Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (761384)	1/5/2014 1:17:35 AM
From: joseffy	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1574680

Fallujah falls to al-Qaeda, Obama goes golfing ........................................................................................ Examiner ^ \| 1/4/14 \| Robert Elliott

To: puborectalis who wrote (761384)	1/5/2014 4:39:22 PM
From: longnshort	2 Recommendations Recommended By FJB joseffy Respond to of 1574680

Colorado Dems blamed for $80M punch to gut with Magpul pulling up stakes January 5, 2014 by Michael Dorstewitz 3 Comments Photo Credit: The Washington Times Thanks to the gun control blitzkrieg led by Democratic lawmakers last year,Colorado is about to take a hit in the wallet in the midst of an already anemic economy, and lose hundreds of private-sector jobs at a time when they can least afford it. You can’t say no one was warned. Popular gun accessory manufacturer Magpul Industries told the legislature they’d be pulling up stakes if the lawmaker went through with their gun control scheme. And it wasn’t bluffing. Operations will now be divided between Wyoming and Texas. But what that means for the state is an annual $80 million punch to the gut and 200 jobs moved out-of-state, according to The Washington Times. The Times reported: A year ago, the rapidly expanding firm was preparing to build a state-of-the-art facility in Broomfield, but pivoted after the gun-control bills gained steam. Magpul was founded in 1999 by CEO Richard Fitzpatrick in the basement of his home in Longmont, Colo. “I am saddened to see this completely partisan law, widely considered unenforceable by sheriffs across Colorado, cause Magpul to leave our state,” Rep. Lori Saine said on the Colorado House GOP website. The bill deeply divided lawmakers along party lines. “The magazine ban did not garner one Republican vote in the House or Senate, and now as a result of this one-sided, Democrat sponsored law, more than 200 people will lose their jobs and their ability to provide for their families. Additionally, the move will cost the state of Colorado over $80 million dollars a year in revenue,” Saine said on the same site. Following the vote, two Democratic state senators lost their seats in recall elections held in September — Senate President John Morse and Sen. Angela Giron. Smelling blood after the success of that effort, another recall effort was aimed squarely at Sen. Evie Hudak. She resigned, however, a week before recall petitions were planned to be submitted. “Democrats got what they wished for yesterday when Magpul Industries announced it would be leaving Colorado and taking over 200 jobs with them,” Senate Minority Leader Bill Cadman said in a statement Friday. “It’s unfortunate that Democrats willingly chased a quality business like Magpul Industries out of Colorado for no reason other than petty politics. It’s even more unfortunate for the over 200 Coloradans who will be losing their jobs and falling behind on their bills as a direct result of irresponsible legislation from Democrats in Denver.” One Republican lawmaker couldn’t help but remark on Magpul’s change in plans for the Centennial State in just 12 months. “2013 began with Magpul planning expansion in Colorado. Now 2014 begins with the announcement that Magpul will move 92 percent of its operation to Wyoming and Texas,” Sen. Greg Brophy said in a statement according to The Times. “Be careful what you ask for — you might get it,” is an oft-heard statement reminding us that every wish carries with it unforeseen consequences. In this case Colorado Democrats knew what the consequences would be, but they went ahead anyway.