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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Could Shooting Be a Gun-Control Tipping Point?

One certainty in the weeks to come is that both parties in Washington will carefully watch public opinion on gun control and the Second Amendment, and whether any impact lasts.

Opposition to stricter laws has proved resilient. Firearms are in one-third or more of households and suspicion runs deep of an overbearing government whenever it proposes expanding federal authority. The argument of gun-rights advocates that firearm ownership is a bedrock freedom as well as a necessary option for self-defense has proved persuasive enough to dampen political enthusiasm for substantial change.

In July, a gunman opened fire on Aurora, Colo., theatergoers watching the Batman movie, "The Dark Knight Rises," killing 12 people. The next month, an Associated Press-National Constitution Center poll found that 49 percent of Americans felt laws limiting gun ownership infringe on the right to bear arms, while only 43 percent said such laws do not infringe on those rights.

By many measures, Americans have changed on the question since the 1990s, when people favored gun control over gun rights -- by a 2-to-1 margin in polling after the 1999 Columbine High School massacre in Colorado. In a Gallup poll last year, 55% said gun laws should stay the same or be more lenient, while 43% wanted them toughened.

None of this is lost on Washington, where most Democrats long ago abandoned their advocacy of gun control, convinced that it is a losing issue for them. Obama has proposed reinstituting a federal ban on military-style assault weapons that lapsed years ago, but he's put no weight behind it, while signing laws letting people carry concealed weapons in national parks and in checked bags on Amtrak trains.

After the movie-theater attack, Obama declared "we should leave no stone unturned" to keep young people safe in a speech indicating he would challenge Congress to act on gun control. That expectation lasted for one day. The White House swiftly clarified that Obama would not propose stiffer gun laws this election year and favored more effective enforcement of existing law -- a position hardly distinguishable from that of his Republican rival, Mitt Romney.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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