This is extra wrong.

Attorney General Holder Reveals Aggressive Gun Control In Response to Ft. Hood Terror Attack

Drawing reasonable conclusions from what Holder publicly said, we now know:
Holder wants a national, permanent gun registration system administered by law enforcement. A registration of honest citizens that have cleared the federal background check for gun purchases with those records permanently retained by and shared among law enforcement.
Holder wants new federal authority to prohibit any person on the federal watch list (reported to be 400,000 names) from buying guns and supports confiscating guns from those on the list who possess them.

Here's the "Rub" as my friend would say: No one knows what it takes to get on the terrorist watch list and lots of people are on it due to mistaken identity. You can be put on the list anytime the government wants to take away your rights.
Draw your own conclusions.