Gold & Silver Forum - Right now CNN Lou Dobbs story on Ammo shortage

Rush Transcript:
DOBBS: All right. Thank you very much. Brianna Keilar.

There is a shortage of ammunition all across this country. This shortage is affecting police and sheriff departments as well as private gun owners and gun dealers. Now gun shops, and I mean from coast to coast, they're reporting a run on ammunition. Something that started right after the election of President Obama.

As Brooke Baldwin now reports, gun owners are growing increasingly concern that the president and the Democratically controlled Congress will restrict Second Amendment rights.

(BEGIN VIDEOTAPE)

BROOKE BALDWIN, CNN CORRESPONDENT (voice-over): From the firing range to the gun shop, gun makers and gun dealers say bullets are in short supply.

DAVID PERRY, GUNNY'S INDOOR SHOOTING RANGE: You're 380, and your 38, and still very scarce item.

BALDWIN: Even police departments are feeling the pinch.

UNIDENTIFIED MALE: The orders are about six to nine months behind schedule.

BALDWIN: If bullets really are in short supply the question is why? Many point to politics.

LAWRENCE KEANE, NATIONAL SHOOTING SPORTS FOUNDATION: Given President Obama's track record in the Illinois Senate where he supported, you know, 500 percent increase in taxes on ammunition. So there was a lot of concern, and there remains a lot of concern about the Obama administration's intentions.

BALDWIN: Keane says there's also concerned that Congress led by a Democratic majority will move to limit Second Amendment rights. Political science professor and author Robert Spitzer says such fears are self perpetuating.

ROBERT SPITZER, AUTHOR, "THE POLITICS OF GUN CONTROL": Politically, it is a way for the gun rights community to rally supporters, to increase their membership, and to depict the Obama administration rightly or wrongly as this arch opponent of gun ownership and gun rights.

BALDWIN: During his campaign President Obama made a promise. Promise to defend the Second Amendment.

OBAMA: You've heard it here. I'm on television so everybody knows it. I believe in the Second Amendment. I believe in people's lawful right too bear arms. I will not take your shotgun away. I will not take your rifle away. I won't take your handgun away.

WAYNE LAPIERRE, NATIONAL RIFLE ASSOCIATION: I hope he keeps those campaign promises. I'll tell you this, though, if they break them, the NRA and the American public will be there defending this freedom.

(END VIDEOTAPE)

BALDWIN: Story definitely has some people talking today. In fact, one gun dealer says he tells time in two eras. He says it's a pre-Obama versus post-Obama auto supply era. But Lou, Spitzer and, you know, a number of different gun owners, gun dealers say the shortage should run itself out in the coming months.

DOBBS: And there's -- somebody is actively seeking to replenish the ammunition then?

BALDWIN: I talked to Remington, actually, a major manufacturer today, and hey, if you're looking for a job, that's a spot to go in Arkansas. That's...

DOBBS: So hot part of the economy.

BALDWIN: They've added a fourth shift at Remington.

DOBBS: All right. Thank you very much.