There are still a lot of questions about the presidency. There’s been a lot of shady stuff going on during this election cycle and we, the voting public, deserve answers. However, I don’t think we’re going to get them.
If that happens, we’re looking at President Joe Biden. That’s not good for any of us, but there is one group of people who are likely to profit and that’s gun manufacturers.
Joe Biden’s White House win could boost gun sales in what has already been a landmark year for gun makers.
“The election of a Democratic president who has promised to tighten gun control legislation could very well prompt increased demand for firearms,” says Rommel Dionisio, managing director of Aegis Capital.
Biden has long been vocal on the issue of gun control. The former vice president has said gun manufacturers are “the enemy” of the Democratic party’s gun control efforts. His campaign website calls for a ban on manufacturing and future sales of assault weapons like the AR-15, a position he has maintained since a string of high-profile mass shootings in 2019.
Dionisio says gun owners’ fears of Democrats passing gun control legislation fuels a predictable surge in sales before and after elections.
Honestly, this isn’t shocking news. President Barack Obama was the greatest gun salesman the world had ever seen, creating a demand for guns that was unprecedented.
And yet, he didn’t actually run on gun control.
Oh, don’t get me wrong, we all knew he wanted gun control. He even admitted as much, but he also admitted that he knew he didn’t have the votes for it so he didn’t run on it. He tried to do what he could through executive action and he made a lot of anti-gun noises, but he never really was in a position to do what he wanted to do.
Biden, on the other hand, ran on gun control. It was a critical issue during the primary and the issue remained on his website as a key issue for him. He also has a long legislative history of supporting gun control.
Further, he has a Congress that’s partially on his side and a potential split in the Senate depending on what happens in Georgia. There’s even more reason to be afraid for your gun rights than there was under Obama.
And yet, again depending on what happens in Georgia, there may not be anything Biden can actually do.
It won’t matter, though. The threat will be enough to send gun sales through the roof. Even a red wave during the midterms wouldn’t be enough to quell the fears, which means even more gun sales.
Many gun manufacturers apparently haven’t increased production to meet demand out of a belief that it would eventually die down and they didn’t want to have excess inventory sitting on distributors’ shelves. I don’t blame them. However, based on what we’re seeing, especially if the court cases go in Biden’s favor, it might well be time to rethinking that position.