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What a Biden Presidency Means for the Firearms Industry
fool.com ^ | Nov. 22, 2020 | Rich Duprey

Posted on 11/23/2020 10:55:33 AM PST by PROCON

Everything you need to know about what gun and ammo makers face.

~~~

Firearms manufacturers are certainly in the crosshairs as both the Democrat's campaign website and his stump speeches have specifically targeted the industry. So let's see what a Biden presidency might mean for gunmakers and potential sales.

Shooting through the roof

Industry observers dubbed former president Barack Obama the greatest gun salesman ever because sales soared during his administration due to fear he would enact strict gun control legislation. FBI criminal background checks more than doubled during his eight years in office, rising from 12.7 million in 2008 to over 27.5 million in 2016.

The industry went into a three-year slump following Donald Trump's upset victory four years ago. Yet in 2020, background checks are rocketing to record levels again, surpassing even the heights reached during his predecessor's administration. Through October, the FBI says the National Instant Criminal Background Check System has already performed 32.1 million investigations.

Notably, while sales began rising in early 2019, the trend markedly accelerated in March of this year as riots and civil unrest broke out across the country. The National Shooting Sports Foundation says background checks jumped 80% that month and have remained at elevated levels each month thereafter.

(Excerpt) Read more at fool.com ...


TOPICS: Business/Economy; Government; Society
KEYWORDS: 2ndamendment; banglist; biden; gunindustry; rkba
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This article is from an investment/stocks firm so a lot of their predictions depend on exactly what laws Biden will enact.

One thing for sure is that Biden is quoted as saying: "Our enemy is the gun manufacturers, not" the National Rifle Association.

1 posted on 11/23/2020 10:55:33 AM PST by PROCON
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To: mylife; Joe Brower; MaxMax; Randy Larsen; waterhill; Envisioning; AZ .44 MAG; umgud; ...

RKBA Ping List


This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.

FReepmail me if you want to be added to or deleted from the list.

More 2nd Amendment related articles on FR's Bang List.

2 posted on 11/23/2020 10:56:00 AM PST by PROCON (Molon Labe)
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To: PROCON

I remember the same with obama... more guns in people’s hand as a result and then ammo shortage. so I expect the same. stock up boys....


3 posted on 11/23/2020 10:58:24 AM PST by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: PROCON

BiXiden just wants to shift firearms manufacturing to China.


4 posted on 11/23/2020 11:02:16 AM PST by Paladin2
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To: VAFreedom
> I remember the same with obama... more guns in people’s hand as a result and then ammo shortage. so I expect the same. stock up boys....

You are kidding, right ?

There is nothing to buy now, and by the time any new stock would be ready, Biden (if G-d forbid he is sworn in) would immediately have the ATF find a way to block sales vie EO and shut down NICs.

5 posted on 11/23/2020 11:04:31 AM PST by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHIN)
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To: PROCON

What exactly does the “online sales” ban mean? Does that mean if I purchase something from Bud’s Online Gun Store, and have it shipped to my FFL dealer, that this will be illegal under the new Biden totalitarian regime?


6 posted on 11/23/2020 11:07:27 AM PST by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: PROCON

This all hinges on senate control. With a dim senate, we’re more than screwed.


7 posted on 11/23/2020 11:07:51 AM PST by umgud
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To: SecondAmendment

I’ve been buying like crazy the last four years, just in case. and everyone should too.


8 posted on 11/23/2020 11:08:25 AM PST by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: VAFreedom

So by now the price tag (if we add up all the posts) has got to be in the, as Liz Warren would say, buhzillions! 💸😨😂


9 posted on 11/23/2020 11:08:33 AM PST by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: SecondAmendment
There is nothing to buy now,

Fake news, there is plenty of online ammo to be had, of course the cost is higher but it is available.

Biden has promised to ban online ammo and gun sales but for the time being there is plenty.

My local gun store has plenty of pistols, Glocks, S&W, etc. Plenty of AR's too.

10 posted on 11/23/2020 11:12:35 AM PST by PROCON (Molon Labe)
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To: PROCON

Sloe Joe LIEd! But, then, he is a LIEberal, and LIEberals LIE!

Make no mistake about it: WE ARE BIDEN’S ENEMIES!


11 posted on 11/23/2020 11:17:15 AM PST by Taxman (MAKE AMERICA GREAT AGAIN, AGAIN!)
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To: PROCON

This article missed the big one

1) Remove Gun/Ammo Manufacturer’s and Gun Dealer Liability Protections.

They won’t be able to get insurance and be will swamped with lawsuits that they all will fold. No new guns will be manufactured and no guns & ammo will be sold.


12 posted on 11/23/2020 11:18:07 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: PROCON
>My local gun store has plenty of pistols, Glocks, S&W, etc. Plenty of AR's too.

Aren't there severe restrictions on buying semi-autos in your state now (WA 1639) ?

As for ammo, yikes looks like 2x for most rounds, and virtually all lower tier brands like Wolf & PMC, (i.e. no Federal, Hornady, etc).

13 posted on 11/23/2020 11:23:43 AM PST by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHIN)
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To: Greetings_Puny_Humans
What exactly does the “online sales” ban mean?

We don't know yet but expect the worse.

14 posted on 11/23/2020 11:24:32 AM PST by PROCON (Molon Labe)
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To: SecondAmendment

Tennessee runs its own BGC system. No federales involved.


15 posted on 11/23/2020 11:24:59 AM PST by Blood of Tyrants (If the meanings in the Constitution can change, why did they bother writing it down?)
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To: qam1

It is my understanding that when a gun store folds, the feds get the store’s sales records.

I’m sure some of you know more about this than I do.


16 posted on 11/23/2020 11:28:07 AM PST by Brian Griffin
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To: Greetings_Puny_Humans

DemocRats have always lied about the nonexistent online sales “loophole” where one private seller sells to another private seller without a FFL involved.


17 posted on 11/23/2020 11:28:11 AM PST by Blood of Tyrants (If the meanings in the Constitution can change, why did they bother writing it down?)
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To: qam1

Yep, even if the leftists lose in court, they mean to bankrupt the manufacturers with lawsuits with costly appeals.


18 posted on 11/23/2020 11:30:08 AM PST by Blood of Tyrants (If the meanings in the Constitution can change, why did they bother writing it down?)
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To: SecondAmendment
Aren't there severe restrictions on buying semi-autos in your state now (WA 1639) ?

Yeah, this once free state isn't so free anymore.

I-1639 said you have to take a 'safety course' in order to buy an AR, (or any other semi-auto rifle),the exact guidance wasn't clear so gun stores have been giving a free 15 minute gun BS session and then give you a certificate.

No restrictions on buying pistols other than not able to take immediate possession of it.

I bought a Glock 43 last Christmas on a Saturday and got a call from the gun store to pick it up on Wednesday, all background checks are done by local LEOS.

19 posted on 11/23/2020 11:30:43 AM PST by PROCON (Molon Labe)
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To: PROCON

Buy now. This isn’t going to end peaceably.


20 posted on 11/23/2020 11:43:51 AM PST by CodeToad (Arm Up! They Have!)
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