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TARGETED: Firearms makers soar on talk of new controls Comment on this post ↓
January 5th, 2016 by Warren Swil

President takes aim

at gun lobby

with new measures

President Obama announces new gun control measures at the White House on Tuesday.

The national disgrace over gun safety in America is enough to make grown men weep.
Choking back his tears while surrounded by families of shooting victims today, President Obama did what only he could do: he focused national attention on an issue that has became a source of shame for all Americans.
“We need to feel the fierce urgency of now,” the president said, “because people are dying… first-graders in Newtown, Conn … first-graders! And the constant excuses for inaction … no longer suffice.”
Perversely – and only in America – the president’s remarks sent stocks in the biggest purveyors of firearms soaring on US markets.

Announcing limited executive action aimed at keeping some guns out of the hands of potential mass shooters, the president demonstrated he is certainly not a lame duck.
Speaking in the East Room at the White House, Obama was more emotional than usual, his frustration evident.
“Every year more than 30,000 Americans have their lives cut short by guns,” he said. “Hundreds of thousands of Americans have lost brothers and sisters, or buried their own children. A number of those people are here today.”

President Obama is flanked by families of shooting victims at the White House where he announced new gun control measures.

The president pointed out American exceptionalism on this issue. “…[W]e are the only country on earth which sees this kind of mass violence erupt with this kind of frequency. It doesn’t happen in other advanced countries,” he said.
This didn’t seem to faze the midgets running for the Republican nomination for president in 2016. Before the announcement, before they even knew the details of the proposals, without exception they derided the president’s action as unconstitutional or worse.
But the Democratic candidates were supportive. In a statement, Bernie Sanders expressed his changing views.
“It’s become clear that no mass shooting, no matter how big or bloody, will inspire Republicans to put children and innocent Americans over the interests of the NRA. They are simply more loyal to gun lobbyists than our children,” Sanders said. “That’s why I support President Obama’s executive actions to make our communities safer.”

GOP presidential candidate Ted Cruz took to Twitter to respond to Obama’s gun control proposals.

With the political classes so irreconcilable on the issue, other metrics may be more useful in gauging public reaction to the president’s proposals.
One of these can be seen in the performance of stock in America’s two biggest gun manufacturers after his announcement.
Almost instantly, the fortunes of these two companies soared, as reported in The Guardian in Smith & Wesson shares surge after Obama unveils gun control measures.
“Smith & Wesson shares have soared to their highest level in more than a decade as Barack Obama tearfully announced new restrictions on gun sales designed to reduce the nation’s epidemic of mass shootings,” The Guardian reported.
“Shares in Smith & Wesson rose by more than 12% on Tuesday to $26.30 after the world’s biggest gun company told investors that it expected bumper sales, as consumers have rushed out to buy more guns while politicians debate gun control legislation.”
It said sales had been so strong in the wake of the San Bernardino massacre, which left 14 people dead last month, that some distributors were beginning to run out of some of its most popular guns.
Shares in the nation’s other big listed gun company, Sturm, Ruger & Company, rose by 7.4% to $66 on Tuesday.
What is it about Americans that keeps so many clinging to the mistaken belief that owning a gun increases their security? A stubborn insistence on the right for individuals to be armed to the teeth is irrational in the face of overwhelming evidence that households where guns are present are far more likely to see accidental shootings or suicides.
And how many of the new gun owners have the training or expertise to respond in a mass shooting like those in Paris or San Bernardino? Not enough to make a difference.
While the new measures announced by Obama are unlikely to have a major impact, they do have far greater symbolic value: at least he is willing to take on the gun lobby to the extent that he can.
The president was realistic in his assessment.
“And although we have to be very clear that this is not going to solve every violent crime in this country, it’s not going to prevent every mass shooting, it’s not going to keep every gun out of the hands of a criminal, it will potentially save lives and spare families the pain and the extraordinary loss that they’ve suffered as a consequence of a firearm getting in the hands of the wrong people.”
Every life saved or one mass shooting prevented will be worth it.

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One Response  
  • Bjorn writes:
    January 6th, 2016

    Very well written! With less guns it MUST cut down on this insanity, we also must do MORE and be tougher to convict AND put away criminals and gang members, WITHOUT feeling sorry for them! The entertainment media MUST also take some blame in making death and destruction seem so exciting!


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