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Obama’s Good for Business: Gun Sales Soar

kbstreet1 Wrote: Sep 10, 2012 11:47 AM
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas Jefferson Currently, people neither trust the government or the person on the street and are taking responsibility for their own and family’s protection.

Business is booming in the firearm industry and considering Obama’s feelings about gun control, the irony is almost too poetic.

Smith & Wesson stock Friday was zooming, thanks to a stellar earnings report. The firearms maker also boosted its outlook for the rest of the year. Because of the strong business, its backlog of orders more than doubled from the same quarter last year, the company is concentrating on boosting production and building inventory.

“We are underserving the market at this moment, we all know that, and that's a great opportunity going forward for us,” CEO James...