Obama's executive actions do not close this loophole. Instead, the president issued a guidance that attempts to narrow the loophole by limiting who can sell guns without a federal license (which requires background checks on sales), and warns gun sellers of the risks if they try to use the private sales loophole to avoid carrying out a background check. White House officials said their primary interest is to go after for-profit dealers who are posing as hobbyists or one-time sellers when they are in fact "engaged in the business" of selling guns.
The idea is, essentially, to make enforcement of existing federal laws stricter so fewer people — whether gun sellers or buyers — take advantage of the loophole. So a better way to look at the move is that it's narrowing, rather than closing, the loophole.
In fact, Obama's executive actions can't completely close this loophole. It's written into law, so it would take congressional action to completely close it. (The White House was clear on this point in a call with reporters, stating multiple times that the executive actions should not let Congress "off the hook" of passing gun control legislation.)
So Obama is taking some steps to narrow the gaps in federal law, and it's certainly the biggest action he's taken yet on guns. But that mostly reflects his inability to do much on guns without Congress, not that these tweaks will add up to enormous changes.
Now that Obama has brought his Executive Orders to light, I am happy to see they have no teeth and that I actually have no problem with most of it. I do believe in background checks, but they have to be reasonable. A federal database of felony criminals and other miscreants should not be as hard to create and maintain as it is. I guess the reason I have no issues with it is that I live in New York State and to live by the draconian state gun laws here.
Obama's action have exactly zero difference here. We already have to do all the things he wants.
There is no political capital for anything "meaningful" (or substantial in any way) right now and pro-gun advocates have nothing to worry about there (though they are right to worry long term, eventually laws on guns will modernize in America too).
You are mistaken on the impact of his executive orders. When he first entered the White House, he placed disabled war veterans on the list of people who are prohibited from owning guns. Now he is expanding this to include disabled people in general.
I've not seen this, where can I read more?