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Guns are big business in America – so big, in fact, that despite making vastly more firearms than any other nation, the U.S. also is the largest importer of handguns, rifles and shotguns.
Demand is so high, that on top of the 6.54 million pistols, revolvers, rifles, shotguns and other firearms made in America in 2011, an additional 3.25 million were brought in from other countries, according to records of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives. Domestic production grew by 1 million guns from the 2010 volume and imports increased by half a million. Source: ATF All told, the firearms industry contributes more than $33 billion to the U.S. economy and supports about 220,000 jobs, according to the National Shooting Sports Foundation. That’s more than double the North American payrolls of General Motors, which President Barack Obama called “a pillar of our economy” when he explained the decision to provide more taxpayer aid to help save the car maker in 2009. Unlike GM, which employs 101,000 people in North America and 213,000 worldwide, the gun business is divided up among thousands of little companies with just a few big, recognizable brands like Ruger, Smith & Wesson and Remington. Big or small, companies making and selling firearms and ammunition provide jobs in every state. http://www.theblaze.com/stories/2013...bailed-out-gm/
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Ron #CBOB0604 Proud Member: "Team Ranstad" |