Obama Admin. Credited with Gun Industry Boom
We have the Obama Administration to thank, according to the National Shooting Sports Federation (NSSF), the trade association that represents nearly 7,000 manufacturers, distributors, firearms retailers, and others involved in the gun industry, the economic impact of that industry has grown by 66 percent since the start of the Great Recession. In 2008 the total impact (direct and indirect) was $19 billion.
Just last year profits reached $31 billion. Jobs and taxes it generated also jumped a similar amount. Jobs directly connected with the industry increased from 75,000 to nearly 100,000 last year, while federal, state, and excise taxes (which support wildlife conservation) increased from $3.1 billion to $5 billion.
There’s been such a strong demand for firearms, that Sturm, Ruger & Company saw a 50% increase in sales for the first quarter of 2012 over a year ago, forcing the company to stop accepting orders from March until May in order to catch up. Then Smith and Wesson said last month that they had a firearms-order backlog of almost $500 million, up an astonishing 135% fromthe same time a year ago.
All of this business coincided with FBI reports that 16 million background checks (considered a proxy for gun purchases) took place through its National Instant Criminal Background Check System (NCIS) in 2011, up by more than 11% from 2010. And also the crime level is on the decrease.
In June the FBI issued its Preliminary Annual Uniform Crime Report for 2011 which showed a decrease in violent crime of four percent over the previous year. The FBI said that all major categories of violent crime were down: murder, forcible rape, robbery, and aggravated assault. The FBI said property crimes were also down in all categories: burglary, larceny-theft, and motor vehicle theft. These numbers reflect a years-long trend, with the number of violent crimes dropping for the fifth straight year and for the 18th time in the past 20 years, touching a low last seen in 1971. Furthermore the drops were registered in all four regions of the country.
And another fact – 41 states now allow citizens either to carry concealed or open carry without a permit, up from just a handful of states 25 years ago.
Gary LaFree, a criminology professor at the University of Maryland, tried to explain the coincidence. He said that a weak economy, an aging population, increased immigration, and a more robust police presence have all contributed to the drop. He pointed out that as the country’s population grows older, there are fewer young people who commit crimes. He added, “We also have a record number of immigrants and, contrary to popular belief, immigrants have lower crime rates than the rest of the country.” New American
One of the main reasons for the increase is that people just don’t trust Obama. There is concern that in his second term he will try to restrict gun ownership.
Stephanie Samford, a spokeswoman for the National Rifle Association (NRA), agrees: “Obama is a serious threat to the Second Amendment. He has a history of being anti-gun. With a second term, there is a lot he could do to infringe on our rights to keep and bear arms.” New American
The remarkable coincidence of increased private ownership of guns as reflected by the explosive growth of firearms manufacturers, coupled with the increased interest in self-defense and relaxed state rules regarding carrying a weapon with or without a concealed weapons permit, along with the steady decline in violent crime.
If Obama wants to really take credit for creating jobs, then he can, as this industry is one who has been rather successful during his failed Administration. Perhaps he should count the increase of sales of firearms his biggest achievement…..
- Posted in: Business ♦ Crime & Punishment ♦ Current Events ♦ Gun Rights ♦ Politics
- Tagged: 41 states have concealed weapons permit laws, a criminology professor at the University of Maryland, a spokeswoman for the National Rifle Association (NRA), Andrew Arulanandam of the National Rifle Association (NRA):, Gary LaFree, gun sailes rise 66% since recession, jobs created in industry, National Shooting Sports Federation (NSSF), Obama administration, Preliminary Annual Uniform Crime Report for 2011, Ruger & Company, Smith & Wesson, Stephanie Samford, Sturm