Filed in archive
regulators
by leon on September 14, 2009
Beware the law of unexpected consequences! The Obama administration's stimulus funds have boosted the gun industry, reports the Christian Science Monitor. According to that report, a record one million guns were sold in the US in August with police departments using stimulus funds to buy new guns. "Gun culture magazines in the '90s named [President] Clinton 'gun salesman of the year,' but I think Obama, without even trying, has become gun salesman of the century," one commentator told the Christian Science Monitor.
Of course, it's not just the stimulus funds. In these uncertain times, people are scared so gun sales soar. That's one reason why Charlie Gasparino at the Daily Beast recommends investors buy up shares in Smith & Wesson which is up around 70%.
As he says, that's not quite the flight to quality we would like.
Permalink: Obama and bad economy boost gun industry
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/161532
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Obama and bad economy boost gun industry:
|
Rating: 8.00 out of 3 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
