Trump’s pro-Second Amendment platform could end gun sales boom

by Brooke Singman | FowNews.com  |  published on November 22, 2016

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President-elect Donald Trump is expected to push to relax gun laws when he takes office, but significant changes in the firearms industry began as soon as he was elected – and some put the law of unintended consequences squarely in the cross hairs.

For instance, while Trump’s unapologetic pro-Second Amendment stance may be good for gun owners, it has already dealt a blow to manufacturers, who enjoyed record sales throughout President Obama’s eight years in office. Stocks in companies like Smith & Wesson and Sturm, Ruger & Co. plunged on Nov. 9, and experts say it is because Trump’s election erased fears that guns would become harder to get.

“A lot of people were buying guns simply because they were worried Hillary Clinton’s regulations would make it more costly and more difficult to buy guns, and people are not going to feel quite the need to go out and buy guns now,” Crime Prevention Research Center President John Lott told FoxNews.com. “I think the stock market is a pretty good predictor of what’s going to happen, and the fact that you see drops in stock prices by almost 20 percentage points –I think that’s pretty significant.”

While the government does not publish an official number of gun sales, background checks, a gauge of how many people try to buy guns, skyrocketed under President Obama. In 2008, 12.71 million background checks were conducted, a number on pace to double this year, to set an all-time record.

The prospect of a pro-gun control administration of Hillary Clinton following Obama, together with a campaign that put gun rights in the spotlight, was the likely driver of the firearms boom, acknowledged Joshua Horwitz, executive director of the Coalition to Stop Gun Violence. But he was skeptical that a rise in 2016 gun sales or an anticipated dip in the coming year will have a major effect on crime.

  • Donnie Buchanan

    Now, Gun prices may drop enough for us to buy some that have been financially out of reach.

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  • snowyriver

    Yes, citizens will not need to buy a gun immediately and other needs will be put on the front burner.

  • NM Leon

    It may be an opportunity to pick up a few firearms from people who only bought them in case they were going to be banned.

  • Rodney Steward

    I think people should keep their heads on right and keep doing what they feel is safe!! We’ve still got a lot of people that have come to this country over the past 8 years that still want to hurt us! STAY SMART!!

    • Harry J Schaubel

      Actually now, more than b4 we need to keep locked and loaded and finger on the safety. There are a cpl hundred k Radical Muslims IN the USA, now, thanks to Obama. And I’m really doubting that the NWO is just going to roll over and drift off. Keep your eyes peeled. These Riots are just the beginning. They will escalate until he declares Martial Law. And “Because of a distrust in US Troops being unwilling to use needed force against American Citizens”, he’ll feel compelled to bring in UN Troops. About that time, his Muslim Army will rise up.
      No. I can’t believe they will go this tamely.

      • Rodney Steward

        I totally agree my friend, and it just may happen right before Trump goes into office, it’ll be his best chance and most people know it!

  • justinwachin

    The Obama gun sales boom is a great example of how the threat to ban something usually strengthens the desire for the thing being banned.

  • Karll

    Maybe I’ll be able to find some ammo for sale, now.

    • NM Leon

      Try gunbot.net

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