Friday, March 28, 2014

Compared to that, Goldman Sachs ( GS , Fortune 500) ' corporate political action committee and emplo


This year, the NRA spent $17 million sport direct on federal elections. It's a considerable amount when compared to the size of the industry. Annual gun sales in the U.S. total about $3.5 billion, sport direct according to estimates from Wedbush Securities analyst Rommel Dionisio.
Compared to that, Goldman Sachs ( GS , Fortune 500) ' corporate political action committee and employees spent a total of $7.5 million on candidates running in the November election. The investment bank raked in $29 billion last year.
"But Goldman Sachs doesn't have 4 million members who are very passionate, vocal and well-distributed from coast to coast," said Sheila Krumholz, executive director for the Center for Responsive Politics, a group that tracks political spending. sport direct "Certainly money is part of that, but the NRA is one of the most powerful lobbies in Washington, because they can draw on such a huge base."
The NRA didn't fare so well in the latest election -- only a handful of the candidates it supported won, according to the Center. But experts say the NRA is in strong shape to defend against any move to limit assault rifles like the one used in Friday's school shooting.
The NRA has flexed its muscles well in the past. It managed to push through new laws relaxing gun bans in national parks and Amtrak trains in 2009, a year when Democrats pledging stronger gun control laws controlled both Congress sport direct and the White House.
"President Obama did everything in his power to keep from making the gun issue the defining sport direct issue in the past campaign," Feldman said. "If Congress goes after the lawful ownership of guns, they'll deal with very difficult re-election campaigns in coming years."
But on Sunday, two days after the shooting, Obama said in a speech at Newtown: "If there is even one step we can take to save another child, or another parent, or another town, from the grief that has visited Tucson, and Aurora, and Oak Creek, and Newtown, and communities from Columbine to Blacksburg before that - then surely we have an obligation to try."
Democratic Sen. Dianne Feinstein sport direct of California on Sunday said she would introduce a bill next month to ban assault weapons and limit magazines to 10 rounds. Sen. Frank Lautenberg, a Democrat from New Jersey, also said he would reintroduce sport direct legislation to get rid of high capacity magazines.
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