Everybody knows what really pushes gun sales in the US…
And no the New York Times got around to reporting it.
For gun makers, it was a familiar story. On Sunday, President Obama called for making it harder to buy assault weapons after the terrorist attack in San Bernardino, Calif. On Monday, the stock prices of two top gun makers, Smith & Wesson and Ruger, soared.
“President Obama has actually been the best salesman for firearms,” said Brian W. Ruttenbur, an analyst with BB&T Capital Markets, a financial services firm.
Fear of gun-buying restrictions has been the main driver of spikes in gun sales, far surpassing the effects of mass shootings and terrorist attacks alone, according to federal background-check data analyzed by The New York Times.
“It would be like you’ve never owned a toaster, you don’t really want a toaster, but the federal government says they’re going to ban toasters,” Mr. Ruttenbur said. “So you go out and buy a toaster.”
Gun Control Proposals
Gun sales rose in New Jersey in 2013 after Gov. Chris Christie proposed measures that included expanding background checks and banning certain rifles. (Mr. Christie later vetoed one of the most stringent parts of the proposals.)
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