Gun sales are booming as buyers arm themselves, partly because they fear President Obama will win re-election this fall and pass tough new gun-control laws, analysts say.Thanks, Mr. President. Just think how happy all those gun owners will be when they realize you've been defeated and they can keep their guns without fear.
“I would characterize this as a gun-buying frenzy,” Jim Barrett of CL King & Associates said yesterday after Springfield-based Smith & Wesson’s reported blowout quarterly sales.
Smith & Wesson said preliminary net sales from continuing operations rose 28 percent to $129 million during the latest quarter. The gun maker also reported a $439 million backlog of orders — a $252 million increase from a year earlier.
Weapons manufacturers across the industry are logging similar numbers.
Tuesday, May 22, 2012
Gun Control Story of the Day
Obama is still stimulating one part of the economy:
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There are many gun owners who still remember the '94 Clinton gun ban. The House and Senate passed their own versions in 1993, but if I remember correctly, it wasn't until the House passed the reconciled version on August 21, 1994 that things got crazy and every gun in the country doubled in price as soon as Tom Foley banged the gavel on the vote.
I think a lot of people are just trying to get ahead of any potential trouble, rather than wishing they'd bought this or that before they cost as much as a Rolex.
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