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Smith and Wesson on Gun Control: 5 Quotes From Heated Debate

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By    |   Tuesday, 07 Apr 2015 01:41 PM

Smith & Wesson firearms have long been part of the heated gun control debate, which intensified with the Newton, Conn. school shooting in 2012.

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Here are five quotes from the debate on gun control regarding Smith & Wesson firearms.

1. In reaction to the 2000 agreement between the Clinton administration and Smith & Wesson in which the brand agreed to gun regulations, the American Derringer CEO Elizabeth Saunders had harsh words.

"In all the years I have been in business, I have never seen anything so blatantly un-American as that agreement," said Saunders, after she reviewed the entire 24-page document. "The establishment of a government oversight commission with virtually unlimited authority and no accountability is in itself a violation of the basic American concept of free enterprise. No reasonable business person could possibly sign this thing."

2. Smith & Wesson CEO and President James Debney addressed the Massachusetts legislature in 2013, vowing to support his company and back his employees by not bowing down to government pressure on gun control.

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"It almost took down the company," he said, as reported by MassLive.com. "We won't make that mistake again. At the end of the day, shooting is a passionate sport."

Debney’s testimony was referring to Smith & Wesson’s actions of working alongside the government in the past in order to avoid lawsuits.

3. The state of California began requiring microstamping in semi-automatic weapons in 2014 in an effort to increase gun control. Smith & Wesson sacrificed sales in the state and refused to comply. The process would require imprinting its make, model, and serial number onto shell casings when a bullet is fired.

The company issued the following statement on the heels of the California legislation: “Smith & Wesson does not and will not include microstamping in its firearms," the statement said. "The microstamping mandate and the company's unwillingness to adopt this so-called technology will result in a diminishing number of Smith & Wesson semiautomatic pistols available for purchase by California residents.”

The company also called the technology flawed, according to the Los Angeles Times.

“A number of studies have indicated that microstamping is unreliable, serves no safety purpose, is cost prohibitive and, most importantly, is not proven to aid in preventing or solving crimes."

4. Dan Caplinger, a financial writer for The Motley Fool, said he believes Smith & Wesson’s position is never constant and responds to public pressure, which puts the company at risk.

“Smith & Wesson is the focal point of the gun debate in the stock market, drawing fire from gun-control advocates and often responding to current events and potential shifts in government policy toward the industry. After years of seeing revenue surge due to gun buyers' fears about the Obama administration's efforts to impose tighter laws on firearms sales, many believe the end of the gun boom might finally be here, and that has made Smith & Wesson shareholders nervous.”

5. According to Forbes, talk of gun regulation is good for the firearms industry, including Smith & Wesson.

“Threats to the availability of guns and ammunition, like the enhanced background checks Congress has been toying with, always make sales of guns and ammunition climb. That was a big reason Smith & Wesson’s revenue growth soared in the months after President Obama and his gun-regulating sentiments were elected in 2008.”

This article does not constitute legal advice. Check the current gun laws before purchasing or traveling with a firearm.

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Smith & Wesson firearms have long been part of the heated gun control debate, which intensified with the Newton, Conn. school shooting in 2012. Here are five quotes from the debate on gun control regarding Smith & Wesson firearms.
guns, smith wesson, gun control
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2015-41-07
Tuesday, 07 Apr 2015 01:41 PM
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