NRA Raises $200 Million as Gun Lobby Toasters Burn Logo on Bread [View all]
December 29, 2011, 9:10 PM EST
By Peter Robison and John Crewdson
Dec. 29 (Bloomberg) -- A toaster that burns the National Rifle Association’s logo onto bread fetched $650 at an auction last month, just one reflection of the money-making power in the gun group’s brand.
The NRA, which began as a grassroots organization dedicated to teaching marksmanship, enters the 2012 election season as a lobbying, merchandising and marketing machine that brings in more than $200 million a year and intends to help unseat the incumbent president. From 2004 to 2010, the group’s revenue from fundraising -- including gifts from gun makers who benefit from its political activism -- grew twice as fast as its income from members’ dues, according to NRA tax returns.
More than 50 firearms-related companies have given at least $14.8 million to the Fairfax, Virginia-based group, according to the NRA’s own list for a donor program that began in 2005. That same year, NRA lobbyists helped win passage of a federal law that limited liability claims against gun makers. Former NRA President Sandy Froman wrote that it “saved the American gun industry from bankruptcy.”
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That didn’t stop NRA Executive Vice President Wayne LaPierre from citing what he called “a massive Obama conspiracy to deceive voters and hide his true intentions to destroy the Second Amendment in our country” during a September speech to the Conservative Political Action Conference in Orlando. LaPierre said the NRA would work to defeat Obama in 2012.
http://www.businessweek.com/news/2011-12-29/nra-raises-200-million-as-gun-lobby-toasters-burn-logo-on-bread.html
Do you agree or disagree with NRA Executive Vice President Wayne LaPierre's allegation against President Obama? 
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