US Gun Sales Booming

Fear of Obama crackdown fuels surging biz

By Rob Quinn,  Newser Staff

Posted Sep 11, 2012 12:37 AM CDT | Updated Sep 11, 2012 4:55 AM CDT

(Newser) – Fears that President Obama would take people's guns away in his first term proved to be unfounded, but a lot of people appear to think he's waiting for his second term. Gun sales are experiencing a major pre-election boom, just like they did four years ago, reports NBC. Sales are up 50% at Smith & Wesson, and Ruger made its millionth firearm of the year by mid-August, almost as many as it made in the whole of 2011. Gun dealers say a major driver of sales is fear of a looming crackdown on guns—although Business Insider finds that the only gun laws Obama has signed as president have actually expanded gun rights.

"I should put Obama’s picture on the wall up there," says one New Jersey gun salesman. "I’d name him salesman of the month!" But other dealers say fear of an increase in crime amid economic woes has at least as much to do with the surge in sales. "The biggest new group of buyers now are senior citizens," the owner of a North Carolina gun shop tells CNBC's Closing Bell. "Ten thousand baby boomers a day are turning 65. They can't run, they can't fight, they got to shoot."

Obama is one gun dealer's salesman of the month.
Obama is one gun dealer's "salesman of the month."   (AP Photo/Alex Brandon)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
4%
9%
7%
11%
51%
17%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment