Fundamental Analysis

Gun control measures expected to win in four states

By Joseph Ax

NEW YORK (Reuters) – Gun control-related ballot measures in four states are expected to pass on Tuesday, opinion polls show, after gun safety advocates poured a massive amount of money into backing the initiatives.

In Maine and Nevada, residents will vote on whether to mandate universal background checks for firearm sales, including private handgun transactions.

If those two measures pass, half of all Americans would live in states that have such expanded checks. Eighteen states and Washington, D.C., have already approved similar laws. (Graphic: Gun issues on the ballot http://fingfx.thomsonreuters.com/gfx/rngs/USA-ELECTION-GUNS/010030CD0QX/index.html)

Voters in Washington state, meanwhile, will consider allowing judges to bar people from possessing guns if they pose a danger to themselves or to others, such as accused domestic abusers. In California, a referendum would ban large-capacity ammunition magazines and require certain people to pass a background check to buy ammunition.

The U.S. Constitution’s Second Amendment protects the right to bear arms, and gun rights advocates fiercely contest any attempt to restrict that freedom.

The votes in Republican-leaning Maine and Nevada represent a key test of the gun control movement’s decision to turn to a state-by-state strategy after efforts to pass nationwide legislation failed in Congress.

Opponents in Maine and Nevada say the laws are confusingly written and would burden legal gun owners while doing nothing to stop criminals.

“We know today that the place where criminals are getting guns, the black market, they aren’t subjecting themselves to background checks,” said Ryan Hamilton, a spokesman for the National Rifle Association-backed opposition in Nevada. “It doesn’t target criminal behavior, it targets law-abiding behavior.”

But proponents say background checks are widely backed by the public and would save lives.

Jennifer Crowe, a spokeswoman for the pro-initiative campaign in Nevada, said research had shown nearly one in 11 people who purchased guns online would have been barred from doing so by a background check.

“We have this huge online marketplace that we know criminals are using to get guns,” she said.

Everytown for Gun Safety, the gun control group founded by billionaire former New York City Mayor Michael Bloomberg, has spent tens of millions of dollars in Washington state, Nevada and Maine, while the National Rifle Association has focused much of its spending on supporting Republican presidential nominee Donald Trump.

In Nevada, the most expensive contest, the background check campaign collected more than $14 million, much of it from Bloomberg. The NRA devoted $4.8 million to fighting the measure.

Advertisement

Click To Join Our Community Telegram Group

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

View Comments

Recent Posts

Weekly Summary And Review 15th November 2024

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of November…

2 days ago

Futures Subdued In Lead Up To Economic Data, Powell Speech

U.S. stock index futures were little changed on Thursday as investors awaited a fresh batch…

3 days ago

Silver Technical Analysis And Short Term Forecast

Hi Traders! Silver technical analysis and short term forecast is here. We do our analysis…

3 days ago

SP500 Short Term Forecast Update And Follow Up

Hi Traders! SP500 short term forecast update and follow up is here. On November 5th,…

4 days ago

GBPCAD Short Term Forecast And Technical Analysis

Hi Traders! Today I am sharing with you the GBPCAD technical analysis and short term…

4 days ago

Bitcoin Short Term Forecast Update And Follow Up

Hi Traders! Bitcoin short term forecast follow up and update is here. On August 28th,…

5 days ago