President Obama has created hundreds perhaps thousands of jobs and almost single-handedly revitalized, one private sector segment of the economy. However, it is doubtful that you will hear him or his legion of supporters in the media mentioning it during the 2012 campaign.
Since 2008 President Obama has boosted this economic sector by 61%. He has taken a significant manufacturing arena from a $19 billion to a $31 billion yearly industry. That segment of the economy is the nation’s gun and ammunition industry.
The number of jobs in the gun industry increased by 30 percent to 98,750 employees, and firearms businesses paid $2.5 billion in federal taxes, up 66 percent in the three-year period. Additionally, background check requests for purchases of firearms set records in 2010 and 2011 according to FBI data.
Fear can be a great booster to some economic areas and an enormous restriction to other segments. The fear of what an Obama Administration might do to Second Amendment freedoms and the restriction of gun ownership, particularly in a possible second term, has clearly been a driving force behind most all of this growth in a down economy. Some industry leaders have even joked about giving the President a “salesman of the year” award.