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AP Photo/Jeff Roberson Let’s be honest; most Americans are probably completely oblivious to the recent House Oversight Committee hearings targeting gun makers, much less the fact that Oversight chairwoman Carolyn Maloney issued a congressional subpoena against Smith & Wesson when its CEO declined to appear before the committee. It’s a big story for Second Amendment activists and the gun control lobby, but it’s also flying under the radar of most voters. So I had to laugh when I saw CNBC’s headline about Smith & Wesson CEO Mark Smith facing a “backlash” over his response to Maloney’s demands, because I’m not seeing any evidence of that anywhere.
As it turns out, the backlash that the news network describes appears to be limited to Maloney and her anti-gun allies ; hardly a shocking development. “The CEO of Smith & Wesson refused to testify before my Committee and face the families who’ve lost a loved one because of his company’s weapons of war,” Maloney said. “The Committee will not permit Smith & Wesson to dodge accountability or obscure the gun industry’s role in fueling our nation’s gun violence epidemic.” The Oversight Committee has been investigating America’s firearm industry. According to the panel, major gun manufacturers including Smith & Wesson have made over $1 billion in the last decade selling military-style weapons through allegedly manipulative marketing practices. Yeah, five gun companies collectively made $1-billion over a ten year period on the sale of modern sporting rifles. That’s not exactly a staggering figure, especially when you consider the money made in other industries. Cannabis sales, for instance, were estimated to be about $25-billion just last year. Even the kombucha market is valued at more than $2.5-billion per year , but then again, Maloney’s not trying to put Big Kombucha out of business or run for […]
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