Gun control costs jobs

[jimpeel]

Interesting article from the Washington Times. Richard Diamond makes the point that uncertainty in firearms regulation makes firearms manufacturers timid about expansion and hiring.

SOURCE

DIAMOND: Gun control kills jobs
Stimulate the economy by repealing pointless firearms restrictions

By Richard Diamond - The Washington Times

Friday, January 6, 2012

Ever since Barack Obama was sworn in as president, the economy has misfired. Jobs remain scarce and the market has yet to recover the value it had prior to the 2007 crash. Though Mr. Obama’s policies have unintentionally given a major boost to an industry he hates - firearms - even this one bright spot hasn’t necessarily translated into new employment.

Take Sturm Ruger Co., one of the few publicly traded U.S. gunmakers. Anyone who happened to invest $100 in the firm’s stock on Mr. Obama’s Inauguration Day would have about $532 today. That’s stellar performance in any business climate. According to company filings, Ruger had orders in hand for twice as many guns as it had the capacity to manufacture. Under ordinary circumstances, such sustained demand would be a green light to expand production lines and make new hires.

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[Patriot86]

Obama is really gun salesman of the year, no matter how many times I hear that cliche it still rings true.

The article is also indicative of not only the firearms industry but also many many others.

As a professional business person in the commercial construction industry, I can say that a LOT of industries are holding back because they are simply unsure of what economic conditions will be under Obama not only in his first(and almost over term) but moreso in his second term.

Be it because of uncertainty over taxes, regulations on carbon carbon emissions, Higher energy costs or simple fears that the housing market is not going to ever be like it once was I personally know of many different tracts of the construction industry currently holding WAY back, taking the conservative wait and see approach.

I think we will all be surprised what happens when someone who is pro-business regardless of party affiliation ends up in the white house.
The same goes for the gun industry, while the "panic" buy mode may cool down under a pro gun president I don't see long term demand really going down.