Friday, 09 November 2012 17:07

Obama Reelection Boosts Gun Stocks and Sales

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Although many stocks traded on the New York Stock Exchange suffered a significant drop in their value on the day after Barack Hussein Obama was reelected president of the United States, there was one industry that experienced a significant boost: small arms manufacturers. With the president threatening to further interfere with the rights of American citizens to keep and bear arms, those citizens are acting quickly to procure as many firearms as they can, and the companies that manufacture those firearms will have a hard time keeping up with demand.

As reported previously for The New American, the reelection of President Obama and the threat of continuing gridlock on Capitol Hill was received as bad news on Wall Street, with the Dow Jones average dropping 313 points in one day. As Raven Clabough wrote:

According to USA Today, the election results contributed to the drops at least a little: “Investor reaction is decidedly negative over the defeat of the more business-friendly Mitt Romney.”

Likewise, fears were exacerbated on Wednesday when European Central Bank President Mario Draghi indicated that he was concerned about the outlook of Europe’s economies, particularly Germany’s.

However, the failure of Congress to reach a conclusion on how to avert the impending fiscal crisis by the end of the year is believed to be the most significant contributing factor to the 313-point drop. Many are concerned that Congress will be unable to reach a compromise during a lame-duck session.

"The chances of going off the cliff probably just increased," says Ed Yardeni, chief investment strategist at Yardeni Research.

However, weapons manufacturers are an industry that continues to run counter to the larger trend of ongoing economic decline. An article for Bloomberg noted that Smith & Wesson and Sturm Ruger & Co. were among the companies benefiting from Obama’s reelection:

Shares of Smith & Wesson jumped 9.6 percent to $10.37 at the close in New York, the biggest gain since Sept. 7, while Sturm Ruger & Co. (RGR) rose 6.8 percent to $47.68. Both make handguns as well as rifles that include semiautomatic models.

After sidestepping gun-control measures in his first term, Obama said last month he would consider reintroducing a ban on civilian purchases of military-style assault weapons. Firearm sales have grown at 10 percent annually since 2008, when Obama was elected, compared with a 7 percent rate from 2001 to 2007, according to Benchmark Co.

The nation’s continuing economic difficulties, including runaway government deficits, lackluster job creation by private industry, and looming threats of new military action in the Middle East have increased the sense of uncertainty at home. And when Americans are worried about instability at the same time that the president is threatening to further infringe on their right of self-defense, conditions are perfect for a substantial spike in civilian gun sales. One writer for MSN Now quipped: “Those folks Obama once famously talked about as clinging to their guns are apparently expected to cling to more of them now that the president has been re-elected." And an article for Investors.com noted that those citizens who are “clinging to their guns” have good reason to be concerned:

Less than 24 hours after President Obama's re-election, the U.S. Mission to the United Nations helped move the U.N.'s Arms Control Treaty a step closer to enactment. America joined 157 other nations in voting Wednesday to finalize the treaty in March. None was opposed and there were 18 abstentions.

U.N. delegates and gun-control activists had complained that talks collapsed in July largely because Obama feared attacks from Republican rival Mitt Romney if his administration was seen as openly supporting the pact. But once the election was over, the Obama administration had more flexibility to pull the trigger on supporting the pact.

The spike in gun and ammunition sales is already being noted by online companies. For example, on November 9 Ammoman.com informed its customers:

PHONE LINES ARE JAMMED.......PLEASE E-MAIL QUESTIONS AND PLACE ALL ORDERS ONLINE.

It might take a few days to respond to an e-mail. We are about 3400 e-mails behind. We have hired extra people for the office and we are working nights to get this done.

Order confirmations may be delayed due to the volume of business, please do not re-order because you may be billed twice.

Looks to be a delay in shipping the most recent orders. Please be patient with us as we are swamped.

Not only are citizens concerned that the newly reelected president could be a threat to their Second Amendment liberties, they are increasingly concerned that unconstitutional restrictions on the rights of citizens to defend themselves be lifted immediately. Thus, in the state which most significantly hampers the right of self-defense — Illinois — a new push is already underway to remove an unconstitutional law forbidding concealed carry of a firearm. According to an article for the Associated Press, 10 counties in Illinois are already pushing for repeal of the law:

Residents in some Illinois counties sent a message to lawmakers this week: Give citizens the right to carry concealed weapons.

Measures supporting concealed carry were on the ballot Tuesday in at least 10 mostly rural counties — Adams, Bond, Henry, McDonough, Mercer, Randolph, Rock Island, Schuyler, Stephenson and Warren — and passed overwhelmingly in every one.

The votes were non-binding because local law cannot override state law. But advocates say they hope to build pressure on lawmakers to support concealed carry.

Illinois is the only state where carrying a concealed weapon is entirely illegal.

Last year, Wisconsin adopted a licensing system for issuing concealed carry permits, making Illinois the only state that has no provision for concealed carry. However, many states still place significant restrictions of Second Amendment liberties.

The reelection of President Obama and the ensuing concerns that further abridgments of fundamental liberties may soon follow may lead to the right of self-defense proving to be the next great struggle in the American body politic — one which citizens will be unwilling to concede to regulation by the United Nations or a diktat from D.C.

3 comments

  • Comment Link N.E. Patriot Saturday, 10 November 2012 09:18 posted by N.E. Patriot

    Millions have been massacred during the 20th century alone due to gun control: http://www.youtube.com/watch?v=VnuDzozkjC0&lr=1&uid=MR9qdQd3xE-YsM-tbIemlw

    Every reader of this site also needs to listen to and send other patriots to: http://libertynewsnetwork.tv/index.php/johnmcmanus/item/45-trespassing-allowed-free-trade-area.html and http://libertynewsnetwork.tv/index.php/johnmcmanus/item/46-revolution-by-treaty-john-f-mcmanus.html

    Two small inexpensive paperbacks which will also open your eyes are: The United Nations Exposed, by William Jasper, and Global Gun Grab -- The United Nations Campaign to Disarm Americans, by William Grigg. A nation of people unwilling to listen, read, and learn is a nation doomed!

  • Comment Link Jessiac Saturday, 10 November 2012 05:32 posted by Jessiac

    going to buy a gun today... That's for damn sure!!!

  • Comment Link Ross Wolf Saturday, 10 November 2012 00:54 posted by Ross Wolf

    Could Obama use NDAA To Arrest American Militias?

    Could Obama use NDAA To Arrest Militias on the Premise members are Militants and Belligerents that pose a threat to National Security?

    Recently the Obama administration stated to Federal Judge Katherine Forest that under (NDAA) The National Defense Authorization Act of 2012 the President had authorization to lock up belligerents indefinitely. That they (were justified) to lock belligerents up indefinitely—because cases involving belligerents directly-aligned with militants against the good of America—warrants such punishment.) Pres. Obama could use NDAA provisions to order U.S. Military Forces to round up without evidence, millions of Americans including militias by alleging they are belligerents or a threat to National Security. Many observers believe Obama intends to extend NDAA to imprison U.S. Citizens in Indefinite Detention not involved with or associated with enemy forces.

    Hitler included similar provisions in his fascist (Discriminatory Decrees signed February 28, 1933). Almost immediately after the German Parliament passed Hitler’s laws, the Reich Government ordered the arrest of German Citizens and confiscated their guns without probable cause or evidence; delegated powers to German Police and other authorities to arrest anyone Nazi authorities claimed attempted or incited public unrest: arrested among others were outspoken Germans, writers, journalists, peaceful protestors and artists. After World War II the East German Secret Police (Stasi) used the threat of Indefinite Detention to forcibly recruit thousands of informants.

    The U.S. 2012 NDAA legislation Obama signed 12-31-11 is similar to Hitler’s 1933 fascist laws the SS and Gestapo used to target persons in Germany for arrest, imprisonment and execution without probable cause; and confiscate millions of dollars of property. Hitler used his laws to suspend Parliament and the Supreme Court insuring his laws could not be rescinded.

    During the Obama Administration's recent request for a (stay) to stop U.S. District Judge Katherine Forrest blocking enforcement of vague NDAA provisions, the Obama Administration—never clarified what constitutes a (belligerent); or militant; or what belligerent activities (directly aligned with a militant) to order a belligerent’s arrest or indefinite detention; or what is against the good of America. Under vague provisions of NDAA, the President could accuse anyone of being (directly aligned with militants by way of any political or other association; activity, statement, writing or communication with an individual or group government deemed (militant) to arrest and indefinitely detain Americans. Writers, journalists, Americans that disagree with or question U.S. Government or its allies—may under NDAA be subject to arrest and indefinite detention.

    NDAA 2012, like Hitler’s 1933 Discriminatory Decrees enforces censorship; refers to the Patriot Act e.g. warrant-less searches of private property and forfeiture of property from persons not charged with crime. Provisions in NDAA 2012 keep the door open for corrupt U.S. police; government agents and provocateurs which there are many, to falsify reports and statements to target any American, group or organization for arrest, indefinite detention, complete disappearance; civil asset forfeiture of their property.

    You may have noted NDAA referred to the USA Patriot Act. The Patriot Act lends itself to Government / police corruption; the Federal Government may use secret witnesses and informants to cause arrests and civil asset forfeiture of Americans’ property. Witness(s) and informants may be paid up to 50% of assets forfeited. Federal Government under 18USC may use a mere preponderance of civil evidence, little more than hearsay to Civilly Forfeit Private Property. Under the Patriot Act innocent property owners may be barred by government knowing the evidence federal government uses to forfeit their property.

    Sections of NDAA 2012 are so broad, it appears U.S. Government or the President could (retroactively) deem an American’s past 1st Amendment activities prior to passage of 2012 NDAA—supported hostilities, terrorism or (Belligerents) to order the arrest and Indefinite Detention of any U.S. Citizen, writer, group or organization.

    Under NDAA 2012 it should be expected that indefinitely detained U.S. Citizens not involved in terrorism or hostile activities, not given Miranda Warnings when interrogated, not allowed legal counsel or habeas corpus may be prosecuted for non-terrorist (ordinary crimes) because of their (alleged admissions) while held in Indefinite Detention.

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