The Obama Gun Surge
Photograph by Emily Keegin for Bloomberg Businesswee
In anticipation of a gun control crackdown that never happened, the firearm-buying public has treated the gun industry to an “Obama surge.” Although hard sales figures aren’t available (most gun manufacturers are privately held), one proxy for sales, revenue from the federal firearm-and-ammunition excise tax, rose nearly 30 percent during Obama’s first year in office. Exhausted gun buyers moderated their shopping during the last two years, but overall sales remain higher than in 2008.
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