The gun grabbers are at it again with their BS.

http://www.nytimes.com/auth/login?URI=/2....

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If Guns Do Not Kill, Tax the Bullets

In 1993, a United States senator with one of the great political brains of 20th-century America, Daniel Patrick Moynihan, said that we ought to forget gun control as a way to stanch criminal violence. It was hopeless, Senator Moynihan pointed out: even if the sale of new guns was totally forbidden, there were already enough guns in homes and private hands to last the country for 200 years.

“These mostly simple machines last forever,” Mr. Moynihan said.

But he wasn’t through.

“On the other hand, we have only a three-year supply of ammunition.”

His solution: Increase the tax on bullets. He wouldn’t raise the tax on ammunition typically used for target shooting or hunting. But he proposed exorbitant taxes on hollow-tipped bullets designed to penetrate armor and cause devastating damage.

“Ten thousand percent,” Mr. Moynihan said.

That would have made the tax on a 20-cartridge pack of those bullets $1,500. “Guns don’t kill people; bullets do,” said Senator Moynihan, a Democrat who died in 2003.

Don't like the constitution? Move somewhere else.

Black markets for ammunition would pop up overnight.

Quote:

But he proposed exorbitant taxes on hollow-tipped bullets designed to penetrate armor and cause devastating damage

What morons. Glad this fukker is DEAD.

As for the NYT, for other peoples safety, chain the doors burn down their building, then tax their heirs for the clean-up

I'm with ya on the NYT thing, Low. Can't happen soon enough.

Quote:

Nine Great American Companies That Will Never Recover
By Douglas A. McIntyre

Many American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less than a decade. These firms become leaders in their industries, are renowned for innovation, phenomenal growth, and, in the case of public corporations, their soaring share prices. Google Inc. (NASDAQ: GOOG) usually makes the list, as does Apple Inc. (NASDAQ: AAPL). At the other end of the scale are well-known firms that are so crippled they go bankrupt or disappear entirely. Recently, these have included AMR, the parent of American Airlines, Borders, and Eastman Kodak.

Somewhere in the middle — between the companies that do phenomenally well and those that fail — are ones that were once leaders in their industries but have fallen hopelessly behind. They may remain in business for years or even decades after their best days. Their executives struggle to find better strategies, and often their boards seek new management. But, in the case of companies that fall permanently into trouble and well behind the leaders in their industries, the chance of a turnaround has passed. Competitors have taken too much market share, and often have stronger balance sheets. Or, their products and services are no longer in demand because of changes in the overall economy or the sectors in which they operate.

To compile a list of names that were once leaders in their industries, but are no longer and likely will never be again, 24/7 Wall St. looked at companies that have lost most of their market share, suffered sharp share price erosion, and posted a sharp drop in earnings, or even losses. We focused on companies that are included in the S&P 500. Almost all have lost money recently. Each has had a drop in share price of over 50% in the last five years. Each has powerful competitors who have built market share or moats around their businesses that are nearly impossible to overcome...


2. The New York Times Co. (NYSE: NYT)

The New York Times is, and has been for decades, the premier daily newspaper company in the US. But the company has been shrinking rapidly. Ten years ago, The New York Times Company made $300 million on revenue of $3.1 billion. Last year it lost $40 million on revenue of $2.3 billion. The New York Times did not move online fast enough to offset the rapid erosion of print advertising. Its tardiness allowed it to be challenged on the Internet by properties like The Huffington Post, Google News, and the news, sports, and financial properties of portals such as MSN, AOL, and Yahoo!. As an indication of how the stock market measures the value of The New York Times Company, its market cap is $1.2 billion against its revenue of $2.3 billion in 2011. Low-brow content aggregator Demand Media has a market capitalization of $865 million against 2011 revenue of $325 million. Demand lost $13 million last year. The reason the market values of the two companies are so close? The Times still relies on the dying print business for the lion’s share of its revenue. Its market cap and cash balance are too low to allow it to more aggressively move to the internet or buy large online properties. In the last quarter, The Times’ revenue was roughly flat at $515 million. The company lost 57 cents a share compared with a profit of 5 cents a share in the same period last year. The worst news from the quarter was that “Digital advertising revenues at the News Media Group decreased 1.6 percent to $52.6 million from $53.5 million mainly due to declines in national display and real estate classified advertising revenues.” The Times did make advances in online paid subscriptions, but circulation revenue barely offset the drop in advertising sales. At the heart of The New York Times’ uniqueness among American newspapers is the quality of its editorial content. The company has held the line on retaining its large editorial staff. It did lay off 100 people in 2009, which was about 8% of the news staff. The industry is in the midst of another wave of job cuts. The Times has not been able to show significant top-line growth, even with its digital subscription efforts. Print is in too much of a shambles for the company to shore itself up in the digital world.

http://finance.yahoo.com/news/nine-great....

And all you need is a drill bit (don't even need a drill!) or a knife to turn that solid bullet into a hollow point.

Idiotic.

The anti-gunners have solutions for that, too, Asi.

The obvious next step would be to make any alteration of commercially sold bullets a class 1 felony, coupled with requiring a manufacturing license from ATF, etc. to cast your own.

... a United States senator with one of the great political brains of 20th-century America, Daniel Patrick Moynihan, said...“Guns don’t kill people; bullets do,”

Yeah, he was a brilliant one, wasn't he... ****ing moron.

Quote:

hollow-tipped bullets designed to penetrate armor and cause devastating damage

There have been cases where hollow points have been stopped or severely slowed down by simple clothing. I can't remember where I saw it but it was a cop shooting someone and he had to empty the mag and didn't kill the guy. Most bullets were found at a depth less than 1". It was a 40 cal IIRC.

Give me a 38 special with lead cast semi-wadcutters. Or... My 45LC loaded hot with some semi-WC in it... With a 7-1/2 barrel and some trigger work I can put 5 out of 6 on a 10" paper plate at 75 yards with it consistently.

I don't know what's worse, how pathetic these people are or that they are running the country.

“Guns don’t kill people; bullets do”

This is a crazy world we live in, what with these inanimate objects running around killing people.

to be sure, anyone that kills a government official or others for that matter should not face any individual consequences

after all, he could not have purchased his gun from a store and walked to the place or drove to the place that the government built to kill the people without government building all that **** to begin with

so government is directly responsible for 100% of gun, or non gun related deaths, 100% of all disease, especially the communicable ones, and since government is immune...well there you go

so go ahead******pillage murder with zero consequence, the government did it after all.

thanks Obama !

They seem to be unaware that bullets can be made at home.

I've got a black powder pistol. Kills people just as dead. If you want to be an outlaw you can make your own black powder. Not even considered a firearm... shipped direct from the internet... go figure.