Rising concern over increased regulation from the Obama White House has gun buffs stocking up on the latest tactical rifles and pistols. This helps the fortunes of gun makers Smith & Wesson (SWHC) and Ruger (RGR) as well as specialty retailer Cabela's (CAB), which specializes in firearms and hunting gear.
Ruger reported Tuesday that gun sales increased 81% in the fourth quarter on new products and "robust firearms demand." Its order backlog now stands at $48 million. Smith & Wesson plans to double revenue within the next three years and reported increased sales from "speculation on the outcome of the presidential election." Cabela's reported that same-store sales rose 2.2% over the holiday election season -- a time of great distress for other retailers
Obama and other Dems seem to feel that the Right to Bare Arms should no longer be a part of the bill of rights. This thinking is arrogant and wrong. The Right to Bare Arms was afforded the people of the United States as a means to protect themselves from enemies foreign AND domestic. This was meant to include a power hungry government who may try to impose themselves on Americans more than they should.
If gun ownership is made illegal to the average, law abiding citizens of the US, it will only increase gun related crime. The laws that our politicians are trying to impose are not going to affect criminals. They have already procured their weapons illegally. It makes crime easier for the criminal, because there will be no one to oppose them during said crime.
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