• Wed. Oct 5th, 2022

Smith & Wesson CEO blames politicians and information media for gun violence

Bycbs editor

Aug 19, 2022

Smith & Wesson’s CEO is faulting “politicians and their lobbying companions withinside the media” for expanded gun violence throughout the U.S., announcing guns producers are being unfairly blamed.

The written feedback with the aid of using Mark Smith, published Monday in a announcement at the organization’s website, got here weeks after the govt refused to testify earlier than the House Oversight Committee, that is investigating the firearms enterprise withinside the wake of more than one mass shootings. The panel started its probe in past due May after a complete of 31 humans died in mass shootings at a grocery shop in Buffalo, New York, and an basic faculty in Uvalde, Texas, inside a two-week period.

Rep. Carolyn Maloney, D.-N.Y., the panel’s chair, has subpoenaed Smith & Wesson for data approximately the manufacture, sale and advertising of the military-fashion semi-automated rifles used withinside the shootings.

Smith & Wesson and 4 different gunmakers have generated greater than $1 billion in sales from promoting such firearms to civilians over the last decade, the panel located, bringing up statistics furnished with the aid of using producers.

But Smith sought to painting lawmakers and reporters as answerable for gun deaths. “They are those in charge for the surge in violence and lawlessness, and that they are trying to find to keep away from any obligation for the disaster of violence they’ve created,” he wrote.

“We will in no way backpedal in our protection of the Second Amendment,” Smith declared in his announcement, which changed into additionally published in complete with the aid of using the National Rifle Association on its website.
“Dodge duty”

The govt’s phrases drew a robust rebuke from Maloney.

“It is unconscionable that Smith & Wesson remains refusing to take obligation for promoting the attack guns used to bloodbath Americans. Clearly, Smith & Wesson will do some thing to guard the tremendous income it collects promoting lethal attack guns,” Maloney said on Thursday in an electronic mail to CBS MoneyWatch. “The committee will now no longer allow Smith & Wesson to stay away from duty or difficult to understand the gun enterprise’s function in fueling our nation’s gun violence epidemic.”

MoneyWatch
Smith & Wesson CEO blames politicians and information media for gun violence
moneywatch

By Kate Gibson

August 18, 2022 / 4:04 PM / MoneyWatch

Smith & Wesson’s CEO is faulting “politicians and their lobbying companions withinside the media” for expanded gun violence throughout the U.S., announcing guns producers are being unfairly blamed.

The written feedback with the aid of using Mark Smith, published Monday in a announcement at the organization’s website, got here weeks after the govt refused to testify earlier than the House Oversight Committee, that is investigating the firearms enterprise withinside the wake of more than one mass shootings. The panel started its probe in past due May after a complete of 31 humans died in mass shootings at a grocery shop in Buffalo, New York, and an basic faculty in Uvalde, Texas, inside a two-week period.

Rep. Carolyn Maloney, D.-N.Y., the panel’s chair, has subpoenaed Smith & Wesson for data approximately the manufacture, sale and advertising of the military-fashion semi-automated rifles used withinside the shootings.

Smith & Wesson and 4 different gunmakers have generated greater than $1 billion in sales from promoting such firearms to civilians over the last decade, the panel located, bringing up statistics furnished with the aid of using producers.

But Smith sought to painting lawmakers and reporters as answerable for gun deaths. “They are those in charge for the surge in violence and lawlessness, and that they are trying to find to keep away from any obligation for the disaster of violence they’ve created,” he wrote.

“We will in no way backpedal in our protection of the Second Amendment,” Smith declared in his announcement, which changed into additionally published in complete with the aid of using the National Rifle Association on its website.
“Dodge duty”

The govt’s phrases drew a robust rebuke from Maloney.

“It is unconscionable that Smith & Wesson remains refusing to take obligation for promoting the attack guns used to bloodbath Americans. Clearly, Smith & Wesson will do some thing to guard the tremendous income it collects promoting lethal attack guns,” Maloney said on Thursday in an electronic mail to CBS MoneyWatch. “The committee will now no longer allow Smith & Wesson to stay away from duty or difficult to understand the gun enterprise’s function in fueling our nation’s gun violence epidemic.”

A latest record with the aid of using the U.S. Congress Joint Economic Committee located gun violence sufferers and their households pay greater than $1 billion a 12 months in scientific costs.

Smith & Wesson did now no longer reply to a request for comment.

The organization in June suggested internet profits of $36.1 million on income of $181.three million for the fourth region and income of $194.five million on income of $864.1 million for monetary 2022. Smith & Wesson stocks are down more or less 14% at the 12 months.