Gun Stocks Soar Ahead Of Obama’s Gun-Control Executive-Action Tomorrow

Zero Hedge – by Tyler Durden

Despite a bloodbath in US equities, gun stocks are soaring this morning (Smith & Wesson up 7% and Sturm, Ruger up 3%) as ABC News reports, as we detailed yesterday:

  • *OBAMA MAY TAKE GUN CONTROL EXECUTIVE ACTION TOMORROW

With the Oregon standoff continuing, it appears “the world’s greatest gun sales-man” has done it again.  

As we previously noted, without a Democratic majority in Congress, and faced with a GOP that is firmly against any form of gun control measures, Obama has repeatedly warned that he would act on his own.

“We know that we can’t stop every act of violence. But what if we tried to stop even one?” Obama added. “What if Congress did something—anything—to protect our kids from gun violence?”

“The president has made clear he’s not satisfied with where we are and expects that work to be completed soon,” the White House spokesman added. In other words, it’s time for the president to micromanage yet another aspect of daily US lives, because Obamacare turned out so well.

One executive action that will almost certainly be unveiled is the “tightening” of rules for firearms sellers by requiring more of them to be licensed and, as a result, to conduct background checks on buyers.

Anything Obama does unveil will be met with stiff resistance.

Many gun-rights groups already have signaled opposition to new rules for private sellers and an expansion of background checks. And they have questioned whether Mr. Obama has the legal authority to act unilaterally.

Research by the National Rifle Association showed that dating back to the 2007 mass murder at Virginia Tech, none of the high-profile mass shootings has been conducted with a firearm bought from a private seller. Adam Lanza is believed to have stolen his mother’s gun after killing her then using it in the Sandy Hook Elementary School massacre.

“I don’t think the president has the authority to redefine what a dealer is because that is defined in existing federal statute,” said Dave Workman, senior editor of the Second Amendment Foundation’s The Gun Mag. “He can’t snap his fingers and suddenly say to someone who sells a gun at a gun show is now a dealer. That would take congressional action.”

Meanwhile, while the US wait to see what executive orders Obama will implement, at the state level numerous gun-related laws just kicked in starting in the new year.

Ironically, instead of implementing executive orders, what Obama should do instead if he wants to make an immediate change, is focus on his home state. According to the Chicago Tribune, Chicago’s first homicide of 2016 occurred barely 2 hours into the new year.

Two people were shot in the 4600 block of South St. Lawrence Avenue at about 2 a.m., police said. One of them, a 24-year-old man, reportedly had been arguing with someone who pulled out a gun and shot him in the chest. He was declared dead on the scene.

In the latest homicide, a 36-year-old man was shot in the chest and died at a hospital, said Nicole Trainor, a spokeswoman for the Chicago Police Department. The shooting happened at 6:40 a.m. in the 1900 block of West Garfield Boulevard in the city’s Back of the Yards neighborhood, said Trainor. The victim was driving a sport-utility vehicle westbound on Garfield when he heard shots and realized he’d been wounded, said Officer Janel Sedevic, a spokeswoman for the Chicago Police. The 36-year-old was driven to the Artesian Avenue and 55th Street where an ambulance was called and he was taken to Stroger Hospital where he died, Trainor said.

In short, eradicating gun violence in Chicago (and D.C.) would likely do miracles for the average gun homicide rate across all of the US. Which is why it will never happen.

Meanwhile, if Obama wants to truly curb gun ownership at the national level, the solution there is also simple, as the following chart from the NYT reveals:

He should resign.

http://www.zerohedge.com/news/2016-01-04/gun-stocks-soar-ahead-reported-gun-control-executive-action-tomorrow

11 thoughts on “Gun Stocks Soar Ahead Of Obama’s Gun-Control Executive-Action Tomorrow

  1. “I don’t think the president has the authority to redefine what a dealer is because that is defined in existing federal statute,” said Dave Workman, senior editor of the Second Amendment Foundation’s The Gun Mag.”

    Your ‘foundation’ is NAMED after the 2nd, and you “DON’T THINK” THAT THAT COMMIE POS HAS THE AUTHORITY TO ABROGATE THAT PERIOD?????

    idiot

  2. I do not recognize E.O’s

    they are not law

    Congress is showing that it has no balls .. this punk should have been delt with , yet they sit

    the entire situation is being given way too much weight

    all free men have to do is ignore the asshat potus

  3. Gun manufacturers are about to make a killing. That’s because they know that most Americans will buy new guns that meet the restrictions of new gun-control laws, rather than risk arrest and punishment from Uncle Sam. Gun manufacturers will have a whole, new line of guns with 10-round mags, no military features or just sell a bunch of wheel guns and bolt-action rifles.

  4. What i have was done legally. I have no intentions of saddling up to any new regulations that some imposter desides to scribble down on his fake letterhead and sign. The second tells me what is legal and that is the only law that anyone should have to follow. They are desperate and desperate people make bad mistakes. Stay frosty everyone.

  5. I suggest everyone quit bickering over the illegal activities of the bi-sexual President and saddle up for war! It is in our faces and the time for talk is long over. You need not be concerned about starting the war, it will be brought to you by the praetorian guard of the sodomite, Hussein Obama. The fight will be ugly and it will be long. Perhaps decades. Go buy more ammo this very day.

  6. “Ironically, instead of implementing executive orders, what Obama should do instead if he wants to make an immediate change, is focus on his home state. According to the Chicago Tribune, Chicago’s first homicide of 2016 occurred barely 2 hours into the new year.”

    HAHAHAHAHAHA! I’m sorry, I shouldn’t laugh, but it just sounds too funny.

    Wow, 2 hours into the new year. That didn’t take long now did it? You’d almost think they were implying that some criminals in Chicago were competing to see who could be the first to make the first kill of the year.

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