Obama Re-election Boosts Gun Sales

Friday, 09 Nov 2012 02:28 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Four years ago President Barack Obama’s election led to a run on guns spurred on by fears a Democratic administration would enact new restrictions on firearms.
 
While those restrictions never materialized, gun enthusiasts fear Obama will have a freer hand now that he does not have to worry about being re-elected.
 
Anecdotal evidence is showing a spike in gun sales and stocks in companies that manufacture and sell guns are also up.
 
"Sales are up," John Kielbasa, owner of Fernwood Firearms in Hankins, N.Y., told CNN.  "I had a guy waiting here first thing in the morning [after the election.] He came in, bought two AK-47s."
 
He said the demand for the guns was spurred by fears of a new assault weapons ban. Former  President Bill Clinton signed a 10-year ban on such weapons in 1994 and there have been periodic failed attempts to renew the ban since it expired.
 
Bill Anderson, owner of the gun shop Call-To-Arms in Denton, Texas, told CNN that gun owners are expecting more aggressive regulation from Obama.
 
"Being as this is his second and last term, he might do it, because he's not interested in getting re-elected," Anderson said.
 
The potential rise in sales has not been lost on investors. CNN reports that stocks are up for gun manufactures Smith & Wesson and Sturm, Ruger, and retailers Cabela’s and Big 5 Sporting Goods.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Krauthammer: GOP Must Push Its Agenda After Taking Senate

Tuesday, 21 Oct 2014 22:07 PM

Republicans have 3-1 odds of taking over the Senate, and they need to use that power to push their agenda, conservative  . . .

Wyoming Gay Couples Get Marriage Licenses

Tuesday, 21 Oct 2014 22:03 PM

Wyoming has become the latest state to allow same-sex unions, bringing the wave of legalizations to a place where the 19 . . .

Alveda King: Obama Proves Skin-Color Voting Doesn't Help Blacks

Tuesday, 21 Oct 2014 21:13 PM

Alveda King, niece of the Rev. Martin Luther King Jr., is at sharp odds with the Rev. Al Sharpton about which political  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved