Friday, November 14, 2008
The Economy Is Booming!
What recession? According to Gun Magazine:
Sales by firearm and ammunition manufacturers were up 9.7 percent in the
first quarter of 2008, led by a 17.3 percent increase in ammunition sales, a 5
percent rise in handgun sales and a 6.7 percent increase in long gun
The statistics are taken from the latest Pittman-Robertson federal
excise tax collection report. Excise taxes are calculated as a percentage of
wholesale receipts, paid quarterly by firearm and ammunition manufacturers, and
earmarked for state wildlife conservation and habitat restoration programs.
These statistics are based solely on US civilian sales and do not include sales
to military, police, etc.
And the Bend Bulletin:
Southport, Conn.-based Sturm, Ruger & Company Inc., manufacturer of Ruger
brand guns, saw its sales increase 31 percent in the third quarter of 2008 from
the third quarter of 2007.
And the International Business Times:
As firearm sales continue to increase this year, at a rate of 10 percent over
the same period last year and 15 percent in October alone, the National Shooting
Sports Foundation (NSSF) -- the trade association for the firearms industry --
is pointing to gun-owner concerns about an Obama Administration as reason for
Last week President-elect Obama's Web site had posted his
administration's agenda for curtailing the Second Amendment rights of law
abiding Americans, thereby validating the concerns of gun owners, sportsmen and
firearms enthusiasts all across the country. Curiously, the Obama-Biden
gun control agenda was taken down from the Web site after just two
Go figure... And in Raleigh:
Barack Obama said he would improve the economy. Turns out he already has, at least in one retail niche: gun sales.
Starting in the days before the election, gun shops across the state have been mobbed by buyers who fear that Obama and a larger Democratic majority in Congress will restrict firearm sales. Many were stocking up on things such as assault rifles, high-capacity magazines and handguns that they think would be the most likely targets of new laws, though practically everything related to shooting has been selling more quickly.
"It's been an absolute madhouse," said Trey Pugh, a manager at Jim's Pawn Shop in Fayetteville, which is selling 15 to 20 AR-15 assault rifles a day. "I'm getting guys come in and say I always wanted that gun, and give me that one too and that one and, oh, I need a gun safe, too."
Distributors are running out of assault rifles, he said, and prices are rising.
Dang inflation! Ol' hoosiertoo, ever slow to spot a trend, has decided to join the spree. Mrs. hoosiertoo is figuring another shotgun and a hunting rifle are in order. She wants an M1911a1 all her own too. I'm going to need a second job.
Labels: toys for adults
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