Washington Babylon — April 3, 2009, 9:26 am

Why are Gun Sales Up?

From the lows of mid-day March 6th through the close of trading yesterday, the Dow Jones is up 23%, the NASDAQ 100 is up 24% and the Russell 2000 is up 31%.

Meanwhile first quarter results show that Sturm Ruger (RGR) stock is up 102% and Smith & Wesson (SWHC) stock is up 165%. What’s behind the gun boom?

Human Events, home to writers like Ann Coulter and Oliver North, attempts an explanation:

Where politics was rarely mentioned during a gun purchase a year ago, the store manager says at least 60% of his customers mention the Obama administration now.

At Rich Wyatt’s Gunsmoke, “We are getting ‘Prius-driving Obama people’ buying guns because they realize they picked the wrong pony…even though they never admit it.” Just like my local gun shop, Wyatt has “old ladies and young people and liberals” buying guns. He says that while there were spikes in gun buying during the Clinton administration, during the Rodney King riots, and even just before Y2K, he’s never seen anything remotely on this scale.

This calls for an investigation by Stephen Colbert.

This, however, seems plausible:

Much of the demand for ammunition is due to an NRA advertising campaign during election season which described Barack Obama’s historical positions on gun issues, including having said that he would support a 500% federal tax on guns and ammunition. And while it is true that Obama has not made many anti-gun statements recently, gun rights expert David Kopel explains clearly that Barack Obama is easily the most anti-gun President in US history.

Share
Single Page

More from Ken Silverstein:

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Postcard October 16, 2013, 8:00 am

The Most Cajun Place on Earth

A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits 

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

December 2014

Christmas in Prison

= Subscribers only.
Sign in here.
Subscribe here.

Poison Apples

= Subscribers only.
Sign in here.
Subscribe here.

Growing Up

= Subscribers only.
Sign in here.
Subscribe here.

Gateway to Freedom

= Subscribers only.
Sign in here.
Subscribe here.

Guns and Poses

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
Beeper World·

= Subscribers only.
Sign in here.
Subscribe here.

“The beeper, for a certain kind of Miami teenager in the Nineties, was an essential evolutionary adaptation.”
Photograph by Curran Hatleberg
Article
Hammer Island·

= Subscribers only.
Sign in here.
Subscribe here.

“The place could have sprung from someone’s jealous dream about white people.”
Photograph by Emily Stein
Article
Growing Up·

= Subscribers only.
Sign in here.
Subscribe here.

“The best coming-of-age stories have a hole in the middle. They pretend to be about knowledge, but they are usually about grasping, long after it could be of any use, one’s irretrievable ignorance.”
Photograph by Ben Pier
Article
Guns and Poses·

= Subscribers only.
Sign in here.
Subscribe here.

“‘It’s open shopping,’ he said. ‘A warehouse. The whole of Libya.’”
Map by Mike Reagan
Article
Christmas in Prison·

= Subscribers only.
Sign in here.
Subscribe here.

“Just so you motherfuckers know, I’ll be spending Christmas with my family, eating a good meal, and you’ll all be here, right where you belong.”
Photographer unknown. Artwork courtesy Alyse Emdur

Amount that President Obama has added to America’s “brand value” according to the Nation Brands Index:

$2,100,000,000,000

A study suggested that the health effects of exposure to nuclear radiation at Chernobyl were no worse than ill health resulting from smoking and normal urban air pollution.

A Utah woman named Cameo Crispi pleaded guilty to having drunkenly attempted to burn down her ex-boyfriend’s house by igniting bacon on his kitchen stove.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today