Surprise winner of Obama stimulus spending: gun industry

Many gun-loving Americans are convinved that President Obama and the Democratic-controlled Congress are bent on ripping rifles from their "cold, dead hands," as actor Charlton Heston once declared at a National Rifle Association meeting. But from the perspective of police departments – not to mention gunmakers – the Obama administration may go down as one of the most gun-friendly in history. Across America, police departments are using the taxpayer-funded stimulus bill to boost their arsenals with shotguns, handguns, and assault rifles. Among the general public, a record 1 million guns were sold across the United States in August alone, rebuffing expectations that, after 10 months, the post-Obama election gun-buying spree would abate. US gunmaker Smith & Wesson on Wednesday reported a 30 percent rise in sales in the first quarter, leading to unexpected profits and a rising stock price...CSM