Sunday, November 9, 2008

Gun Sales are up

Gun sales are up and still rising. Gun stores are complaining they could make more money if they still had guns to sell.

http://abcnews.go.com/US/story?id=6209255&page=1

http://abcnews.go.com/Nightline/ (Friday, Nov 6th)

So, all retailers are down in sales from last year. Unemployment is up to its highest level since 1999 (6.5%..which isn't all that bad, but not great). Car sales are down about 30% or more from a year ago, and a year ago sales were bad. But, gun sales are up.

Gun sales are up for several reasons. One, when the economy takes a nose give, like in 1982 or after 9/11people go into "fear" mode. Two, when you get a president (elect) who has stated on many occasions that guns have to go and he is going to do anything he can to get rid of them, people go out and hoard guns so they can have them before the new president bans further sales.

Most distributors are out of "black rifles" and those they are selling is at a large premium over what they were two months ago, or a week ago. So, manufacturers are making a lot of money. Distributors are making a lot of money. Gun Stores are making a lot of money. And Joe the Plumber is getting hosed, again.