In the aftermath of the Sandy Hook shootings one year ago, many promises were made. Private-equity firm Cerberus Capital Management promised to sell the company that manufactures the assault weapon used by shooter Adam Lanza. In response to public outrage, politicians promised to ensure that this wouldnt happen again.
One year later, Cerberus still owns the Freedom Group, and its no wonder why. Freedoms net profit went from $500,000 in January-September 2012 to $94 million for those months of 2013. Most of that growth came from sales of industry-dubbed modern sporting rifles, including the Bushmaster XM-15 assault rifle used in the shootings. We should all ponder what it says about our country that this models sales skyrocketed after the shootings.
One year later, the NRA has blocked all significant gun legislation by threatening to withdraw its considerable financial clout from politicians who support even the most common sense restrictions.
One year later, three Freedom Group executives have been honored by the NRA for contributions of $1 million each. And one year later, 194 more children ages 12 and under have died from gun violence. Again, we should ponder what this says about us and what we value.