If this is the case it is a great example of how little Obama understand economics. Simple supply and demand here.
Check it out:
U.S. Sen. Jim Inhofe, R-Okla., says he believes open purchase orders from the Department of Homeland Security to buy over 1 billion rounds of ammunition are part of an “intentional” effort by the Obama administration to “dry up the market” for gun-owning citizens.
“We have in this country the Second Amendment that preserves the right to keep and bear arms,” Inhofe told radio host Aaron Klein, “and the president doesn’t believe in that.”
Inhofe was a guest on “Aaron Klein Investigative Radio” on New York City’s WABC station, talking about his Ammunition Management for More Obtainability – or AMMO – bill, which is designed to limit non-defense, armed federal agencies to pre-Obama levels of ammunition. The bill, S.843, has been referred to Senate committee, while a similar bill sponsored by Rep. Frank Lucas, R-Okla., has been referred to House committee.
“President Obama has been doing everything he could to stop the private ownership of guns in America,” Inhofe asserted. “Yet he’s been voted down in a big way by a large majority, and so my feeling is that he’s doing this to buy up [ammunition] so honest, law-abiding citizens here in the United States, like my son, can’t even buy ammunition because government is purchasing so much.”Continue reading on redflagnews.com