Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Current Events & Hot Topics Current Events & Hot Topics

Sandy Hook Gun-Maker Profits Up 52 Percent In Year Since Massacre

Posted by on Dec. 15, 2013 at 2:11 AM
  • 119 Replies


The past 12 months have been unimaginably horrible for the loved ones of the victims of the Sandy Hook massacre a year ago, but they have been just fine for the maker of the gun used in that mass killing.

Freedom Group, also known as Remington Outdoor Company, announced this week that its profits have risen by 52 percent in the year after the tragedy, in which 20 school children and six staff members at Sandy Hook Elementary School in Newtown, Conn., were killed with a Bushmaster XM15-E2S rifle made by Remington.

The company expects profits in 2013 to reach $235-240 million, up from $156.5 million in 2012, according to an annual financial report released on the company's website.

Cerberus Capital Management, a private-equity firm that owns Freedom Group, announced after the Sandy Hook massacre that it would sell its interest in the arms company. Despite public pressure, Cerberus has yet to do that.

It's been a great year for gun makers generally. Sturm Ruger, the largest US gunmaker, will report earnings up 52 percent and sales up 39 percent over the past year, according to the Financial Times.

Though more background checks are being conducted, it's getting easier than ever to own a firearm. Seventy state laws loosening gun restrictions have been passed since Newtown, compared to only 39 tightening them, according to an analysis by the New York Times.

And as Congress continually fails to pass gun control legislation, it's likely that weapons manufacturers will continue to rake in the cash.


http://www.huffingtonpost.com/2013/12/13/sandy-hook-gun-profits_n_4442034.html?ncid=txtlnkushpmg00000037&ir=Politics

by on Dec. 15, 2013 at 2:11 AM
Add your quick reply below:
You must be a member to reply to this post.
Replies (1-10):
Aestas
by Gold Member on Dec. 15, 2013 at 2:42 AM
2 moms liked this

Sickening.

And before people come in here yelling about how tougher gun control isn't the answer because then only criminals will have guns, let it be known that Adam Lanza killed all those people with perfectly legal guns, and that in the months before the shooting, he was in gun forums posting about how he was worried about possible new gun legislation making it harder for him to get guns. Yes, he was.

billsfan1104
by Jules on Dec. 15, 2013 at 3:17 AM
13 moms liked this
Wrong. Adam Lanza killed with illegal guns. It became illegal when he killed his mother and STOLE them. At which point then became ILLEGAL.


Quoting Aestas:

Sickening.

And before people come in here yelling about how tougher gun control isn't the answer because then only criminals will have guns, let it be known that Adam Lanza killed all those people with perfectly legal guns, and that in the months before the shooting, he was in gun forums posting about how he was worried about possible new gun legislation making it harder for him to get guns. Yes, he was.

pixie92
by Platinum Member on Dec. 15, 2013 at 3:44 AM
1 mom liked this
Umm his mother legally bought the guns not him. Also lets not forget the mother was dumb to buy them and leave them where her mental son could use them on her and others. I highly doubt he bought any gun legally which means his bs on gun forums is just that bs because the guns he used were illegally obtained and then illegally used.

Quoting Aestas:

Sickening.

And before people come in here yelling about how tougher gun control isn't the answer because then only criminals will have guns, let it be known that Adam Lanza killed all those people with perfectly legal guns, and that in the months before the shooting, he was in gun forums posting about how he was worried about possible new gun legislation making it harder for him to get guns. Yes, he was.

Goodwoman614
by Satan on Dec. 15, 2013 at 3:49 AM
1 mom liked this

Legally purchased guns are the guns used to commit crimes with and to murder people.

The murdered people are just as dead.

JasonsMom2007
by on Dec. 15, 2013 at 3:49 AM
3 moms liked this
I've seen a huge increase around here in firearm ownership but it has nothing to do with Sandy hook. Most of the people I know who recently bought a gun did it because they don't trust the current government and want to be able to protect their family if it comes down to it.
Carpy
by Ruby Member on Dec. 15, 2013 at 4:55 AM
2 moms liked this

Freedom group is not also known as Remington Outdoor company.  Freedom Group also OWNS remington outdoor company.

Carpy
by Ruby Member on Dec. 15, 2013 at 4:59 AM
3 moms liked this

they were not perfectly legal.  They were stolen.

Quoting Aestas:

Sickening.

And before people come in here yelling about how tougher gun control isn't the answer because then only criminals will have guns, let it be known that Adam Lanza killed all those people with perfectly legal guns, and that in the months before the shooting, he was in gun forums posting about how he was worried about possible new gun legislation making it harder for him to get guns. Yes, he was.


Bonita131
by Bronze Member on Dec. 15, 2013 at 5:29 AM
3 moms liked this

Fight the NRA: 28,117 gun deaths since Sandy Hook must be remembered

There's a mass shooting in America every five days. Why do we lack the courage to do something about it?

Friday, Oct 25, 2013 09:00 AM PDT

Fight the NRA: 28,117 gun deaths since Sandy Hook must be remembered

A Sparks Middle School student, October 21, 2013 in Sparks, Nev. (Credit: AP/Kevin Clifford)

As of this week, estimates are that 28,177 Americans have died of gun violence since the Newtown, Conn. school shootings.

That’s 90 people every single day.

This includes a 2-year-old who, last weekend, fatally shot herself with a loaded .22-caliber pistol she found in her family’s living room. And it includes the 12-year-old who earlier this week opened fire at his middle school in Nevada and the teacher he killed in the shooting.

It includes, frankly, 28,177 more people than it should. And most of those 28,177 people don’t even register on our public radar as we become disgustingly numbed to the everyday prevalence of gun violence in our communities.

We don’t know all the solutions to gun violence and violence in general. But not having the perfect answer doesn’t mean we should do nothing at all — and we know some very simple and, not incidentally, very popular measures that we could take to curb gun violence.

Almost 9 in 10 Americans support universal background checks for gun sales — which is also supported by 75 percent of actual NRA members. Seventy percent of Americans support bans on military-style semi-automatic weapons and high-capacity ammunition magazines. Even a strong majority of NRA members think that people with certain types of recent criminal charges should not be able to buy guns and that illegally selling guns should carry a minimum two year prison sentence.

In addition to expanding mental health treatment and access for all Americans (Obamacare, anyone?), these simple gun safety laws would make a serious dent in our runaway gun violence epidemic.  So why the inaction?


Sure, it has something to do with the disproportionate stranglehold that the NRA leadership — divorced from the desires of their actual members — has on Congress, both Republicans, and to a disturbing extent, some key Democrats as well.  And sure, to an extent part of the challenge is that while a small number of gun rights extremists feel particularly passionate about this issue, the large majority of Americans who want sensible reforms don’t feel as impassioned. The persistence of the minority fringe trumps the desires of the reasonable majority. Tyranny of the majority, this ain’t.

But the other factor is surely the irony that we have become so inoculated to the massive and ever-present reality of gun violence that we shake our collective fist less and less vociferously in its constant wake. According to one report, there is a mass shooting every five days in the United States. Every five days! That is nothing short of horrifying. And yet like many horrors of a grand scale, whether global widespread poverty or rampant domestic violence against women, such social issues can seem overwhelming and therefore intractable.

Once in a while, an episode shocks our conscience and captures our collective attention for a moment or two, such as when a gunman bursts into an elementary school and kills six adults and 20 children in less than five minutes.  But more often, sadly, the cases of violent shootouts in cities like Chicago or suicides in small towns across America are so absurdly commonplace that we barely bat an eye. Or phone our members of Congress.

What’s most sad about this state of affairs is not that the overwhelming majority of Americans support common sense gun laws, or even that a majority of responsible gun owners support such laws and yet nothing happens. Nor is the most depressing fact that Congress fails to stand up to the fringe power of the NRA or that President Obama, generally ineffective at wielding political capital even when he has it, is not adept at pushing through Congress the basic reforms that are in all of our best interest.

No, what’s most sad is that 28,177 Americans have died in less than a year because of gun violence — a number that would never be zero, but would certainly be much lower if we patched our broken laws to ensure that dangerous people don’t have access to dangerous weapons.

And for those 28,177 families, even one less death would be a big deal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lga1965
by on Dec. 15, 2013 at 9:59 AM

 "Freedom"Group?

Oh boy.

lga1965
by on Dec. 15, 2013 at 10:04 AM

 He "stole" them from his Mother. His mother had legally purchased them. The two of them were nuts.

 

Quoting Carpy:

they were not perfectly legal.  They were stolen.

Quoting Aestas:

Sickening.

And before people come in here yelling about how tougher gun control isn't the answer because then only criminals will have guns, let it be known that Adam Lanza killed all those people with perfectly legal guns, and that in the months before the shooting, he was in gun forums posting about how he was worried about possible new gun legislation making it harder for him to get guns. Yes, he was.


 

Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN