The fear that the Obama administration would take guns and ammunition away from Americans was great for the guns and ammunition business.
Sports retailers couldn’t restock shelves of ammo fast enough.
Now that Donald Trump, a strong gun rights advocate, is in the White House, times are tough.
The Star Tribune reports that Federal Cartridge, the Anoka ammunition maker, laid off 14 more workers this week, bringing to 186 the number of people who’ve lost their jobs this year.
Why? Because people aren’t afraid.
“Inventory levels have remained high since the election and we are waiting for those inventories to clear. In the meantime, we are finding ways to manage our efficiencies,” said Amanda Covington, spokeswoman for Federal’s parent firm Vista Outdoors.
Firms such as Winchester Ammunition and American Outdoor Brands, formerly Smith & Wesson, have also seen consumer sales or stock prices fall since the November election.
The timing of the slowdown is particularly bad for Federal Cartridge. Last year it announced a $33.9 million factory expansion and efficiency project in Anoka. At the time, the company had promised to create 50 new jobs in exchange for a $1.15 million grant from the state of Minnesota.
Things might be looking up, however. The number of Americans applying for background checks to purchase firearms rose 6.5 percent last month, according to the FBI. It’s usually a barometer of future conditions in the guns and ammo market.
The Mark Zuckerberg “I’m not running for president (although I am)” tour rolled into Minneapolis last night, according to the Facebook founder’s Facebook page.
Most people who are running for president usually declare at this time of the campaign cycle that they’re not. And we dutifully report that they say they’re not, forcing you to choose between what they say and your lying eyes.
(Cough) Amy Klobuchar. Mark Zuckerberg. Tim Pawlenty.
It’s one of the reasons we’re big fans of the NPR Politics podcast crew, which is more willing to declare certain “truths” on a podcast than on the more buttoned-down radio side.
“It is really remarkable that we’re talking about this many women are being seriously considered as viable candidates for a major party nomination. It is not just one super-well-known woman who people kind of see as inevitable.This is a whole bunch of newcomer women. This is a big deal and we shouldn’t forget that,” NPR political reporter Danielle Kurtzleben noted on one of this week’s podcast, after mentioning Klobuchar first among the women she sees as presidential candidates.
As for Zuckerberg, host Domenico Montanaro, NPR’s political editor, took special note of his visits and Facebook posts. “(He’s) posting these very politician-sounding posts like, ‘just had a very great visit with a family in Ohio.'”
“Who’s not running for president if you’re feeding baby cows?” he asked.
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