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Politics

Smith & Wesson Reports President Obama Has Been Good For Gun Sales

Gunmaker Smith & Wesson credits its higher earnings to Barack Obama's presidency.
Gunmaker Smith & Wesson credits its higher earnings to Barack Obama's presidency. Photo Credit: File Photo

WESTCHESTER COUNTY, N.Y. – Gunmaker Smith & Wesson reported its shares are up more than 10 percent in its quarterly earnings report and says President Barack Obama is one reason why, reports Business Insider .

The gunmaker attributes higher sales to tighter gun-control policy discussions – if consumers think they won’t be able to buy guns in the future, they will buy them now in large quantities, according to the report.

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