The theory I heard about the .380 shortage was that manufacturers had shifted to the more popular calibers for production. The manufacturers aren't really the ones gouging, and if they make more money off 9mm than .380... they're making more 9mm in a shortage.
That was the case for some at first, but the plain fact is that there simply wasn't much brass for them to load.
Until last year, .380 was a niche caliber. Not much was produced, and not much was consumed in comparison to other calibers.
Then the election happened. Everyone who had an old PPK or Jennings sitting in their dresser drawer said, "hey! I should get ammo for this!" and demand spiked. During this time, several manufacturers introduced guns chambered for the round, which only exacerbated the situation.
Demand exploded, and manufacturers were left with a choice: invest hundreds of thousands of dollars on new equipment to address a temporary phenomenon, or continue to produce all they can under present conditions.
Honestly? If I were them, I'd take option 2 as well. There's no point in spending massive amounts of capital to produce something that'll only be in demand for a few months.
As far as other calibers, I know that Winchester added a third shift and has been running 24/7 for quite some time now. We've been seeing smaller companies doing so as well, and in some cases,
quality has suffered.
Obama won't be banning guns? In spite of the fact that he's already bemoaned not having the votes to do AWBII?
Those of us from Illinois have no doubts what he'll do, and when he'll do it-he'll ban every gun he can, as soon as he has the political ability to do so.
And this sort of thing isn't helping with the hysterical demand, either.