Gun industry delights in election year ammo sales

Ammunition sales are going gangbusters in 2012, with bullet manufacturer Olin Corp. reporting a 13 percent increase in civilian sales this year so far. Ditto the guns that fire those bullets -- background checks for immediate firearm transactions have increased 22 months in a row. Reports say the election year boom has led to gun industry "insiders" calling President Obama "salesman of the year" because gun sales also shot up after he was elected. Supposedly the prospect of tougher gun laws has led to folks stocking up on guns and ammo in both cases. Recent sales of semiautomatic assault rifles have been especially strong because people apparently fear Obama would have no reason not to ban them in a second term.