I would think so.

Gun industry’s economic impact skyrockets during Obama years

The economic impact of the firearms industry is up 66 percent since the beginning of the Great Recession, providing an unexpected shot in the arm for the economy, according to a new study.

The National Shooting Sports Foundation says the economic impact of firearm sales — a figure that includes jobs. taxes and sales — hit $31 billion in 2011, up from $19 billion in 2008.

Jobs in the firearms business jumped 30 percent from 2008 to 2011, when the industry employed 98,750.

The industry paid $2.5 billion in federal taxes in 2011, up 66 percent in three years.

“Ours is an industry with a rich history and heritage that remains vital and important to the American economy today,” NSSF Senior Vice President Lawrence G. Keane said in a statement. “To millions of Americans our industry’s products represent liberty, security and recreation.”

Some in the industry attribute the jump in sales to fears the Obama administration will tighten gun control laws in a possible second term.

“There’s a concern that in the second term the Obama administration would lead an attempt to restrict gun ownership,” Mr. Keane said.

That concern, known in the industry as “the Obama factor,” has led many gun owners to purchase now in hopes of avoiding more restrictions and regulations later.

“Some people jokingly refer to [President Obama] as the salesman of the year for the industry,” Mr. Keane said.

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8 Comments | Leave a comment
  1. Hrankta says:

    If only sales of my book would boom. HA!

  2. Maynard says:

    Yep, this is the only bright spot in an otherwise miserable economy, and we owe it all to Obama.

    Going off topic…Quote of the day: “Apparently, I’m supposed to be more outraged by what Mitt Romney does with his money than by what Barack Obama does with mine.” It’s not as if Romney’s the only rich guy in politics. John Kerry, anyone? The Kennedys? Buffett and Soros? It’s not as if Romney’s unusual or exceptional in this regard.

  3. Shifra says:

    Reading this in NYC, I feel as though I am reading about another country. Here, owning a gun is considered as crazy as eating your pet dog. Oh wait… maybe that wasn’t such a good example… 🙂

  4. Teri says:

    Don’t forget to stock up on the ammo. They may not be able to take away our guns but they can make it possible to make ammo unaffordable. I’ve got about 500 rounds and still feel like I need to get more.

    • Cernunnos81 says:

      Well Teri, I’d say you need more. 500 Rounds is a good start, but I would suggest 1500+ as a good point. Then again, I know guys that have 5-10k rounds and are slowly getting more. I know I need more ammo. I think my next purchase will be a Marlin Model 60 .22. .22s are Great and can have all kinds of uses, whether for a survival scenario or defense.

  5. LucyLadley says:

    April 16th 2012 we TAMS talked about taking the 5th. Now we are considering the 2nd. Tammy keeps us on our toes by educating us about the everyday & practical ways our history & heritage affect us. Good topics, they keep our mental skills & thought process sharpened. We may be David against Goliath. Keep our priorities focused & G-d will be with us.

  6. Alain41 says:

    Slightly off topic. Article says paid $2.5 billion in federal taxes. Doesn’t specify the taxes but assume that it is income and possibly excise taxes. Now, companies (businesses) also pay payroll taxes (match employee pymts.), so I wonder why liberals like Nancy P. who are quick to say that lower income citizens who don’t pay income taxes pay payroll taxes and that it is a Republican meme that they don’t pay taxes and everyone should stop saying that, so why then when arguing about ‘insufficiently’ taxed big (oil) business don’t the liberals say, but they pay payroll taxes so it is a false meme to say that they don’t pay their share of taxes?

    Okay, back to topic everyone.

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