The Kenyan Usurper Hawaiian Devil Baby offered us today some news on gun control:
The Biden-led working group will produce “concrete proposals” by January that Obama said he “intend[s] to push without delay” and will include them in his State of the Union Address. Biden joined Obama at the announcement but did not speak.
“There’s already a growing consensus for us to build from,” Obama said. “A majority of Americans support banning the sale of military-style assault weapons. A majority of Americans support banning the sale of high-capacity ammunition clips. A majority of American support laws requires background checks before all gun purchases.” The new Congress, he said, should vote on all these measures and prioritize confirming a new leader for the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Holy crap, there has not been a head of ATF[E]? A quick trip to WikiPedia shows that for the past 6 years we’ve only had acting directors of the agency. Gee, I wonder why?…
But the other big news, and it might be the real reason the NRA is likely to be conciliatory is simple: investors are running away from Guns and Ammo in droves:
Cerberus said on Tuesday it would sell Freedom Group, whose AR-15-type Bushmaster rifle was used by a 20-year-old gunman to kill 20 children and six staff in Sandy Hook Elementary School in Newtown, Connecticut.
Cerberus’ move came after some of its investors had expressed concerns, including the California State Teachers’ Retirement System (CalSTRS), which said on Monday that it was reviewing its investment with the private equity firm.
It has long been the belief of Mock, Paper, Scissors that when you hit these guys in the pocketbook, things change. It finally got Glenn Beck off the air. But let’s continue:
The $150.1 billion New York State Common Retirement Fund is reviewing its investments in firearm manufacturers, a spokesman for New York State Comptroller Thomas DiNapoli said on Tuesday.
New York City’s pension funds are also reviewing investments and may sell nearly $18 million worth of stock in four companies that manufacture guns and ammunition, a spokesman said on Tuesday. The city’s mayor, Michael Bloomberg, has been a leading advocate for gun control in the U.S.
The city’s $128 billion pension funds hold nearly $14 million worth of shares in ammunition maker Olin Corp, $1.7 million in gun maker Smith & Wesson Holding Corp, $2.4 million in gun maker Sturm Ruger & Co Inc and $17,866 worth of stock in Brazilian gun maker Forjas Taurus SA.
Now we’re cooking with gas. The NRA is a lobby for weapon manufacturing, it is not a social club for gun nuts. They derive their real funding to bribe Congress from the manufacturers, not from dues. The dues-paying hunters are the rubes in this scenario.
Anyway, my best guess is that the NRA will not fight some new restrictions terribly hard because they want this to be over, and if they do fight and the regulations get tough, their lunch pails will get lighter.
Now back to Obama: we need to keep his feet to the fire. Honestly, he’s been a great friend to the NRA (not just that they like to use him as a boogie man to drum up support in their tinfoil hat projects): he signed legislation that allows gun nuts to bring weapons into the US National Parks and transport guns on Amtrak (in checked-in luggage). I’m sure he’s not really happy that some of us remember that.