Incredibly enough, there is a sector of the economy that has actually benefited under Obamanomics — firearms:
Smith and Wesson last week posted third-quarter profits of $2.4 million (£1.7 million), reversing a loss of $1.8 million over the same period the previous year, as its pistol sales leapt 46 per cent and tactical rifle sales more than tripled. Another manufacturer, Sturm Ruger & Co. reported an 81 per cent increase in takings.
The boom in sales has been driven of course by Obama's inevitable attempt to revoke our Second Amendment rights before Hopey Change encounters armed resistance. This attempt is already underway, so buy while you can.
March 15, 2009
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