From a Chicago Sun-Times story titled "Obama: Don't stock up on guns":
As gun sales shoot up around the country, President-elect Barack Obama said Sunday that gun-owning Americans do not need to rush out and stock up before he is sworn in next month.
"I believe in common-sense gun safety laws, and I believe in the second amendment," Obama said at a news conference. "Lawful gun owners have nothing to fear. I said that throughout the campaign. I haven't indicated anything different during the transition. I think people can take me at my word."...
Nationally, background checks for gun purchases jumped nearly 49 percent during the week Obama was elected, compared with the same time period last year, according to the FBI's National Instant Background Check System.
Reason's Jacob Sullum summed up his take on Obama's Second Amendment bona fides thus:
Obama's reading of the Second Amendment is so narrow that he sees no constitutional problem with the Washington, D.C., gun ban that was overturned by the Supreme Court or a similar law in Chicago. Maybe he supports the right to own a disassembled rifle and the right to defend ourselves with pointy sticks, but in practice his position is pretty much the same as that of gun controllers who continue to insist that the Second Amendment protects no rights the government need respect.
And Reason's Brian Doherty has written a book on the D.C. v. Heller case, which everyone should read.
Hat tip to Sun-Times story: Dan Gifford.