While I accept that its the 64 thousand dollar question, have you got any idea how ridiculous the notion is. Without doing any research, the countries that tolerate the laissez faire approach you're talking about are America and sections of the third world.
I don't know if it was on Clinton's or Bush's watch that the 10 year moratorium ceased but apart from it being an election year, it was an unpopular 'law', especially with those that didn't have assault rifles. I'm not sure why they felt the need for them, other than the boy next door had one but hey ho.
I'm not unsympathetic to firearms, I've used them most my life, only ever used automatic weapons in the Military, never wanted one in my private life, there are much better alternatives for hunting and sports shooting. Handguns, I get too, maybe not the need to carry them day to day but I accept the cultural differences as well as the differences in crime (partially because every fecker has a gun so sort of self perpetuating).
Serious question, do you as an individual think America is a better place because individuals can own (and hoard) automatic weapons and unlimited amounts of ammunition ?