They are completely nuts. Ruger and Smith & Wesson's stock prices are much higher than they were on Obama's inauguration day in 2009.
Their argument runs something like, "Chrysler and GM went bankrupt, so people are going to stop buying cars", and "Oh, and people will stop buying Hondas, Toyotas and BMWs, too. Just because."
Colt is bankrupt because it is badly managed. The Colt brand should live on, under new management. (Maybe they'll even bring back the Python!)
Since this is a huffypo blog, it is full of misinformation and twisted “fact;” but, mostly fringe lunatic liberal wishful thinking. Let the “professor” who wrote this be blissful in his suppositions.