The company that makes one of the weapons used to kill elementary school children in Connecticut is being put up for sale by its owner, which called Friday’s tragedy a “watershed event” in the debate over gun control.
The private-equity group Cerberus Capital Management said Tuesday it will sell its controlling stake in Freedom Group International, the maker of Bushmaster rifles. Investors also continued to bail out of other gunmakers while the retailer Dick’s Sporting Goods said it would stop selling military-style rifles.
The activity comes as the political winds appear to be shifting. Some Republicans now say they’re willing to discuss the issue of gun control – along with mental health issues and violent video games,
Cerberus cobbled Freedom Group together by buying Bushmaster, Remington, and other well-known gun brands starting in 2006. On Friday, a gunman using what is believed to have been a Bushmaster military-style rifle killed 26 people at Sandy Hook Elementary School in one of the worst mass shootings in U.S history. SOURCE
According to MADD, Mothers Against Drunk Driving, in 2010, 211 children were killed in drunk driving crashes. Out of those 211 deaths, 131 (62 percent) were riding with the drunk driver.
Over 1.41 million drivers were arrested in 2010 for driving under the influence of alcohol or narcotics. MADD – Statistics
It’s ILLEGAL to drive under the influence! Maybe we need to outlaw alcohol? Oh, wait, that’s already been tried and it was a miserable failure.
I know … force all the car makers worldwide stop making cars and ban all existing cars. That should take care of the drunk driving issues shouldn’t it?
Of course it won’t, and those ideas are about as silly as a ban on a particular type of rifle or the company that makes that particular rifle selling their company because a few, VERY few, lunatics have used their rifle to commit heinous acts of carnage!
“It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level,” Cerberus wrote in announcing the planned sale. Cerberus owned 95 percent of Freedom Group, according to a year-end 2011 filing for the gunmaker on its website.
Freedom Group said it’s the largest firearms manufacturer in the U.S. It sold 1.1 million rifles and shotguns last year, along with 2 billion rounds of ammunition. Its products are sold to law enforcement and military customers, as well as retailers who sell them to hunters and gun enthusiasts.
Right about now is when I wish I was a man of means. I see an opportunity to take a company that is, apparently owned by a group of *feel-good* egg-heads that are getting rubbery knees because some LOON used a gun made by them to commit mass murder and make a fortune.
• While the perception in the wake of this year’s mass shootings has been that such acts are on the rise, the Associated Press found that it’s actually the exact opposite when you look at the data on a macro level.
• “There is no pattern, there is no increase,” says criminologist James Allen Fox of Boston’s Northeastern University.
• He adds that the random mass shootings that get the most media attention are the rarest.
• While mass shootings rose between the 1960s and the 1990s, they actually dropped in the 2000s. And mass killings actually reached their peak in 1929, Grant Duwe, a criminologist with the Minnesota Department of Corrections who has written a history of mass murders in America, says.
• Chances of being killed in a mass shooting, he says, are probably no greater than being struck by lightning. SOURCE
But now about half of the nation is running around like a chicken with its head cut off, screaming and crying about the EVIL of GUNS and GUN OWNERS, when in all truth, the facts just don’t substantiate their allegations.
But Freedom Group is going to run like cowards, the anti-gun cabal is going to get even more hysterical, the POTUS is going to make bold speeches, many in the Senate and House will stand with the POTUS and his HOT AIR and all the while American gun owners will continue to be blamed for everything that’s wrong with America.
BAN ICE CREAM … and CHEESE BURGERS … and CARS … and oh hell, just ban everything in the world because ALL of that is as much responsible for the recent shooting as is a gun!