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Gun sales have skyrocketed since Barack Obama became president, says Bloomberg Business Week blogger Joshua Green. During that time, the stock of gunmaker Sturm Ruger (RGR) has outperformed gold. Analysts aren’t sure what’s causing the trend. Many anticipated a boost in sales from gun owners fearful that Obama might outlaw assault weapons — the “fear trade.” They expected a brief spike, no more. Instead, gun sales kept rising, and they’ve continued to rise even since last fall. Ruger, up 400 percent at the time, is now up more than 500 percent.
Despite the fact that Obama hasn’t made the slightest feint toward regulating guns, firearms enthusiasts have whipped themselves into a paranoid frenzy, convinced that this is all just part of some elaborate conspiracy. National Rifle Association executive director Wayne LaPierre told the Conservative Political Action Conference (CPAC) two weeks ago of a "a massive Obama conspiracy to deceive voters and hide his true intentions to destroy the Second Amendment during his second term." The website ammo.net has a graphic on just why Obama is, as they put it, the “greatest gun salesman in America”
