Seeking Alpha

alexoscarew's  Instablog

alexoscarew
Send Message
My blog:
  • Could These Sneaky Taxes Bring Down The U.S. Debt? 0 comments
    Oct 31, 2012 9:16 AM

    Read More http://www.investmentcontrarians.com/stock-market/could-these-sneaky-taxes-bring-down-the-u-s-debt/913/

    Nothing motivates like fear. Barack Obama won the U.S. presidential election on November 4, 2008, and gun sales surged. For the week of November 3, 2008, the Federal Bureau of Investigation (FBI) received more than 374,000 requests for background checks on gun purchasers, a 49.0% increase over the same period in 2007. (Source: "Gun sales surge after Obama's election," CNN, November 11, 2008.)

    The surge was attributed to fears that a Democratic president and Democratic-controlled Congress would restrict firearm ownership. Similar surges accompanied the election of Bill Clinton, the last Democratic president.

    Fast-forward to 2012 and it's déjà vu. In August, firearm sales checks were up 27.8% year-over-year to 1.04 million. (Source: "August sees 27.8% increase in firearms sales checks," Buckeye Firearms Association, September 6, 2012.) In September, they were up 14.7% to 1.07 million. This marks the 28th straight month that the National Instant Criminal Background Check System (NICS) figures have increased year-over-year. (Source: "September 2012 NSSF-Adjusted NICS Background Checks Up 14.7 Percent," National Shooting Sports Foundation, last accessed October 26, 2012.)

    Read More http://www.investmentcontrarians.com/stock-market/could-these-sneaky-taxes-bring-down-the-u-s-debt/913/

    Best Technology Stocks

Back To alexoscarew's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.