11/17/2009

Appearing on Coast-to-Coast AM for a couple of minutes during George Noory's news segment sometime between 1:05 to 1:15 AM EST

George Noory is having me on tonight to briefly to talk about the increase in gun sales in the US.

All over America demand for firearms and ammunition is rising amid concerns that rising unemployment, which passed 10 per cent this month, will lead inexorably to higher rates of crime. Fears of terrorism have also helped to lift demand, as have concerns among gun owners that the Obama Administration may introduce restrictions on gun ownership and impose additional taxes.

Smith & Wesson is expecting sales to rise by 30 per cent to $102 million (£61 million) in the first quarter of the next financial year, after growing by more than 13 per cent this year to $335 million.

At Sturm and Ruger, sales for the third quarter hit $71.2 million, up 70 per cent from the same period last year. At Glock, the leader in law enforcement markets, pistol sales rose by 71 per cent in the first quarter of the financial year for 2010, in comparison with the same period last year.

According to the National Shooting Sports Foundation, the FBI carried out more than a million background checks on behalf of gun dealers in September (a check is required with every sale), an increase of 12.4 per cent on the same period in the previous year. . . .


See also this from the Washington Post:

In a year of job losses, foreclosures and bag lunches, Americans have spent record-breaking amounts of money on guns and ammunition. The most obvious sign of their demand: empty ammunition shelves.

At points during the past year, bullets have been selling faster than factories could make them.

Gun owners have bought about 12 billion rounds of ammunition in the past year, industry officials estimate. That's up from 7 billion to 10 billion in a normal year.

It has happened, oddly, at a time when the two concerns that usually make people buy guns and bullets -- crime and increased gun control -- seem less threatening than usual.

The explanation for the run on bullets lies partly in economics: Once rounds were scarce, people hoarded them, which made them scarcer.

But the rush for bullets, like this year's increase in gun sales, also says something about how suspicious the two sides in the gun-control debate are of each other, even at a time when the issue is on Washington's back burner.

The run started, observers say, as people heeded warnings from the gun-rights lobby that a new Democratic administration would make bullets more expensive or harder to get. Now that the shortage is starting to ease, gun-control groups are voicing their own dark worries about stockpiled ammunition. . . .

Labels: , ,

0 Comments:

Post a Comment

<< Home