Word: cheap
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Dates: during 1990-1999
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...plan that helps low-income Americans goes deep into Democratic territory and sounds like the perfect policy component to fit Bush's centrist rhetoric. The problem for Bush and his economic team is that none of the fixes they are considering are easy or cheap. Push back the phase-out of benefits to higher income levels, and the number of families receiving tax credits and subsidies explodes. Increase the size of standard deductions and child tax credits, and watch revenues shrink. Reduce the number of tax brackets while eliminating loopholes, and the lowest-income families may not be any better...
...more shootings. Between 1993 and 1997, production of pistols, the style of gun most preferred by youthful killers, fell more than 50%, from 2.3 million a year to just over 1 million. The steepest drops occurred in California's notorious "Ring of Fire," a handful of companies that make cheap Saturday night specials...
What effect this had on gun sales is unclear, but there is tantalizing evidence that the disappearance of these dealers contributed to a sharp reduction in handgun sales across America, particularly the cheap handguns sold by Lorcin and its peers in the Ring of Fire...
...Manufacturers of expensive, well-crafted guns reported only moderate decreases in production. Smith & Wesson, for example, actually saw its production of pistols rise more than 40% between 1993 and 1994, before its sales too began falling. Lorcin, by contrast, reported an immediate decline. In 1993 it produced 341,243 cheap pistols and became for that year the leading pistol producer in the U.S. In 1996 it manufactured only 87,497, a 74% reduction. Davis Industries, another maker of cheap pistols, experienced an equally precipitous fall...
Last June an inspector auditing the books of a licensed dealer in Pekin, Ill., noticed that the dealer had sold 65 cheap handguns to a single customer named Donald Fiessinger. The inspector passed the tip to a special agent, who then ran the serial number of each gun through ATF's database. He found that one of the guns sold to Fiessinger had been recovered by Illinois state police from a different possessor during a traffic stop in May 1998. In requesting the formal police report on the incident, the agent talked to a state investigator, who mentioned that...