U.S. gun sales way, way up after Obama's re-election
During his Oct. 16 debate with Mitt Romney, U.S. President Barack Obama had this to say about gun control:
Whuh-oh. To a certain portion of the Yankee population, those final four words were akin to the Great Hand of Government coming down, ready to snatch away their American freedom.
Indeed, many gun lovers have been spooked. In the run-up to Obama’s re-election, with the threat of a Democrat’s changing arms laws in the U.S., American gun sales have shot through the roof.
Back in 1994, Bill Clinton introduced restrictions on semi-automatic weapons in America, prohibiting excessive weapons with threaded barrels, pistol grips and bayonets.
*Bing: How much does an AK-47 cost?
But those sanctions expired in 2004, and Obama’s debate comments last month perhaps gave the clearest sense that the president, who has nothing left to campaign for now, might go through with new laws against assault rifles.
Surely, gun lovers see the writing on the wall. Once more, the prospect of four years under Barack Obama has spurned gun sales to soar through the roof.
Last month, the number of background checks on people applying to buy guns – an indicator, of course, of future sales – surged by nearly 20 per cent in the U.S. According to the Telegraph newspaper, a similar jump happened in the months before Obama was first elected back in 2008.
“We’re going from normally six to eight guns a day (sold), to 25,” said one Colorado Springs gun shop owner. “I stocked up. I got a stockpile of these AK-47s, we’re selling these like hot cakes. Luckily I had an idea of what was going on because it happened with Clinton.”
Added a New York gun shop owner: “Sales are up. I had a guy waiting here first thing in the morning (after the election). He came in, bought two AK-47s. It’s going to be good for me for business.”
As a Canadian, it’s quite remarkable any assault rifle like an AK-47 could be legally purchased, but such is the case in the U.S., where a Democrat’s election to the Oval Office – just months after the deadly Dark Knight Rises theatre shooting – could actually boost the stock of America’s top gun makers.
According to the Telegraph, shares in weapons manufacturers like Smith & Wesson and Sturm have also jumped in value since Obama’s re-election.
By Jason Buckland, MSN Money