The big news of the day is that of Colt and the AR-15.
In a huge announcement the firearms manufacturer has stated that they will cease making the AR-15 for civilian markets…..
Gun-maker Colt is suspending its production of rifles for the civilian market including the popular AR-15, the company said Thursday in a shift it attributed to changes in consumer demand and a market already saturated with similar weapons. The company said it will focus instead on fulfilling contracts with military and police customers for rifles, the AP reports. “The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity,” Colt’s chief executive officer, Dennis Veilleux, said in a statement. “Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.”
Veilleux said the company, which emerged from bankruptcy in 2016, remains committed to the Second Amendment. He said the company is expanding its lines of pistols and revolvers. Despite a national debate on gun control, Colt’s decision seems driven by business considerations rather than politics, said Adam Winkler, a gun policy expert at the University of California, Los Angeles School of Law. Given “the history of Colt being a completely disorganized, dysfunctional company that goes into bankruptcy and can’t keep anything going properly, my assumption is that this is a business decision that is being driven by their own business problems,” he said. Still, Winkler said the company’s decision risks alienating and angering its remaining customer base.
A bit of good news for those people that want the weapon taken from the consumer marker (I am one of those)……
Will this cease the deaths?
Not at all.
It will just limit the amount of weapons available.
“Lego Ergo Scribo”
Ever noticed that when the media hands us a crisis to be afraid of, then gun sales hit record heights……there is of course ISIS and Ebola and….well hard to pen down the crisis du jour for Americans….but as I have said…..we need a good……why?
The number of Americans who live in a household with at least one gun is lower than it has ever been, according to a major American trend survey that finds the decline in gun ownership is paralleled by a reduction in the number of Americans who hunt. According to the latest General Social Survey, 32% of Americans either own a firearm themselves or live with someone who does, which ties a record low set in 2010. That marks a significant decline since the late 1970s and early 1980s, when about half of Americans told researchers there was a gun in their household. In 1977, 32% said they lived in a household with at least one hunter, but less than half that number say so now.
Data from the FBI’s National Instant Criminal Background Check System suggest the total number of firearms being purchased is going up. But those are concentrated in fewer hands than they were in the 1980s, the General Social Survey finds. The poll found that 22% of Americans own a firearm, down from a high of 31% who said so in 1985. The survey also finds a shrinking gender gap in personal firearm ownership, but a growing age gap, with 14% of adults under age 35 and 31% of those over age 65 saying they personally own a gun. In 1980, younger adults were only slightly less likely than older ones to report that they owned a gun.
Maybe the NRA should work harder on ‘everyone’ owning a gun and stop worrying about the price of bullets…..if they lose any more support then the firearm industry will have to kick in more cash….and if that is not profitable then they may have second thoughts about their bought and paid for politicians……
However the recent shooting in Ferguson ought to make sells soar again….thanx to the media.