Time To Buy Gun Manufacturing Stocks

Here’s your hot stock tip for the day. Buy Colt. Buy Smith & Wesson. Buy Ruger. Hell, buy ‘em all. Gun sales are surging dramatically nationwide. Barack Obama has stimulated gun sales. A plurality of people buying guns in the last thirty days say that they are making the purchase now because Obama and Company want to confiscate guns during his next administration.

This is not the first time Obama has unintentionally stimulated the gun business. The “Cheaper Than Dirt Gun Store” in Texas reports that gun sales set a record for February, and only the election of Barack Obama in 2008 came close to producing such record-setting sales. Prior to and during that election, Obama made his disdain for private ownership of guns abundantly clear. He swept into office with majorities in both houses of Congress, equally determined to get guns out of the hands of American citizens.

The US Supreme Court in Washington DC declared that gun ownership was a fundamental constitutional right, then took on a Chicago case which expanded on the earlier decision by declaring that gun ownership is an individual right rather than a collective right occasioned by the necessity of a well-regulated militia. The latter decision also established that the fundamental right was protected from state as well as from federal infringement. Those two decisions make gun-grabbing a lot more difficult since the states and the federal government can no longer infringe on gun ownership for anything less than a compelling state interest rather than the previous and easier test of reasonableness.

Since then, the people have seen just how dedicated the Obama administration is to undoing those two decisions. Operation Fast and Furious appears to be a Keystone Kops attempt by the administration to prove how easy it is for criminals to purchase guns, requiring federal and state intervention in gun ownership. It went horribly wrong, and innocent people died as a result. Worst of all, criminals have always found it easy to purchase guns illegally and didn’t need the help of the federal government to prove it.

Two other factors, aside from the fact that Obama has an “odds-against” chance of being reelected, have spurred the current massive increase in gun purchases. First, Obama has daily proven that the law and the Constitution mean little to him and that he thinks the separation of powers is an impediment to efficient progressive bureaucratic government. So he has increasingly relied on executive orders to circumvent Congress and the courts. There’s plenty of reason to believe that he would use one or more of his czars to start using regulations instead of law to prevent citizens from legally purchasing guns.

The other is that he and his gun-grabbing Secretary of State are actively supporting United Nations “arms control” initiatives. Once again, they intend to try to get in through the back door what they couldn’t get in through the front door. Go along with UN gun-grabbing (particularly small arms and handguns), pass a UN resolution, then try to slide a treaty obligation past the Senate in order to bypass the Constitution entirely. It’s highly unlikely that they could succeed in getting the Senate to ratify such a treaty, but they will try mightily. And in that unlikely event, the Supreme Court would be very likely to strike the treaty down for interference with what it has recently declared to be a fundamental constitutional right.

No doubt some of the surge in gun sales is attributable to conspiracy theories and survivalist mentality. But there are plenty of perfectly sane, thinking and fearful Americans who believe that this is no time to risk their family’s safety betting on Obama losing the election and/or abiding by the law or the Constitution if he wins. Hell, the only reason I’m not rushing out to buy a gun is that I already own one and know how to use it (the picture is a .357 Colt Magnum Trooper Mk V revolver, almost identical to my own).

We need to give Obama a round of applause. This is the first stimulus his administration has produced which benefits private enterprise, doesn’t cost the taxpayers a dime, has a proven track record of success, and reinforces instead of diminishing the second item on the Bill of Rights. Take a bow, Mr. President.

On a related note, after this article was originally written, a federal judge in Maryland has struck down the state's handgun permit law. The law allowed issuance or re-issuance of concealed weapons permits only if the applicant could show "good and substantial reason" for needing the permit. The judge proved he understood the Supreme Court decisions which now hold that only a compelling state interest can override the fundamental right to keep and bear arms. The Maryland law did not satisfy that requirement. Put simply, the judge's ruling enhanced the "fundamental rights" issue in the Supreme Court decisions. "One does not need a 'good and substantial reason' to exercise one's First Amendment right to speak freely, nor does one need a 'good and substantial reason' to exercise his Second Amendment right to bear arms." Bravo, Judge.

Food for thought: Once the news of the surge in gun sales gets out in the MSM, how long do you think it will be before Eric Holder starts announcing that gun control is a vital necessity because white folks are buying guns to assassinate the President?