Sunday, November 9, 2008

Fears of Obama administration boost gun sales

Who said Obama will be bad for economy? One industry is already being helped by him being elected — the gun industry.

Last month, as an Obama win looked increasingly inevitable, there were more than 108,000 more background checks for gun purchases than in October 2007, a 15 percent increase. And they were up about 8 percent for the year as of Oct. 26, according to the FBI.

No data was available for gun purchases this week, but gun shops from suburban Virginia to the Rockies report record sales since Tuesday's election.

“They’re scared to death of losing their rights,” said David Hancock, manager of Bob Moates, where sales have nearly doubled in the past week and are up 15 percent for the year. On Election Day, salespeople were called in on their day off because of the crowd.

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