Gun sales spike after election
In the days after the election, gun sales apparently spiked, according to WITN in North Carolina.
Fears of strengthened gun control laws apparently instigated the buying frenzy.
“They’re worried about tax increases on ammunition, and then of course the second thing probably going to be the assault weapons,” which are typically the target of government control, said one gun store employee.
An assault weapons ban expired years ago, but last month President Obama said legislation should be revisited.
While gun owners may worry about Obama’s reelection, a political science professor from Eastern Carolina University said, “The president doesn’t have the ability to strengthen any law beyond what Congress has already authorized.”
According to KATC, stock of Strum Ruger and Company rose 13 percent, while Smith and Wesson was up 17 percent.
Watch the video from WITN below.