Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By BARRACUDA (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Gun Sales Surge: The Bounce Obama Didn’t Expect

% of readers think this story is Fact. Add your two cents.


Barack Obama was expecting to see a bump in his numbers after his Democrat National Convention acceptance speech on Thursday evening. However, the bump that has occurred is in the gun industry. The gun market is booming. This is one part of the economy that has held fast during the Obama administration.

In a conference call with analysts, CEO of Smith & Wesson James Debney said, “We are undeserving the market at this moment, we all know that, and that’s a great opportunity going forward for us.”

The gun maker reported stellar earnings which caused its stock to jump more than nineteen percent on Thursday.

Because of the strong sales, S&W have had a backlog of orders. The company has more than doubled its orders since last year at the same time.

However, Smith & Wesson are not alone. Sturm, Ruger & Co. outpaced themselves this year. They produced their millionth gun for the year ahead of last year’s pace.Ruger President and CEO Mike Fifer issued a statement in which he said, “It took us nearly all of 2011 to build one million firearms, but in 2012 we accomplished it on August 15th.”

Here’s a report as to why the demand is so high:

Speculation has focused on fears of a coming regulatory crackdown on gun ownership. Liberal administrations tend to be anti-gun and so, the thinking goes, an Obama re-election would set the stage for stricter gun purchasing requirements. Hence, people are buying now in anticipation of difficulty later.

Indeed, looking at background checks for gun sales (a metric commonly used to gauge general industry performance) 2009 showed a measurable increase that many attributed to Obama’s election.

Is it the same this year? Some anecdotal evidence tends to bear that out.

Though the White House has confirmed that Barack Obama would like to ban guns, no matter what he actually tells people, it seems that he has become the poster child for gun sales.


MORE HERE



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.