President Obama just reclaimed a narrow victory over Mitt Romney to get his second term. Just 2 million votes separated the candidates in the entire nation. But in Obama 1st term in a bad economy he wasted too much, focus too little on the economy & jobs and that decision will cost him and the country dearly in his second term.
Businesses have now read the tea leaves and decided overwhelmingly that the United States is now a bad investment. Conservative Michelle Milkin warned in a recent column prior to the election that the LAYOFF BOMB would explode if Obama got a second term. Business has been put in a position where Growth was a bad idea. This over bearing administration taxed, regulated and demonized business. The Layoff Bomb has went off.
Heres a list of companies who have just announced significant lay offs in the past 48 hours:
Westinghouse,
Research in Motion,
Boeing, US Cellular,
Commerzbank,
Iberia,
ING,
Ericsson,
Bristol-Myers,
corning,
Boston Scientific,
Abbott Labs,
St. Jude,
Caterpillar,
CVPH Medical Center,
Lightyear
Hawker Beechcraft
Energizer
The list will grow because of Obama's anti business Politics do not help expand the economy and revenues. So incomes cant grow and jobs shrink. GDP is clearly sputtering and we are heading backwards not Forwards. I voted for Mitt Romney because the only way to save america is to reign in spending and GROW GDP so that revenues inheritly expand. There is no better program in this country than a Job , but that appears to be the only Program this administration wants to eliminate.
Be careful what you wish for folks......You might have just cut this nations throat. It will be a long 4 years because when business in mass start withdrawing from the economy . The ship can only sink . We cant tax and spend are way out of this one . We are already to far behind the 8 ball and are credit rating will be lowered again . I truly hope President Obama will Pivot to embrace Capitalism , but I just dont think he gets it . I know his supporters dont get it . Thats bad news for us all.
God bless the United States of America ....we're going to need that more than ever!
Wasn't Todd Akin in favor of repealing the minimum wage?
Reality is business doesnt want to lose good people and provide benefits if they can reach a level of success to afford them . But if they cant avoid all the taxes and penalties they have to make a FINANCIAL decision . It isnt a about punishing the people in the business ...its about tying to stay a float in a shit economy . 2nd Obama says it clearly. Increase taxes on top of the obama care penalt to anyone individual at 200k a year or couple at 250k a year, A lot of people run businesses our in that very BOAT. The money that could help them grow the economy now goes to the government? Are u really this uninformed. I seriously doubt you ever ran even a lemonade stand. In a down Economy Obama has doubled down on punishing the only people who can save the economy. It will not work cause it lacks the incentive to grow and moves business into survival mode. You really lack common sense in this area. I mean seriously. Get a clue!
If providing health insurance is such a burden on business, perhaps we should do away with it entirely. I'm willing to go on as I am, if you're willing to give up your health coverage. Think of the money you'd be saving your boss and the consumer!
http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/ ObamaCare was poorly thought out legislation as this was going to happen The Obama administration had written tons of temporary waivers. Because Companies flat out told the administration the response would not be favorable for employment. Democrats in there haste forget to look at the consequences of there action . It kills jobs , benefits and expands entitlements in a irresponsible way. resources are limited but it seems that the expensive entitlements are unlimited. This story doesnt end well for anyone .
Congress is still controlled by the Republicans. No far left laws will be passed, trust me. As for the Affordable Health Care Act, its the law of the land now. We'll see what impact it has on the economy very soon...
Perhaps Patch can implement a "first come, first served" based name allocation system, similar to to those utilized in many email systems? Once a name is "taken," i.e., Randy 1949, no one else can claim it. Problem solved.
No Randy, it gave ALL of us a higher standard of living. Even out poor have better lives than those in the rest of the world. Remember B.O.'s brother in Kenya? He makes something like $10/month and lives in a shack. It is better to be poor here than middle class in many other countries.
How about "factitious fabulist?" LOL
@Luke -- -___-
I also congratulate skinnyDUDE for the thoughtfully written article. Each company shared has its own story to tell. In addition to Americans losing spendable income due to the recession, there are also issues of lost market share, research failures, product irrelevancies, etc., it's a long list, that are contributing to the dire situation. Mechanization vs. quality of life has been at issue/odds since the Industrial Revolution. Companies are geared toward cutting costs and driving up profits, but we've reached a point where the profits are impacted because of the cost cutting (wages, good-paying jobs). The executives of these industries are going to have to figure this out, if it's not too late already. Here's a blog site that I visit to keep track of layoffs. It provides links to the source articles which is very helpful: http://www.dailyjobcuts.com/
As for 'pulchritudinous' prevaricator -- O_O That comes as quite a surprise to someone who knows the definition of 'pulchritudinous'.
Bren: Making the Olympics work is a sign of a successful problem solver. Buying a business that is going in the tank and on the verge of bankruptcy is not exactly 'vulture' capitalism. Romney is crtisized for outsourcing jobs. Don't you think he may know what could keep jobs here also? I am sure Obama hasn't a clue as he has done nothing to save any jobs other than create Government jobs. Now the real test will be if Romney steps up and helps the Country desptite his loss. Will Obama accept the help?
Than why would Obama lie to the american people and say he reduced them .? . You need a system that works. Business signaled long ago the adverse effects of ObamaCare. The Obama administration gave out tons of waivers because of it. This was not a surprise. This was the known reality to a President the demonized business, is anti energy, and is over bearing on regulation . The result is a sputtering economy going backwards after he blew a Trillion dollars on Nonsense and political paybacks. Business merely is pulling back because they have been forced into survival mode instead of growth mode. A lot of them waited because Romney was pro Capitalism and growth and energy. Now that road is closed ......so will a lot of business be closed. Seriously,if you are surprised you have had your head in the sand.
A dead economy with 4 straight years trillion dollar deficits under Obama is not where we want to be. The fiscal cliff is near and expanding government and shrinking the economy is bad news for the USA . The sun will shine .......and we will see in the light of day a declining and weakening future. Thats not the America I grew up in. But for future generations the future is not sunk but it certainly has a few more nails in the coffin unless Obama becomes a Capitalist. That is not going to happen . He is more worried about his golf score than the american people.
No, business owners are just smarter than you give them credit for. The Real Randy1949 wrote: "... Do we want to head back to the system that most of us left Europe to avoid?..." You, B.O., and the other Liberals have all been pushing the Socialist system MANY Americans came over to avoid.
It was either Bob M. or Jay S. that rightly mentioned that the average person has yet to understand what the affect of ObamaCare will be. Only the largest businesses understood a year ago, and the smaller ones understood only recently, if at all. As planned by the Administration, it was $5,000 more than anyone understood. The cost will grow and grow as business take the only way out in order to be competitive.
Can we at least agree that from this point in time, Barack Obama owns this economy, that he can no longer blame Bush43 for things that go wrong?