If anyone doesn’t remember what Operation Choke Point was, here is a little refresher. President Obama wasn’t able to get much of his agenda through legislation after losing the House of Representatives in 2010. Realizing that he wasn’t going to get his way in the open, he went underground with his “phone and pen” method of achieving results. Frank Keating laid out the scheme over at The Hill:
This program, known as Operation Choke Point, operated unrestrained for years. Officials at both the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) threatened banks with regulatory pressure if they did not bend to their will. Gun and ammunition dealers, payday lenders and other businesses operating legally suddenly found banks terminating their accounts with little explanation aside from “regulatory pressure.”
Perfectly legal businesses were put under pressure by their financial institutions. Some business owners woke up one day to find that their accounts had been closed for no good reason. This was the intended consequence of the corrupt Obama Administration. If they didn’t like what you did, they just starved you out of the market.
Now John Kerry is doing much of the same thing to the energy industry. He wants banks to stop doing business with anyone involved in the so called fossil fuel industry.
On the eve of Earth Day, 45 members of the U.S. House of Representatives delivered a letter to Special Presidential Envoy for Climate Change John Kerry accusing him of “abuse of power” for leaning on banks and other financial institutions to deny funding for fossil fuel-related entities in the name of fighting climate change.
As always, if the left can’t get you to buy into their crazy in the marketplace of ideas, they will just use whatever lever is at hand to beat you. The issue now though is that a lot of the corporations out there now have gone “woke.” So I wouldn’t be surprised if a few companies actually bow down and lick the boots of the climate religionist in chief.
What is sad about this is that the biggest advocates of this climate nonsense don’t believe in it. They talk a lot about it, and demand everyone around them get rid of their worldly possessions and move into mud huts, but they don’t. That is the most obvious tell in the whole game. If they really believed it, they wouldn’t have mansions and private jets.