The Hill reported that gun sales are soaring thanks to Obama’s efforts to rid the USA of guns! What justice.
Stocks are climbing and sales are picking up.
Shares of Smith & Wesson jumped 11 percent Tuesday, to $25.86, when the president unveiled his new plan for expanding background checks on gun sales, while Sturm, Ruger & Co.’s stock climbed nearly 7 percent, to $65.54.
“President Obama has single-handedly done more to promote gun ownership than anyone else,” said Erich Pratt, executive director of the Gun Owners of America.
“Gun owners are concerned, and they should be,” Pratt continued. “We see people running to gun stores to buy firearms and ammunition.
“If Obama wants to ban it, they want to buy it,” he added.
Smith & Wesson’s stock has soared nearly 50 percent since Obama first floated the idea of taking executive action on guns back in October. Shares of Sturm, Ruger & Co. have risen at a decent pace of about 13 percent since that time.
The FBI was flooded with a record number of requests for background checks last year, including more than 3.3 million in December, following the terrorist attacks in Paris and San Bernardino, Calif.
He has done so well, in fact, that he’s getting recognized for his achievement.