Gun Sales and Stocks Jump After Obama's Executive Trashing of Constitution
CHAT 24 COMMENTS
President Obama’s move to tighten gun restrictions follows a string of high-profile shootings and surging sales of firearms — and some experts believe Tuesday’s executive action will only heighten demand.Gun manufacturers have seen their stocks climb in recent days as sales pick up.Shares of Smith & Wesson jumped 11 percent Tuesday, to $25.86, when the president unveiled his new plan for expanding background checks on gun sales, while Sturm, Ruger & Co.’s stock climbed nearly 7 percent, to $65.54.For gun-rights groups, the numbers serve to validate a long-running joke within the industry: Obama is the gun salesman of the year.“President Obama has single-handedly done more to promote gun ownership than anyone else,” said Erich Pratt, executive director of the Gun Owners of America.“Gun owners are concerned, and they should be,” Pratt continued. “We see people running to gun stores to buy firearms and ammunition.“If Obama wants to ban it, they want to buy it,” he added.President Obama’s move to tighten gun restrictions follows a string of high-profile shootings and surging sales of firearms — and some experts believe Tuesday’s executive action will only heighten demand.Gun manufacturers have seen their stocks climb in recent days as sales pick up.Shares of Smith & Wesson jumped 11 percent Tuesday, to $25.86, when the president unveiled his new plan for expanding background checks on gun sales, while Sturm, Ruger & Co.’s stock climbed nearly 7 percent, to $65.54.For gun-rights groups, the numbers serve to validate a long-running joke within the industry: Obama is the gun salesman of the year.“President Obama has single-handedly done more to promote gun ownership than anyone else,” said Erich Pratt, executive director of the Gun Owners of America.“Gun owners are concerned, and they should be,” Pratt continued. “We see people running to gun stores to buy firearms and ammunition.“If Obama wants to ban it, they want to buy it,” he added.
In his second Inaugural Address, President Obama made it clear that his zealous, extreme fringe views on guns were going to be forced on the American people whether they wanted them to be or not. He frequently bemoans the lack of action by Congress on the issue, because he doesn't understand that the American people aren't interested in many of his fundamental transformations.
He not only has been unable to get the public to move in his direction on gun control, as we mentioned here last month, he is driving them in the opposite direction.
The danger of having a president who views Congress as a vestigial remnant of a bygone era cannot be understated. When that president also has the temperament of a spoiled brat who simply must get his way, it gets even worse.
It always gets worse with this guy.
