Oh, the Glorious Irony: The "Obama Factor" Contributing to Thriving Firearms Industry

Posted: Apr 20, 2012 10:35 AM

As our own Katie Pavlich documents in her brand new book, Fast and Furious: Barack Obama's Bloodiest Scandal and Its Shameless Coverup, in at least one instance President Obama and his administrative cronies have implemented dangerous and covert operations in an active effort to subvert the Second Amendment. So, I find it rather pleasantly ironic -- oh, scratch that, it is downright hilarious -- that with all of the Obama administration's atrociously stupid economic policies keeping the economy in a rut, they've inadvertenly affected a boom in the one industry they actually want to see slow down. That's right, folks -- we knew that Obama's election in 2008 caused gun and ammo sales to skyrocket, but the gun industry is still takin' names and kickin' tail, in a big way. This is a glorious example of what I believe is referred to as "poetic justice"... and it feels so good. The Washington Times reports:

The economic impact of the firearms industry is up 66 percent since the beginning of the Great Recession, providing an unexpected shot in the arm for the economy, according to a new study.

The National Shooting Sports Foundation says the economic impact of firearm sales — a figure that includes jobs. taxes and sales — hit $31 billion in 2011, up from $19 billion in 2008.

Jobs in the firearms business jumped 30 percent from 2008 to 2011, when the industry employed 98,750.

The industry paid $2.5 billion in federal taxes in 2011, up 66 percent in three years. ...

Some in the industry attribute the jump in sales to fears the Obama administration will tighten gun control laws in a possible second term....

That concern, known in the industry as "the Obama factor," has led many gun owners to purchase now in hopes of avoiding more restrictions and regulations later.