This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Could Shooting Be a Gun-Control Tipping Point?

By Calvin Woodward

WASHINGTON (AP) -- The question surfaces each time a mass murder unfolds: Will this one change the political calculus in Washington against tougher gun control?

The answer, after the Virginia Tech killings, the attempted assassination of Gabby Giffords, the Colorado movie-theater attack, the Wisconsin Sikh temple shootings, and more: No. But now?

The massacre at Sandy Hook Elementary School in Newtown, Conn., the bloodiest attack against youngsters in the nation's history, stands as a possible tipping point after Washington's decade-long aversion even to talking about stricter gun laws.

So it seems in the stunned aftermath, judging from President Barack Obama's body language as much as his statement. "We have been through this too many times," said the famously composed president, this time moved to tears. "We're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics."

It remains to be seen whether Sandy Hook will break the usual cycle of universal shock fading into political reality. That reality is based on a combination of powerful gun lobbying and public opinion, which has shifted against tougher gun control and stayed that way. However lawmakers react this time, it's the president's call whether the issue fades again or takes its place alongside the legacy-shaping initiatives of his time, with all the peril that could mean for his party.

With the murder rate less than half what it was two decades ago, and violent crime down even more in that time, gun control has declined as a political issue.

But New York Mayor Michael Bloomberg, a gun control advocate, heard the familiar in Obama's initial response, despite the striking emotion.

"Not enough," Bloomberg said of Obama's words. "We have heard all the rhetoric before. What we have not seen is leadership -- not from the White House and not from Congress. That must end today."

The Newtown shooter brought three guns into the school, and the weapons were registered to his slain mother, according to a law enforcement official who was not authorized to discuss information with reporters and spoke on condition of anonymity. The official said a Glock and a Sig Sauer, both pistols, and a .223-caliber Bushmaster rifle were found in the school after the attack, and a fourth weapon was recovered outside.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs