Tucker investigates Cabelas

Feel sorry for those people. I know ideal about this.

I remember when the "merger" between Cabelas/BassPro was going on. I read some of the financials on Cabelas and while the previous couple of years were not their best, (and the company seemed to be on reasonably solid footing), it made zero sense to me that BassPro was interested in the company. My guess is BassPro wanted to take over their largest competitor, but it cost them dearly to do so.

Meanwhile, guys like Paul Singer and Mitt Romney are predators and the tax rate on profits from pure market manipulation like this should be about 90% IMO.

But...politicians are sell outs to guys like this as he buys them and sticks them in his hip pocket until he needs them (which is yet another reason to quit sending incumbents back to the House and Senate unless they do what is best for the country and not what is best for hedge fund billionaires).

The saddest thing of all is the people that lost everything. It's one thing to lose a job, but when you crater a town like this and the property values fall through the floor, it means bankruptcy for not only the former employees of Cabelas, but the owners of the small businesses that were supported by Cabelas and their workers.

Meanwhile, I wonder what companies Paul Singer has his eyes on now...

Lobbying is legal and here's a bit of background on why...

www.investopedia.com/articles/investing/043015/why-lobbying-legal-and-important-us.asp

Why Is Lobbying Legal?
Lobbying is often misinterpreted or criticized as bribery, which it is not. Lobbying is a practice performed by either individuals or organizations whereby public campaigns (which are legally registered with the government) are undertaken to pressure governments into specific public policy actions. The legality of lobbying comes from the Constitution and from our participatory democracy.


First Amendment Protection
Often overlooked in the many rights protected by the 1st Amendment is the right to lobby. While never expressly using the term “lobby,” the right “to petition the Government for a redress of grievances” is specifically noted. This translates into modern times as a right to lobby, a right addressed in the U.S. Constitution.


Lobbying Disclosure Act of 1995
By rule of law, the Lobbying Disclosure Act also provides for the legality of political lobbying. Concerning both the legislative and executive branches of the government, this act defines what constitutes a lobbyist and her required government registration, what lobbyist actions consist of, and how lobbyists must comply in order to avoid penalties. The Lobbying Disclosure Act was enacted to ensure that lobbying is publicly registered. While acknowledging the importance of lobbying, the act allows the public to evaluate any undue influences that may be affecting decision making in the government.

That may be possible for a larger city, but you're talking about a town of 6,500 people. I'd say multiple "eggs" would be difficult to attract.