by Allen West
Americans are certainly being hurt by the Obama economy but one industry continues to boom. According to David Sherfinski at the Washington Times:
Gun records checks, fueled by a post-Newtown boom of gun sales, hit a new high in 2013, and industry analysts expect ammunition to be the big seller this year as consumers catch up to all of those firearms purchases. More than 21 million applications were run through the National Instant Criminal Background Check System last year, marking nearly an 8 percent increase and the 11th straight year that the number has risen.
In an interesting coincidence, this report came out as a federal judge was ruling against Chicago’s ordinance banning the sale of firearms within city limits. According to the Chicago Tribune, U.S. District Judge Edmond Chang said:
“Chicago’s ordinance goes too far in outright banning legal buyers and legal dealers from engaging in lawful acquisitions and lawful sales of firearms, and at the same time the evidence does not support that the complete ban sufficiently furthers the purposes the ordinance tries to serve.”
Perhaps Chicago-style politics were at play? BizPac Review says:
Chicago Mayor Rahm Emanuel wrote letters to Bank of America and TD Bank a year ago, asking them to cut off any business dealings with gun manufacturers. He hoped to force the weapons companies into supporting restrictive gun control measures. At the time, Smith & Wesson had a $60 million line of credit with TD Bank, and Sturm, Ruger & Co. had a $25 million line of credit with Bank of America.
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