Obama has sold more guns than almost anyone ever before and his decision yesterday has caused runaway sales yet again:
The Obama administration announcement that they are supporting a new Assault Weapon Ban, and a ban on high capacity magazines, has sent shockwaves through the industry. All day consumers have been buying guns, ammunition and magazines.
Brownells is fast running out of stock of 5.56mm NATO and magazines. They still have 20 and 30 round aluminum magazines in stock but they are have run out of 30 round Magpul magazines and 5.56mm ammunition. They still have some premium .223 Remington ammunition in stock, but it won’t last long.
To deal with the buying frenzy gun retailer Cheaper Than Dirt has bumped up magazine prices. They doubled the price of a Magpul PMAG from $30 to $60. This did not stop people buying them. The Magpul magazine went out of stock a couple of hours ago. The laws of supply and demand dictate that prices will increase. I suspect many online retailers would have liked to bump up prices but were swamped with orders before they were able to react to the situation.
While sales are increasing Obama’s decisions are destroying share prices in American companies:
Ruger (RGR) and Smith & Wesson’s (SWHC) share price has continued to take a hit. According to the WSJ, investors are worried that legislation will harm sales.
The fact remains that Obama is the greatest gun salesman of all time.
The re-election of Barack Obama has seen gun sales soar. I hope the investor who asked me for advice listened to me and bought up large before the election.
Gun sales in America are soaring in the wake of President Barack Obama’s re-election with weapons retailers reporting AK-47s flying off shelves “like hotcakes.”
Owners of guns have been stocking up because they are concerned about a potential tightening of regulations on assault weapons in the president’s second term.
In October the number of background checks on people applying to buy guns, an indicator of future sales, increased by 18.4 per cent.
There was a similar jump when President Obama was first elected in 2008. A total of 12.7 million background checks were carried out that year, up from 11.2 million the year before, and the number has been rising since then.
Shares in weapons manufacturers like Smith & Wesson and Sturm, Ruger also surged after Mr Obama’s re-election.
Those are the companies I advised him to buy into.
hat tip Not PC
Now you may be wondering why I m posting about a girls gun. Well because the RRP of $806 is perhaps the best insurance policy a woman can invest in to deal with armed offenders intent on raping them. The Smith & Wesson LadySmith Model 642LS in .38 Special costs just that. The spec’s are;
Again you are probably wondering why I am telling you all this. Well, because no-one ever raped a .38.
One gun isn’t enough.
“That was what Linda Smith (a pseudonym) was thinking after two thugs broke into her Oklahoma apartment. One was holding a weapon … at her throat, and the other was pacing back and forth while holding her purse and demanding her money and valuables. She screamed, and was told if she screamed again, she’d be dead.
“She was doing as police recommend in robberies –- comply with a robber’s demands. But her Lady Smith & Wesson .38 special, which she carries by permit, was hidden in her purse –- and the purse was being held by one of the attackers.
“Then the situation, suddenly, got much, much worse: One of the robbers demanded that she take off her clothes.
“‘Come on, what are you waiting for,’ he told her as he started to yank on her sweatpants, trying to take them off.
“Smith pleaded for her safety and distracted the attackers by telling them she would get her money, which was ‘in my purse.’
“The robbers inexplicably allowed her to drop to her knees and crawl across the floor to her purse, which the second attacker had dropped.
“She reached inside, and the first shot was clear of the muzzle and into the torso of one of the attackers before she even pulled the weapon clear of the purse. Four more shots followed shortly and, in the end, one of the attackers was dead and the second was hospitalized facing a murder rap for having participated in a felony in which someone died.
“Smith … explained she comes from a family that believes in self-reliance and courage…”
As PC points out “…unlike the people who, in New Zealand, have been successful in disarming women even from carrying mace. Or a taser.”
Our Police in New Zealand are struggling against violent crime. It isn’t the hardworking guys on the beat that are at fault for the struggle, it is nine plus years of politically expedient Police and Justice ministers (Phil Goff included) denying that we have an organised crime problem. The current Commissioner of Police is no exception, manipulated into his position by foul political actions against his predecessor, he acquiesced to that manipulation and has been perfunctory in his tenure. He has repeated talked the talk and never walked the walk. Instead of cracking down on organised crime he has focused his and his staff’s attention on booze and speeding ignoring the creeping menace of methamphetamine.
Thankfully we now have a Police Minister who understands the menace of organised crime. That however doesn’t diminish the very real risk there are to our generally un-armed population in the face of increasingly violent criminal who themselves have gone and got themselves armed.
Navtej Singh died because he couldn’t protect himself, and died also because the police couldn’t protect him either. Police Officers are being regularly shot at and are unable to adequately equip themselves to combat it. Simply put our citizenry are at constant risk of being raped metaphorically if not physically. The Police on the beat are also left unarmed, sometimes directly but more so with the complete failure of their bosses to adequately provide for comprehensive training in firearms use. Again I don’t blame the guys on the street. I blame the rather large, ever expanding shiny seat brigade at Molesworth Street. they let their troops down with their ill-preparedness and down-right negligence. I just hope that Minister Collins thinks outside of the square in selecting a new commissioner rather than picking of the time-markers currently cluttering up PNHQ.
However, it is high time that our populace were trusted to defend themselves adequately in the face of armed violence. I can see no reason why we cannot extend our B category licensing arrangements to allow open carry, with appropriate and comprehensive training built into such a privilege. I doubt any politician is prepared to see our population protect themselves though, because to allow it is to admit that the last twenty years have been an abject failure in controlling organised crime.