He's more than likely talking of the .50 Barret, there are a few different models, both bolt and semi-automatic and several companies who manufacture their own versions.
It fires the same cartridge as the .50 browning machine guns (.50 BMG), and is capable of hitting targets at well over a mile.....when in the hands of a capable shooter. As you probably know, a typical 30'06 or .308 hunting rifle is capable of some astounding things in the hands of the guy that won at palma. All things are relative here, being possible does not mean everyone can do it.
The .50 is classed as an anti material round, used for sniping enemy targets such as jeeps, tents etc. Because it uses the same ammo as the machine guns, there IS armor peircing, and incendiary ammo available for it. It does not cause large scale destruction though. It is merely capable of peircing an engine block at LONG range as it fires something like a 600-700 gr projectile at well over 2000 fps.
Now before the sheeple start crying, lets toss out a few more facts. The typical .50BMG rifle weighs 30-60 lbs and is over 5 ft long. It produces recoil energy you wouldn't beleive, so much so that it is supposedly NOT safe to shoot it without the use of a muzzle brake. While it is capable of very long range, there is still an amazing amount of drop to deal with, not to mention the need for a clear line of sight over the distance.
Oh yeah, if a civilian wants to buy a true semi auto barret, its going to be over $10,000 and a special order to the company through a licensed FFL, because at least in this part of the country, the gunshops don't have em.
Does such a rifle exist? Sort of, like was said above, it will stop a limo, not destroy it.
Is it out there for criminals to get and wreak havoc with? Nope.
Its the same kind of sensationalist crap as when smith and wesson introduced the new .500 magnum. A pistol cartrige putting out the same muzzle energy as a middle range load 30'06. The gun grabbers tried to say that it was going to put LEO's in danger as criminals would be using it to shoot through their kevlar vests. The truth is that its 4+lb revover, typically with a 10 inch barrel, that costs about a grand and $3 per shot
