Free Markets, Free People

Daily Archives: January 17, 2013

Economic Statistics for 17 Jan 13

The following US economic statistics were announced today:

Housing starts in December rose a sharp 12.1%, to a pace of 0.954 million units, following Novembers -4.3% drop.

Initial Jobless Claims fell much more than expected, down 37,000 to 335,000. The 4-week average fell 6,750 to 359,250, but continuing claims rose 87,000 to 3.214 million.

The Bloomberg Consumer Comfort Index fell 1.1 points points to -35.5.

The Philadelphia Fed Survey fell back into negative territory again, coming in at -5.8.

Dale Franks
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Question of the day: how do you enforce “universal background checks?”

A part of the legislative gun control package and executive orders President Obama has set in motion includes this:

Mr. Obama would require background checks for private sales between individuals, including those at gun shows and via the Internet. Expanding the checks is the “single most important thing we can do,” a senior administration official said.

Sounds reasonable on the surface, right?

But then the deeper question – how would this have to be accomplished?

Well, let’s see – there’s no way to track how well this law is being followed unless you are able to identify all the guns that this requirement would cover.  And, of course, it would cover every existing gun out there now, right?  Isn’t that what “universal” means?

So what is required?

Ah, gun registration.  Every single, solitary gun that is legally held by the public would have to be registered so the Fed could then track sales and ensure that “proper background checks” were executed.  If not, then we have a new crime with which to prosecute citizens and populate our jails.

Oh, and the crimnals?  Yeah, they’ll play along, won’t they?

Can’t wait to watch the gang-bangers in Chicago line up to register their guns and do background checks before selling them.

Absurd.  And useless.