Gun sales see record Black Friday
Buyers swamped dealers, causing the FBI center that handles background checks to crash twice.
Was there something in this year's turkeys that made folks want to buy a gun?The day after Thanksgiving saw a record number of background-check requests from gun dealers. The calls came in so fast and furious, in fact, that the FBI centers that handle the requests crashed twice that day, USA Today reports.
Though accurate gun sales numbers are hard to come by, the overwhelming activity suggests that Black Friday was one for the record books for the firearm industry.
The FBI thought it was prepared for the day, particularly after hitting its previous one-day record on Black Friday 2011. That day, the bureau's call center took 129,166 requests.
But this year, the bureau took 154,873 calls, or about a 20% increase. You can't equate that to number of guns sold, however. The buyer may have decided against a purchase at the last minute. Or the buyer might have picked up more than one gun.
What was the reason for the new sales? Observers point to three areas. First, President Obama's re-election may be spurring fears of a new crackdown on guns. Obama hasn't exactly done much in this area -- in fact he signed a law in his first term allowing loaded guns in national parks -- but he did suggest in one of the presidential debates that he was in favor of reintroducing an assault weapons ban.
Another reason is a growing interest in guns on the part of women. The National Rifle Association says that women are its fastest-growing membership group. A final reason is that hunting and other shooting sports are gaining in popularity. MSN Money's Bruce Kennedy reported Wednesday that there was a 9% increase in hunters last year compared with 2006.
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Those who would google for "Economic problems 2012" or some similar search will quickly learn why many more Americans are arming themselves. Europe is looking pretty weak. China's export markets are looking pretty dim. France is gaining ground to becoming Europe's latest biggest economic disaster. The U.S. is not addressing its spending addiction nor the approaching entitlement/public employees retirement freight train. It appears to more and more Americans that government is "kicking the (so called) can" right into America's balls. Americans are confronted with the thought that they may have to use guns to protect themselves from others who might use guns against them. The American economy is NOT recovering quickly enough, not especially in relation to the creation of new government debt. What happens to me if I spend far more than I can hope to repay? I will lose everything. What happens when our government spends more that it can possibly repay? We all lose everything. The value of your money is in government's hands. Does that make you feel good? If not, buy guns and lots of ammo.
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[BRIEFING.COM] Little change since the last update as buyers -- today anyway -- haven't shown a great deal of zest to buy on the dip. Plenty can happen in the last hour in a thinly-traded market to change that, but today's market isn't one that gives you any good feeling that there is bound to be a closing rush of interest on either the buy side or the sell side.
There isn't any economic data tomorrow, but there will be a number of earnings reports from the retail sector. Dow ... More
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