One Area Obama Has Helped Economy: Firearms Stocks & Sales

Well if there is one area of the economy in which Barack Obama has improved, it is the firearms and ammunition industry. Immediately following the re-election of Obama the Dow was sent spiraling down 300 points, but it was the gun manufacturing stocks that saw an immediate surge.

For instance Smith & Wesson Holding Corp. jumped 10.8% to $10.48 a share. That’s more than double its price at the beginning of 2012.

In addition Sturm, Ruger & Co. Inc. saw a surge in their stocks as well gaining 6.4% to $47.48 a share, an increase of 39% from the first of the year.

This all is tied to Barack Obama’s anti-gun record and rhetoric, including his resuming of the United Nations Small Arms Treaty within hours of being re-elected.

According to the FBI, the total number of firearm background checks jumped a whopping 18.4%.

Gun sales have seen growth in the double digits since 2006.

While more cries have been heard for more gun control laws from the likes of New York City Michael Bloomberg, as well as, Rep. Carolyn McCarthy and Sen. Frank Lautenberg, including attempts at sneaking parts of gun control into cyber security bills by Democrats like Senator Charles Schumer, gun sales continue to be a booming business in this stagnant economy.

I am all for the Second Amendment and I am all for citizens being able to defend themselves against criminals and a tyrannical government. I pray the God would not bring us to the point that we would have to use our weapons to defend ourselves against such, but that they would be a deterrent to such.