about the “stupidity of the American voter.”
While Gruber was scolded by members of both parties for callously dismissing the actions of millions of Americans, his comments represent a feeling all too common among the Beltway establishment. They will not admit it, but they really believe that voters are dumb and consumers need government to protect them from themselves.
A new program from the Obama Administration operates under the same idea as Gruber, and I bet you haven’t even heard about it...until now.
Operation Choke point is an Obama Administration Justice Department program created in 2013 to intimidate banks into not loaning money to businesses that they simply do not like. This means that gun shop owners, tobacco retailers, and other companies like this are going to be feeling the stranglehold of government.
Already, they have used the program to block credit being issued to small business owners and have put gun dealers out of business. They have targeted companies that sell fireworks. They targeted online gaming companies. They went after tobacco sellers and dating services. They have even targeted loan companies if they don’t favor the rates and the recipients, such as “payday” loan companies.
Read the full article here.