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Beware the law of unexpected consequences! The Obama administration's stimulus funds have boosted the gun industry, reports the Christian Science Monitor. According to that report, a record one million guns were sold in the US in August with police departments using stimulus funds to buy new guns. "Gun culture magazines in the '90s named [President] Clinton 'gun salesman of the year,' but I think Obama, without even trying, has become gun salesman of the century," one commentator told the Christian Science Monitor.
Of course, it's not just the stimulus funds. In these uncertain times, people are scared so gun sales soar. That's one reason why Charlie Gasparino at the Daily Beast recommends investors buy up shares in Smith & Wesson which is up around 70%.