|AAFD President Henry Stephenson|
The AAFD is a trade association made up of firearms manufacturers and retail dealers.
According to AAFD President Henry L. Stephenson, speaking from his St. Louis headquarters, told us:
"Obama is the best thing that ever happened to the firearms industry. The last three years have been record years for our sales, thanks to widespread fears that President Obama will eventually ban the private ownership of firearms."Since Obama was elected in 2008, guns and ammunition have been flying off the shelves. An article in Bloomberg News discussed this phenomenon, author Joshua Green wrote:
"The government doesn’t track individual sales. But the FBI criminal background check required to purchase a gun is considered a reasonable proxy, and these have hit record numbers each year Obama has been in office. This year, they’re on track to surpass 15 million for the first time."
Take for instance Strum Ruger whose stock price has risen more than 400 percent since Obama was elected. Gold, on the other hand, has only risen 113 percent.