I'll get in before this gets closed due to politics.
Obama is very anti-gun; we know this from his voting record and from his statements prior to his 2008 presidential campaign, when he went more centrist with his rhetoric. The million-dollar question is this: will we get Obama the leftist from the Senate and Illinois state or Obama the center-leftist we saw on the campaign trail? The only person who really can answer this question is Barack Obama.
Both of my states' senators are Democrats, but both of them have very strong ratings from the NRA as they have consistently supported 2A. So have many Democrats who were elected in southern and western states in 2006 and 2008. This brings us to the other million-dollar question: will these Democrats vote their principles or be brow-beaten by (trying to restrain myself from not taking the high road here and using expletives) Nancy Pelosi. Again, this is up in the air.
Naturally, these conditions instill a large amount of fear among gun owners, hence the rush to purchase everything EBR as well as stock up on ammo. Demand increases without an increase in supply, prices go up. I fully expect to see mass price gouging at the next gun show.
Personally, I am considering buying an AK, as the gun has grown on me recently and because of the political uncertainty. An adjustable stock for AR and more mags are definitely in the works, guaranteed.
The solution for us gun owners: get active. Give your congressman or senator support if they back gun rights, and give them hell if they don't. Keep contributing to the NRA and other pro-2A groups.
Personally, I hope that the Dems have studied their recent political history and know the damage that the AWB helped do to them in 1994.