We’ve often used the line “worlds best gun salesman” here on the blog, but it’s not just a hollow slogan. It really is true:
U.S. gun makers led by Sturm Ruger & Co. andÂ Smith & Wesson Holding Corp. (SWHC)Â churned out a record number of firearms in 2012, government data show, continuing a trend of robust production during Democratic presidencies.
More than 8.57 million guns were produced in 2012, up 31 percent from 6.54 million in 2011, according toÂ data released this weekÂ by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, which has been tracking the statistics since 1986.
Almost as many guns — 26.1 million — were produced during DemocratÂ Barack Obamaâ€™s first term as president as during the entire eight-year presidency of his Republican predecessor,Â George W. Bush, theÂ ATFÂ data show.
Advocates on both sides of theÂ gun-controlÂ debate said manufacturers were meeting demand fueled by concerns among gun owners that Democratic presidents are more willing to limit firearms sales than Republicans. After years of steering clear of the issue, Obama pressed unsuccessfully last year for stricter gun measures in the wake of the 2012 massacre at an elementary school in Newtown, Connecticut.
The production boom has resulted in strong sales and profits for gun companies, including Sturm & Ruger and Smith & Wesson. Read more »