Barack Obama, "Greatest Gun Salesman in America" [View all]

[burf]

Last edited Wed Feb 22, 2012, 01:40 PM - Edit history (1)

I found this and thought it might complement a previous thread on the president and gun rights.

Last fall, I wrote about a surprising trend: gun sales have skyrocketed since Barack Obama became president. During that time, the stock of gunmaker Sturm Ruger (RGR) has outperformed gold. Analysts aren’t quite sure what’s causing the trend. Many anticipated a boost in sales after the election from gun owners fearful that Obama might outlaw assault weapons — the so-called “fear trade.” But they expected a brief spike, no more. Instead, gun sales kept rising, and they’ve continued to rise even since last fall. Ruger, which was up 400 percent at the time, is now up more than 500 percent.

http://www.businessweek.com/politics-policy/joshua-green-on-politics/archives/2012/02/barack_obama_greatest_gun_salesman_in_america.html

There is an interesting chart on the effect of guns to the economy in the linked article.