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Gun sales haven’t spiked after Vegas massacre — because there is no hope of passing gun safety laws

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In the world of firearms, it’s relatively common knowledge that gun sales go up after mass shootings. But after the Las Vegas attack that left 58 dead and hundreds others injured, the owners of gun companies noted that sales haven’t spiked the way they normally do.

A report by The Intercept shows that in a recent earnings call, a partner at firearm accessory company Compass Diversified Holdings noted that they haven’t seen the typical spike after the Vegas mass shooting because there’s been substantially less threat of gun regulation in the aftermath.

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When asked by an analyst if the recent “fairly significant firearms incidents” had any effect on “demand,” Compass partner Elias Sabo offered a surprising explanation.

“There was a different tone being discussed surrounding gun control, and that doesn’t appear to be the case right now,” Sabo said on the November 9 call.

“I think it’s more likely attributable to the lack of discussion surrounding change in gun laws, which I think really spurred a lot of demand post the incidents,” he later explained.

Sturm, Ruger & Company, one of the country’s biggest gun manufacturers, noticed a similar lack in increased gun sales on their November 1 earnings call, The Intercept notes.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Here’s why Jeffrey Epstein surrounded himself with scientists

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The list of confidants and friends who were fêted by the late financier and alleged sex trafficker Jeffrey Epstein included a number of prominent scientists. Among the eye-popping names that appeared on the list: the late cosmologist Stephen Hawking, Nobel-winning physicist Murray Gell-Mann, evolutionary biologist Stephen Jay Gould, physicist Frank Wilczek, neurologist Oliver Sacks, and geneticist George M. Church.

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Trump just humiliated his own son with an absurd tweet about Greenland

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President Donald Trump confirmed multiple reports this weekend when he said that he does, indeed, hope to buy Greenland and make it part of the United States.

Danish Prime Minister Mette Frederiksen has said that the country, which is part of the Kingdom of Denmark, is “not for sale”: “Greenland belongs to Greenland.” Which should be the end of the story. Unfortunately, it’s not.

On Monday, Trump sent the following tweet, apparently trying to quell suspicions that the president just regards Greenland as another place to expand his business empire:

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Trump’s resolve on background checks ‘substantially softened’ after call from NRA’s Wayne LaPierre: NYT

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President Donald Trump has reversed his promises to fight for gun control, The New York Times reported Monday.

"Days after a pair of deadly mass shootings in Texas and Ohio, President Trump said he was prepared to endorse what he described as 'very meaningful background checks' that would be possible because of his 'greater influence now over the Senate and over the House,'" the newspaper reported.

"But after discussions with gun rights advocates during his two-week working vacation in Bedminster, N.J. — including talks with Wayne LaPierre, the chief executive of the National Rifle Association — Mr. Trump’s resolve appears to have substantially softened, and he has reverted to reiterating the conservative positions on the gun issue he has espoused since the 2016 campaign," The Times reported.

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