This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

America Returns to McCarthyism, With Hypocrisy to Boot

NEW YORK (TheStreet) -- Is there anybody out there who hasn't heard of a third-rate provider of unhealthy fast food called Chick-fil-A? I certainly hadn't, not until I'd heard that the president of the company had mouthed off about gay marriage -- and how a campaign was afoot to punish the company by banning its outlets.

Chick-fil-A President Dan T. Cathy is no dummy, and I'm sure he realized he would set off a furor when he told a Baptist journal that his company was "very much supportive of the family -- the biblical definition of the family unit." I have no doubt that he knew he would tick off gays, and delight fundamentalist Christians, when he said: "I think we are inviting God's judgment on our nation when we shake our fist at him and say, 'We know better than you as to what constitutes a marriage.' "

So I have no sympathy for Chick-fil-A, and hope it gets hurt in the pocketbook. People annoyed with this company are right to take their business elsewhere, and urge others to do so. There's already ample reason not to eat there -- the sale of allegedly carcinogenic products. So a boycott is a sensible expression of outrage, just as it makes sense not to patronize companies that pollute the Gulf of Mexico or cyberstalk their critics.

But I have a real problem with the rising tide of hysteria that has formed over Chick-fil-A. It's gone well beyond voting with one's feet, with politicians intervening to inflict real damage on the company, using their muscle to have Chick-fil-A franchises banned from their cities. The Washington Post notes that the mayors of Chicago, Boston and San Francisco have warned Chick-fil-A not to pursue new franchises in their cities, and to stay out if they aren't already there. San Francisco Mayor Edwin Lee said on Twitter that the "Closest #ChickFilA to San Francisco is 40 miles away & I strongly recommend that they not try to come any closer."

This mounting tide of fury against Chick-fil-A is bad for several reasons, one of which is its resemblance to McCarthyism.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs