Tuesday, February 13, 2018

"Remington files bankruptcy, let's blame Trump."

The headlines on Remington's bankruptcy are pretty funny. Not a sparrow can fall from a tree without Cheetoh Jesus catching the blame.

It can't have anything to do with shittastic QC, questionable product decisions, failed gun launches, or massive overleveraging by Cerberus (who is...thank God...losing control of the company.)

I remember being so excited when libertarian darlings of Cerberus first stuck their toe in the gun biz back in the early Aughties. I think Bushhamster was their first acquisition? Anyway, a decade and a half or so later, I have to ask: If a group of wealthy investors decided to try and destroy the domestic firearms industry, how would it have looked any different?