Saturday, November 8, 2008

Surge in Gun Sales

Fear that the new Democratic president along with a larger Democratic majority in the House and Senate have some people fearing tougher gun laws. People are rushing to the store to buy their weapons now before potential law changes make it more difficult. Obama has said that he respects people's second amendment right to bear arms, but he has also said that he supports common sense gun laws. Some either do not believe the first statement, or suspect the latter as code for implementing strict gun control. Either way, if you are a gun shop owner your economic outlook is brighter then most at least for the next few months.

"Last month, as an Obama win looked increasingly inevitable, there were more than 108,000 more background checks for gun purchases than in October 2007, a 15 percent increase. And they were up about 8 percent for the year as of Oct. 26, according to the FBI.

No data was available for gun purchases this week, but gun shops from suburban Virginia to the Rockies report record sales since Tuesday's election.

"They're scared to death of losing their rights," said David Hancock, manager of Bob Moates, where sales have nearly doubled in the past week and are up 15 percent for the year. On Election Day, salespeople were called in on their day off because of the crowd.

No comments:

Post a Comment

Related Posts with Thumbnails

Like what you read; Subscribe/Fan/Follow