Gunmaker Colt files for bankruptcy

Iconic gunmaker files for bankruptcy citing a high debt load and a tough market:

http://ift.tt/1efSWLA

It is however Obama's fault :D

Quote:

Colt's fortunes were hurt by a loss of a contact in 2013 to supply the US army with its M4 assault rifle.

via International Skeptics Forum http://ift.tt/1LaJvHx