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Blame me for job losses (a businessman explains why businesses don't want to hire today)
American Thinker ^ | Dec 11,2008 | C. Edmund Wright

Posted on 12/13/2008 8:50:55 AM PST by SeekAndFind

When the jobs report for November came out last week, many so-called "experts" were shocked at the massive loss of an estimated 533 thousand jobs. Even a Time /CNN organization called "The Curious Capitalists" were at a loss to explain it.

Let me attempt to help out these "curious capitalists" (though I am still skeptical that anyone working for CNN or Time is either curious or a capitalist). I caused part of this job loss and I know precisely why; the election. The results portend big trouble for small business.

The job destruction process has started. We are about 20% of the way through our ramp down process and on schedule to complete the shut down by spring 2009. Watch the financial news and you will see continued job cuts each month. We are not alone in our strategy. Far from it. Atlas has shrugged all over the country.

Like many business owners, we are no longer willing to take all of the financial and legal risks and put up with all of the aggravation of owning and running a business. Not with the prospects of even higher taxes, more regulation, more litigation and more emboldened bureaucrats on the horizon. Like others we know, we are getting out while the getting is, well, tolerable. Many who aren't getting out are scaling back.

We learned just this week that getting out of business is harder than we thought. Take Republic Windows & Doors of Chicago, where being out of money and out of paying customers apparently does not give a business the right to shut down. Nor does it give that business' bank the right to withhold credit. According to the unions, Jesse Jackson and the Governor of Illinois (yes, THAT governor), this company must continue to pay its employees salaries and benefits.

But pay them with WHAT? Liberals seem to be clueless as to where "the money" comes from. They love to tax, regulate and redistribute wealth -- all the while decrying the very profit motive that created it -- something they do not understand. If they did, they would not naively insist that a business that is out of money, out of customers and out of credit stay open so as to pay employees.

And that is but one example of why the lay-offs of November 2008 - which will be part of George W. Bush's statistical record - fall in reality on the Obama election. Business owners understand that the election of 2008 just gave a lot more power to people who think like these liberals in Illinois. For crying out loud, an Illinois liberal is now "President elect" and he chose another one for his Chief of Staff. He chose Michigan liberals for his economic team. Illinois and Michigan are broke!

It is no secret that owners circulated endless emails leading up to election day discussing lay off plans were Obama to win. Entrepreneurs instinctively understand the danger posed by larger liberal majorities in power. The risk-reward equation and fierce independence spirit of start up businesses are anathema to the class warfare, equality of outcome and spread the wealth mentality of the left.

We have very little appetite to have our lives run by elected or un-elected officials like Barney Frank and Jamie Gorelick. We have no appetite to be taxed even more by the likes of Charlie Rangel. These clowns destroyed Fannie Mae, Freddie Mac and our entire economy as a result. Congress, by their own admission, cannot even run their own damned dining room with a captive customer base! Some of them refuse to pay their own tax burden. Why in the world would we subject ourselves to their ilk armed with the unchecked powers of the Oval Office and both houses of congress and a massive army of bureaucrats?

We got into business to be independent. We will get out for the same reason.

The fact that Obama is not in office yet is irrelevant. Businesses must see "around the corner" and plan accordingly. Rightly or wrongly, business owners see a huge anti-business shift in motion and they are making preparations NOW. We do not want to have business illiterates like Chris Dodd dictate our decisions from the comfort of his home made possible by a quid pro quo Countrywide mortgage.

(As the owners of Republic Windows are finding out, government will nose their way into your business even if you are not thriving.)

Most of the kind of people who start and run businesses are by definition trying to opt out of depending on anyone else -- be it a large corporation or government -- for their welfare. We take on tremendous risks and responsibilities. We do so expecting a better than average return. Since we require nothing from government, most of us deeply resent and resist being pestered by government.

For nearly 30 years, I have been one of these business people. It was an amazing journey and literally involved blood, sweat and tears. But now I am done. This election screams that we are going to see a deterioration of the risk-reward equation and the ability to be left alone. Apparently, any appreciation of our crucial place in the economy is lost on over 50% of the voters as well as those they elected.

So, like many business owners, I will "stay home" so to speak. Others more brave than I are opting to try and stay in business by cutting way back on purchases and payroll. They have already started. They are not waiting for the little sign on Obama's lectern to be updated to the official Presidential seal. November 2008 job losses belong to "The Office of the President Elect." I know. I caused some of them, and I know why.


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: atlasshrugged; business; economy; freemarket; joblosses; layoffs; liberalism; marxism; thegreatshrug; unemployment
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Here's another reason why businesses don't hire. It's because government has interfered so much that when they are in trouble, they can't even file for bankrupcy without government interruption.

READ THIS :

http://www.redstate.com/tags/tag/republic-windows-and-doors/

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Have you ever heard of Republic Windows And Doors? Unless you live on the North Side of Chicago, you probably haven’t. But they’re at the heart of what is becoming a textbook case in government overreach and willingness to interfere in private business dealings. And no less than the Man of Destiny himself, Barack Obama, has waded into this swamp, with both feet.

Republic is a family-owned business that has been operating since 1965, and had 700 employees as recently as two years ago. On Friday, they closed their doors forever.

Republic is a small-business victim of the “credit crunch” I’ve been telling you about here for sixteen months now. Their business of making new and replacement windows fell off sharply, along with the collapse of the residential construction industry. This is a sad story, which sadly will be repeated many, many times across America in the months and years ahead.

Republic did their banking with Bank of America, which pulled a line of credit from the company late last week, forcing them to close down. That’s what happens in a credit crunch. Now there isn’t enough public information to give you a full picture on the negotiations and other dealings that led to this point, and the company’s website has vanished behind a firewall.

The bottom line is that Republic’s business has largely evaporated. That’s not their fault, nor is it BoA’s fault, but it does mean that it makes no sense whatsoever for the company to continue drawing on credit lines, and it means that it makes no sense for BoA or anyone else to continue extending the credit. You simply do not lend money when it’s not likely you’ll be repaid. If you were a shareholder of BoA, that’s the very last thing you’d want them to do. Banking isn’t charity.

When you’re forced to shut down a business in a hurry, you make life hell for your employees. And Republic find themselves in the evil position of having to dismiss 300 employees, right before the holidays.

Except that 260 of these employees are represented by the United Electrical, Radio and Machine Workers. Now looking back over the recent history of this company, which has included several recapitalizations and management changes, you have to figure that they had a lot of trouble matching costs to the realities of their business. This is more or less the natural state of affairs when you have a union, as the Big Three automakers could tell you.

Would this company still be in business if their workers weren’t organized? Good question, although their management don’t seem to have been prizewinners either. But leave that to the side.

What the union is doing now, is literally occupying Republic’s production facilities and refusing to allow themselves to be locked out. In effect, the company can’t shut down because their workers won’t let them.

The union is demanding 60 days’ severance and vacation pay for all the affected members of the union. They’re citing a Federal law that requires companies to give 60 days’ notice before closing a plant. But the law contains exceptions for unforseen circumstances, and I’m sure all of this will get thoroughly aired in the months of ugly legal proceedings to come.

Now, at long last, we come to the nut of the story, and why I’ve recited it all to you here.

The union has decided that Bank of America is to blame for the fact that Republic Windows And Doors is going out of business. Accordingly, they’re demanding that BoA lend enough money to Republic to pay out the 60 days’ severance and vacation pay to the unionized labor.

When I first heard this story a few days ago, I thought what you’re thinking now: boy, this is stupid. The bank isn’t liable for a business failure, and they can’t flush their own money down a rathole, for a large number of very good reasons.

But that wasn’t the end of the story. Illinois governor Rod Blagojevich said that his State does business with Bank of America that’s worth hundreds of millions of dollars in fees and commissions. And that the State of Illinois would pull their business from Bank of America unless they funded the union’s demands.

This is also incredibly stupid. You don’t poke your nose into the dealings of private businesses if no laws were broken. And Blagojevich knows that.

And then it got even more stupid yet. Barack Obama, no less, was asked about the situation in a press conference on Sunday. And he expressed support for the workers. He was quoted in various wire stories to the effect that his plans and programs would need to “get money out the door” and help ordinary people.

Fair enough, Mr. Obama. And I know as well as anyone that the ongoing efforts to stabilize the financial system have been mysteriously unsuccessful at getting banks to start lending again. (Well, it’s mysterious to some people, maybe. Not to anyone who’s ever seen the inside of a bank.)

But the President-elect of the United States has implicitly given his support to an attempt by the State of Illinois to blackmail a private corporation into modifying the way it makes business decisions.

Now this tells you one of two things about Barack Obama: either he’s incredibly unaware of the effect that his words have, now that he’s the President-elect. Or, which would be far worse, he actually believes that it’s appropriate for Illinois to strong-arm the Bank of America into flushing its depositors’ money down a toilet, in order to get an ugly but isolated situation out of the headlines.

The President-elect needs to stand up and clarify which of these two possibilities is the truth.

But still, all of this is in the realm of the stupid and un-noteworthy. I’m about to tell you why it’s not stupid at all. Instead, it’s something that should frighten the heck out of you.

The reason you need to be frightened about the behavior of a grandstanding Governor and a clueless President-elect, is to be found in the rationale being given for why Bank of America should be required to pay severance to the workers who lost their jobs.

It goes back to the TARP financial bailout plan. Bank of America is one of the companies who, on October 13, were informed by Treasury Secretary Paulson that they would be required to sell big chunks of preferred stock to the government. The point of this was to ensure that the key players in the banking system had adequate capital. (In fact, many of the biggest are now overcapitalized, far beyond historical norms.)

Bank of America was forced to take about $15 billion in new capital at that time, and had to submit to a raft of new restrictions on its business, including limits on executive pay. (According to a timeline published by Republic Windows and Doors, this was just two days before the negotiations began, that finally led to Republic’s failure.)

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READ THE REST OF THE STORY IN THE ABOVE LINK. Just as the government helped cause the mortgage crisis by COERCING banks to lend under duress, they are now doing the same for business that are in financial trouble.

Who is going to want to start a business and hire under such circumstances ?

1 posted on 12/13/2008 8:50:55 AM PST by SeekAndFind
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To: SeekAndFind
Others more brave than I are opting to try and stay in business by cutting way back on purchases and payroll.

No amount of bravery can overcome the massive bleeding that will take place under Comrade Obama.

2 posted on 12/13/2008 8:56:47 AM PST by Texas Eagle (Appreciate me now and avoid the rush.)
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To: SeekAndFind

This is a terrific post. It spells a lot of things out for us economic ignoramuses.

Thanks.


3 posted on 12/13/2008 8:56:47 AM PST by Radix (Posting cynical responses ever since...."What time is it anyhow?")
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To: SeekAndFind
Who is going to want to start a business and hire under such circumstances ?

Me.

May as well, can't find a job...

4 posted on 12/13/2008 8:57:43 AM PST by null and void (Hey 0bama? There will be a pop quiz every day for the next four years...miss a question, people die.)
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To: SeekAndFind

Employees don’t understand business either. They actually are happy that less customers walk through the door so they can collect their checks without actually working.


5 posted on 12/13/2008 8:58:36 AM PST by egannacht
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To: null and void
May as well, can't find a job...

You must have adequate capital...or you must know someone with it who will lend you the money. Lucky you.
6 posted on 12/13/2008 8:59:25 AM PST by SeekAndFind
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To: SeekAndFind

Atlas is shrugging.


7 posted on 12/13/2008 9:01:27 AM PST by Signalman
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To: SeekAndFind

I’d bet that a temp agency that hires illegal aliens who are going to be the workers in Obama’s work programs will do well...


8 posted on 12/13/2008 9:01:32 AM PST by RaceBannon (We have sown the wind, but we will reap the whirlwind. NObama. Not my president.)
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To: SeekAndFind

Long story short.

Republic became unionized, costs tripled, quality suffered, work rules made it impossible to compete.

The owners have already started a new company, making the same, but higher quality product, in a non union shop. They will do just fine.

The union(s) are 100% at fault for this failure, and don’t let anyone ever tell you different.

Politicians and unions conspire to destroy private business every day, by the same methods, and for the same reasons that the Mob collects ‘protection money’.

Pretty good indication why government is 90% union represented.


9 posted on 12/13/2008 9:01:37 AM PST by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: SeekAndFind
Hail to the King!!! King HUSSIEN that is.....

Only by the grace of GOD can we survive...

10 posted on 12/13/2008 9:03:54 AM PST by geo40xyz (BE PREPARED: Geo The Engineer says its HUSSEIN & the MSM fault for next 4 years:-))
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To: null and void

Maybe a used car biz. Who is going to want electric golf carts they will push on us?


11 posted on 12/13/2008 9:05:18 AM PST by screaminsunshine (.)
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To: SeekAndFind

I’m surprised that this business didn’t know about this law its been around for quite a while. http://www.doleta.gov/programs/factsht/warn.htm


12 posted on 12/13/2008 9:05:56 AM PST by Racer1
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To: SeekAndFind

I wish I would have wrote this..it is quite good.

I am also a small business owner, and my partners and I have already laid out a plan to adapt to the probable cost increases coming down the pipe...and it WILL involve firing some employees.


13 posted on 12/13/2008 9:07:00 AM PST by Ethrane ("semper consolar")
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To: SeekAndFind
Nope.

I'm tapped out, our first customer died.

There is a slight chance that a new product will get funding.

Our potential new customer base?

The third world.

Maybe we can make it up in volume. *sigh*

14 posted on 12/13/2008 9:07:15 AM PST by null and void (Hey 0bama? There will be a pop quiz every day for the next four years...miss a question, people die.)
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To: SeekAndFind

“Who is going to want to start a business and hire under such circumstances?”

Me. I saw my last business wiped out by 9/11. Bank made my loan paperwork disappear three days after the tower fell. I have been fighting my way back ever since working the worst job I ever had and saving up.

There is no quit in America. If you need to close one business, start another in a different way and drive on. It is either that or give up and join the parasites.

Me, I intend to fight.


15 posted on 12/13/2008 9:10:33 AM PST by IrishCatholic (No local communist or socialist party chapter? Join the Democrats, it's the same thing.)
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To: Racer1

RE:
I’m surprised that this business didn’t know about this law its been around for quite a while. http://www.doleta.gov/programs/factsht/warn.htm


IT STATES AT THE BEGINNING OF THE LAW:

“WARN offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs”


The only problem I see with this law is it is routinely being violated by employers big and small WITH LITTLE OR NO CONSEQUENCE.

What does mass layoffs mean ? How does one define “mass” ? 5%? 10% ?

If I planned to layoff 10% and did it gradually being laying off 1% this month, another 1% next and so on and so forth, does it qualify as “mass” ?

All I see are people suddenly being tapped on the shoulder and being asked to leave on the same day without the company being prosecuted at all.


16 posted on 12/13/2008 9:12:19 AM PST by SeekAndFind
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To: SeekAndFind

No one, that’s who.


17 posted on 12/13/2008 9:12:47 AM PST by rdb3 ([T]he cool regions of the head are easily trumped by the raging fires of the heart.)
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To: SeekAndFind

Take Republic Windows & Doors of Chicago, where being out of money and out of paying customers apparently does not give a business the right to shut down. Nor does it give that business’ bank the right to withhold credit. According to the unions, Jesse Jackson and the Governor of Illinois (yes, THAT governor), this company must continue to pay its employees salaries and benefits.


Sorry, I call BS.

First, let me say, I own a small consulting business. I have two full time employees (not including myself) with about eight others part time. The part timers are easy—the full timers are more tricky as you’ve got to provide them benefits and have more obligations to them. I believe the issue with the Republic Windows (RW) workers, was benefits the workers had already earned (like vacation time) and things they were owed under a contractual agreement (like severance pay). When a business (any business) hires employees, they have an obligation to do proper accounting and make sure $$ is put a way to meet their obligations.

So, when a worker acrrues vacation, the business must put $$ away to cover it. If severance pay is owed, the business must put $$ away to cover it. An account can be created for these obligations and should be funded in case things go south. RW clearly did not do this, but it should have. And you should not touch that account, especially if things are going bad.

In short, it has nothing to do with the Government. It has everything to do with the Contract you make with your employees and honoring your word. Anyone remember honor?


18 posted on 12/13/2008 9:13:59 AM PST by rbg81 (DRAIN THE SWAMP!!)
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To: IrishCatholic
I intend to fight...

So did Hank Reardon.

19 posted on 12/13/2008 9:14:38 AM PST by tcostell (MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
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To: SeekAndFind
I really can't muster too much sympathy for Republic. A contract is a contract, regardless of whether a labor union negotiated it or not. I've seen more than one casino here in Nevada work their employees for a two week pay period knowing damn well there would be no paychecks on payday, then lower the boom with a "gosh, we're real sorry now get the hell out cause we're closed forever."

As to why they went fins up--looks to me like they expanded to meet the housing boom (that's a really nice warehouse, btw), and then the immediate collapse left them with a monthly overhead nut they couldn't meet. Not exactly their fault, but there were a few signs that their market (housing) was having a few problems.

I think Neil Boortz has the right idea on how to handle employees if you're the employer--employment agencies.

20 posted on 12/13/2008 9:14:56 AM PST by randog (What the...?!)
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To: null and void
"Our potential new customer base?
The third world. "

You sell bombs?

21 posted on 12/13/2008 9:15:29 AM PST by norton
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To: rbg81

And I should also add that there are LOTS of benefits to business ownership. Its not a one way street where business just gives to the Government. Lots of businesses, especially small ones, get lots back in terms of tax breaks, credits, low interest loans, etc. Most states do a lot to encourage small business.

And, business owners make both salary and profits. Its also nice to be the one in charge. It it extra work and more responsibility—sure. But if you don’t like it, do something else.


22 posted on 12/13/2008 9:18:11 AM PST by rbg81 (DRAIN THE SWAMP!!)
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To: Ethrane
I have already laid out a plan to adapt to the probable cost increases coming down the pipe...and it WILL involve firing some employees.

Now would be a good time to observe who has 0bama stickers on their cars...

23 posted on 12/13/2008 9:19:30 AM PST by null and void (Hey 0bama? There will be a pop quiz every day for the next four years...miss a question, people die.)
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To: SeekAndFind

Maybe I’ll go to law school and specialize in bankruptcy law. Looks like it’s going to be a growth industry.


24 posted on 12/13/2008 9:20:31 AM PST by Slings and Arrows ("If one cannot learn from the mistakes of others, one might as well become a Democrat."--E. Friesner)
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To: norton

No. Not a bad idea, though...

;^P


25 posted on 12/13/2008 9:23:31 AM PST by null and void (Hey 0bama? There will be a pop quiz every day for the next four years...miss a question, people die.)
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To: geo40xyz
"Hail to the King!!! King HUSSIEN that is....."

Unfair to the real King Hussein (of Jordan that is). He was not a bad guy and neither is is son.

26 posted on 12/13/2008 9:30:44 AM PST by trek
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To: SeekAndFind

If antbody ever makes a “must read” ping list this thread is a great candidate for it.


27 posted on 12/13/2008 9:33:39 AM PST by Nateman (Obama, the brain drain poster boy!)
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To: null and void

Stick with the biological weapons. Doing a booming business in Zimbabwe. Let ‘em blame it on the Brits. could be bloating on the largess. Not that is bugs me. Anyone for a slay ride? :-)


28 posted on 12/13/2008 9:37:27 AM PST by bigheadfred (FREE EVAN VELA, freeevanvela.com)
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To: SeekAndFind
And that is but one example of why the lay-offs of November 2008 - which will be part of George W. Bush's statistical record - fall in reality on the Obama election.

I recall a political ad in which Ron Howard was truly insulting of us who were "afraid" of "change".

Liberals and socialists just never see that once earnings are confiscated, there is no more incentive to earn another farthing.

.

29 posted on 12/13/2008 9:38:01 AM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Ethrane

>>>I am also a small business owner, and my partners and I have already laid out a plan to adapt to the probable cost increases coming down the pipe...and it WILL involve firing some employees.<<<<

As am I. We will cut staff by at least 10% , RAISE prices ,and cut costs in every way we can to survive.


30 posted on 12/13/2008 9:42:21 AM PST by hamburglar (The result of spreading the wealth around is spreading unemployment around.)
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To: SeekAndFind

Wow...So many conspiracies here, and so little time! First check for subliminal messages: “will be part of George W. Bush’s statistical record -” check! That shows the leaning of the authors, regardless of ‘conclusions’! Now for the omitted facts: The Pension Relief Act of 2006 is not mentioned in the article as a core basis for layoffs in the 4th quarter of 2008!!! On January 1, 2009, the Pension Relief Act of 2006 takes effect! The Law’s bottom line: 90% (or thereabouts) of Pension funds MUST be funded by that date for all employees! Lotsa ways to get to 90%! just layoff ‘til the math works! All part of the 2006 Democrat Congress ‘2008 Designer Recession’ to make sure the Dems stayed in power in 2008. Ever wonder why so many Dems were saying all year long that “We’re already in a recession”...and why they all to a man ‘shut-up’ after Nov. 4?...or why it all seemed to ‘come to a head’ on Oct. 1, 2008 when the stock market took the ‘swan dive’ that became the greatest crash since the Great Depression. Like many problems in today’s economy....just look to Congress for the answer...again!


31 posted on 12/13/2008 9:43:45 AM PST by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: cindy-true-supporter; PleaDeal; satin_patriot; Sensei Ern; 2ndClassCitizen; Taco Mamma; ...

Parliament of dunces ping! An excellent analysis of the current economic meltdown....


32 posted on 12/13/2008 9:45:25 AM PST by Albion Wilde ("Praise and worship" is my alternate lifestyle.)
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To: Seaplaner
Liberals and socialists just never see that once earnings are confiscated, there is no more incentive to earn another farthing.

Their "solution" is a one-world government so there is nowhere for the "rich" to flee to avoid taxes and regulation.

That is why socialists cannot be Patriots.


33 posted on 12/13/2008 9:47:58 AM PST by cgbg ("The Second Great Depression, popularly known as 'The Obamanation'....")
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To: Clintonfatigued; blackbart.223; BossLady; freekitty; justiceseeker93; romanesq; ZULU; Old Sarge; ...

PING and share with your address book. Spread the truth.


34 posted on 12/13/2008 9:49:04 AM PST by ExTexasRedhead
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To: hamburglar
As am I. We will cut staff by at least 10% , RAISE prices ,and cut costs in every way we can to survive.

Would it help businesses like yours if the government laid out the following policies :

*Businesses would be free to write off capital purchases as quickly as they – not the feds – deem economical.

*America frightens foreign capital by taxing it at the industrial world's second-highest corporate tax rate. At 40 percent (35 federal, plus 5 percent average state and local tax), only Japan's 40.7 percent combined rate is higher. To become competitive and attract investment, this tax should be no higher than the European Union's 23.2 percent average.

*How about a five-year emergency suspension of all capital-gains taxes?" suggests Club for Growth president Pat Toomey. "No one has any capital gains! What could the Fed's cap-gains haul possibly be this year – maybe $1.50? There is nothing to lose and much to gain if it would stimulate investment and maybe even help the market establish a bottom.

*Letting anyone granted a new patent enjoy the revenues it generates for, say, five years tax-free.

*Offer "Emerald Cards" to millionaires everywhere. Without closing the Golden Door to those less fortunate, these high-end Green Cards would go instantly to any successful, law-abiding immigrant who could deposit $1 million in a U.S. bank, open a business, and hire at least five employees.

Just some ideas I got from others which I would have proposed had I been a legislator.
35 posted on 12/13/2008 9:50:01 AM PST by SeekAndFind
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To: CRBDeuce
First check for subliminal messages: “will be part of George W. Bush’s statistical record -” check! That shows the leaning of the authors, regardless of ‘conclusions’!

I respectfully disagree with your interpretation. He goes on to explain that it is really Obama's policies at fault.

Perhaps he should have used a semicolon instead of a period between these two thoughts. He is saying in so many words, "It may look like Bush's fault, and people will blame him; but it's really about Obama's socialist ideology."

36 posted on 12/13/2008 9:58:26 AM PST by Albion Wilde ("Praise and worship" is my alternate lifestyle.)
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To: SeekAndFind

All I see are people suddenly being tapped on the shoulder and being asked to leave on the same day without the company being prosecuted at all.
As well as it should be. There’s no Constitutional requirement that employers provide lifetime employment, health insurance, minimum wages or any other benefits. The only thing an employer owes an employee is what the employee agreed to work for for work performed. Smart employers will reward valued employees to keep them, and smart employees will find ways to remain valued by their employers. Nobody owes you a living. The sooner everyone accepts that and gets over it the quicker we will get through what would be a minor downturn in the economy. The more the Government tries to fix things, the worse it will become, and the longer the misery will last.


37 posted on 12/13/2008 9:59:46 AM PST by bitterohiogunclinger (America held hostage - day 38)
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To: Albion Wilde

My daughter was laid off yesterday.Everyone except 2 people got the axe.


38 posted on 12/13/2008 10:00:02 AM PST by fatima (Free Hugs Today :))
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To: xcamel

YEP. Been saying for a long time, unions are nothing but legal La Cosa Nostra.


39 posted on 12/13/2008 10:01:20 AM PST by gibsosa
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To: rbg81
"So, when a worker acrrues vacation, the business must put $$ away to cover it. If severance pay is owed, the business must put $$ away to cover it."
Hate to burst your bubble, but I have ridden 2 companies down, and was owed vacation pay, and expenses, and I was told, to quote, " Sorry pal, looks like you're f#@ked". It was it and that was that.
40 posted on 12/13/2008 10:01:42 AM PST by joe fonebone (The libtard votes in every election, regardless of the candidate.)
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To: hamburglar

Pick the ones with the “obama” stickers first...


41 posted on 12/13/2008 10:05:12 AM PST by Mamzelle (Boycott Peggy Swoonin')
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To: bitterohiogunclinger

I have to agree with you there. And this is true for the employees also. When I worked in the shop, and had to go from shop to shop to follow the work, my saying was “ Notice, yeah I’ll give notice. They will notice me wheeling my toolbox out the back door


42 posted on 12/13/2008 10:06:22 AM PST by joe fonebone (The libtard votes in every election, regardless of the candidate.)
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To: Texas Eagle

In spite of the bailout BA has no liability to the workers. The law was written to prevent sudden plant closures and move to a different location. The law is not applicable to a business failure.

The lost benefits can be claimed in the bankruptcy proceeding.

The loss of state business should be no big deal. Dealing with a crook is not a privilege.


43 posted on 12/13/2008 10:08:53 AM PST by bert (K.E. N.P. +12 . Save America......... put out lots of wafarin (it's working))
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I still see the current economic situation as only getting worse...
and I have seen no valid analysis from any reliable source
as to where the “bottom” is to this “cycle”.
It may be true that Atlas has shrugged and this is not a “cycle” at all.


44 posted on 12/13/2008 10:10:26 AM PST by Repeal The 17th
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To: SeekAndFind

Somebody send this piece to the WSJ. It’s excellent.


45 posted on 12/13/2008 10:13:18 AM PST by quesney
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To: rbg81
Lots of businesses, especially small ones, get lots back in terms of tax breaks, credits, low interest loans, etc

It is obvious you have never run a business.

You have to pay taxes before you get a "tax break" or "Credit". You have to be paying intrest before "low interest loans" are a benefit.

With all the parasites dragging your business down, it is hard to keep dragging along.

I know, all these people are standing behind you.

That is because that is where you keep your wallet.

I had a business about 20 years ago. I gave it up when the medical insurance cost increased to the amount of the employees wages.

I read Atlas Schrugged also. Now it is just my Wife and Me.

46 posted on 12/13/2008 10:14:11 AM PST by Dan(9698)
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To: SeekAndFind
What's really interesting about this story is at the end. We conservatives all knew that the Wall Street bailout was wrong, but I'm surprised to see the domino effect take place so rapidly. Bank of America is being pressured to piss money away on Republic's union employees, just because it got a bailout.

I'm certain that some of the $700 billion will be diverted towards the Detroit Big Three, it's almost like Bush is deliberately greasing the skids under the economy as a welcome mat for Zero. He's going to be up to his ass in alligators by Inauguration Day at the rate we're going.

47 posted on 12/13/2008 10:17:48 AM PST by hunter112 (We seem to be on an excrement river in a Native American watercraft without a propulsion device.)
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To: rbg81
Lots of businesses, especially small ones, get lots back in terms of tax breaks, credits, low interest loans, etc.

How amicable of you. We business owners get breaks on burdens that shouldn't be imposed in the first place.

48 posted on 12/13/2008 10:23:39 AM PST by Las Vegas Ron (Sho me da BC...mo)
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To: SeekAndFind
Republic is a small-business victim of the “credit crunch” I’ve been telling you about here for sixteen months now. Their business of making new and replacement windows fell off sharply, along with the collapse of the residential construction industry.

That was a big factor, but what doesn't get told is how property taxes also played a role. They were able to get a big tax break when they expanded operations, but when the tax break ended they had to sell the business. The new owner then sold the business to another party when the taxes went up again with the new reassessment. The last owner is now relocating the plant in IA, with non unionized workers.

49 posted on 12/13/2008 10:26:04 AM PST by wmfights (If you want change support Senateconservatives.com)
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To: SeekAndFind

Prosecuted for what?

Are you smoking dope?

You’re an anti-business troll. Go back to DU.


50 posted on 12/13/2008 10:27:13 AM PST by AlmaKing
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