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Remington files for bankruptcy amid declining gun sales - http://ezmoneyonlinefromhome.com | how to make money online

February 13, 2018 4:44 pm
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The firearm industry was riding high during the run-up to the 2016 election. Hillary Clinton was favored to win, and an array of gun rights advocates warned of a looming Second Amendment crackdown. Earlier that year, President Barack Obama had stoked similar fears by proposing to expand federal background checks. Firearm purchases soared.

That hoariest of right-wing boogeymen – a new Democratic administration hellbent on taking everyone’s guns – had returned. One Las Vegas gun store even advertised a “pre-Hillary” sale. “Don’t wait!” it cautioned. “Prices will skyrocket after Crooked Hillary gets in.” Between December 2015 and December 2016, the FBI reported record numbers of background checks.

President Donald Trump‘s upset over Clinton seems to have helped reverse all that. Fears of a crackdown have tapered off under a president who called himself a “true friend” of the National Rifle Association. And so have gun sales.

It’s against that backdrop that the legendary gun manufacturer Remington on Monday said it would file for Chapter 11 bankruptcy.

 
 

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