WASHINGTON (OfficialWire) — President Barack Obama has presided over a heyday for the gun industry despite predictions by the National Rifle Association four years ago that he would be the “most anti-gun president in American history.” The president hasn’t pressed such an agenda, but gun owners still are afraid that, if re-elected, an Obama who wouldn’t have to face voters again would try to restrict firearms purchases.
An analysis by The Associated Press of data tracking the health of the gun industry shows that sales are on the rise, so much so that some gun manufacturers can’t make enough weapons fast enough. Major gun company stock prices are up. The number of federally licensed, retail gun dealers is increasing for the first time in nearly 20 years. The NRA is bursting with cash and political clout. And Congress and the administration have expressed little interest in passing new gun laws, despite renewed calls to do so after deadly shootings in Colorado and Wisconsin.
The poor economy, fear of crime and military veterans returning from war who want to keep their shooting skills sharp also may be driving some gun sales. But the general view of analysts and those in the industry is that Obama is the main catalyst.
“The driver is President Obama. He’s the best thing that ever happened to the firearm industry,” said Jim Barrett, an industry analyst at C.L. King & Associates Inc. in New York.
That despite the fact that Obama has made no promises to impose new gun control legislation and doesn’t have the support in Congress or among voters even if he did. During this week’s presidential debate Obama suggested renewing a ban on assault-style weapons and coming up with an overall strategy to reduce violence, but both the president and his Republican challenger, Mitt Romney, said the government needs to enforce gun laws already on the books.
Read More at OfficialWire . By Eileen Sullivan.
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.