At Least One Industry is Doing Great Under Failed President

Posted by on May 22, 2012 at 7:59 am

Forget Facebook. If you’re looking for a nice return on an investment, firearms are clearly the way to go these days. Ironically enough, the most liberal state in the nation is benefiting off a surge in gun and ammunition purchases.

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.

“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.

Remington’s parent company recently reported a 34 percent quarterly sales gain, while Connecticut-based Sturm, Ruger & Co. saw transactions soar nearly 50 percent. Sturm, Ruger even stopped taking orders for two months to catch up on back orders.

All told, background checks for new gun purchases — the best gauge of overall U.S. weapons sales — rose 14.4 percent in 2011 to 10.8 million, according to the National Shooting Sports Foundation.

“There’s no one reason that explains all of the increase, but what’s been called ‘The Obama Factor’ undoubtedly is an important part of it,” said Lawrence Keane, a senior vice president at the foundation.

He attributes some of the increase to a range of non-political factors, from more women purchasers to two recent U.S. Supreme Court cases favoring gun-buyer rights.

But Keane added that sales took off shortly before Obama’s 2008 election and stayed high throughout his first year in office as gun-rights supporters fretted over the Democrat’s plans.

“Whenever people perceive the possibility of laws or regulations that will restrict their (weapons-purchasing) rights, they tend to buy guns,” Keane said.

The bottom line is people–especially gun owners–do not trust Obama and the Democrats.  After three years of his double-talk, why should they?

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13 Responses to “At Least One Industry is Doing Great Under Failed President”

  1. gary on 22/22/12 at 10:07 am

    Too true chaps! You can’t even place an order for a Ruger LCP around these parts. Prices on primers are going back up again too; but at least you can still find them!

  2. BeckoningChasm on 22/22/12 at 11:45 am

    Bought my first gun a couple of months ago. And yes, it was due to Dem-inspired fears.

  3. Max Entropy on 22/22/12 at 11:49 am

    Ruger has a million orders for 2012 delivery.
    They won’t take my order until July.

  4. Wiley Peyote on 22/22/12 at 1:49 pm

    Already had my Ruger LCR .38 Special revolver.

    And my .32 Kel-Tec semi auto.

    And my Taurus .38 Special.

    And my Glock 37 G4 .45ACP.

    And my Benelli 12 ga shotgun.

    And my Henry lever action .22 repeating rifle.

    And my Winchester Model 70 .30-06 rifle.

    And my……

  5. davidt on 22/22/12 at 2:24 pm

    “Ironically enough, the most liberal state in the nation is benefiting off a surge in gun and ammunition purchases.”

    Ironically enough, some of the more ‘liberal’ states are where there is more potential for rioting and thus more demand for firearms for self-defense.

  6. Wiley Peyote on 22/22/12 at 4:34 pm

    BTW, assuming one already has a weapon or three, it is more important to stock up on ammunition. The quickest and sneakiest way to impose a di facto gun control is to overregulate ammunition manufacturing and/or sales. This is only a concern if we ever get a White House administration that is both sneaky and prone to overregulation.

    Oh. Right.


  7. pat on 23/23/12 at 2:11 am

    Marlin has back orders like crazy also. Owned by same firm BTW. And Smith&Wesson make really good guns, although I am prone to Colt and Ruger in the handgun department.

  8. Shooing Mike on 23/23/12 at 10:07 am

    What’s great is many of these are 1st time gun buyers. They realize how much fun shooting is and want to participate more. They realize they were fed a line of Bravo Sierra about guns and gunowners by Socialists dictatorial wannabe’s. They have become the Socialists worst nightmares: people whom have become aware of the con job. Those kinds of converts become advocates for gun rights, hardcore advocates!

  9. Vic Kelley on 23/23/12 at 10:54 am

    re: comment #5 – davidt is right

    Furthermore many liberal states have higher violent crime rates. Hoodlums alone in hoodies or in packs doing “flash mob” riots don’t fear the consequences of attacking others. Entitled criminals – especially coloreds – feel free to commit crimes against people of other races. I’m glad non-c0lored people are buying the weapons they need to defend themselves.

  10. House of Kell on 23/23/12 at 8:58 pm

    Wile: LOL…sounds like ‘part’ of my gun locker…..good luck when it finally jumps off!

  11. Hooray for Captain Spaulding on 25/25/12 at 10:43 am

    Vic Kelley on 23/23/12 at 10:54 am

    Jerk! What makes you think we “coloreds” aren’t armed to the teeth because of jackasses like YOU?