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Economy: Post-Election Firings and Layoffs Surge
Market Daily News ^ | November 10, 2012 | Michael Snyder

Posted on 11/10/2012 1:41:38 PM PST by 2ndDivisionVet

The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America. A large number of businesses seem to have suddenly shifted into panic mode. The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking. So why is this happening? Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes. If you have never tried to run a small business, then you have no idea how oppressive this system actually is for people that are trying to run small businesses successfully. It has steadily gotten worse over the years no matter who has been in the White House and no matter who has controlled Congress. So we shouldn’t put 100% of the blame on Obama. Bush massively expanded government and made things harder on small business people too. But what many small business people were looking for on this election day was just a little bit of help. Many were desperately holding out hope that Obamacare would be repealed so that they would not have to get rid of some of their employees. Many were hoping to get a little bit of relief from the crippling regulations and taxes that are absolutely crushing them. But now that Barack Obama has been given another four years, they understand that there is no hope on the horizon and that things are only going to get worse. So they are making the hard decisions that they feel are necessary in order to survive in this economic environment.

And I certainly don’t blame them. You only want to have employees if you can make a profit on them. And in this environment it is getting harder than ever to make a profit on an employee. You see, the truth is that what you cost your employer goes far beyond your salary or your hourly wage. I think many of you would be absolutely shocked if you learned how much it actually costs your employer to employ you. And now thanks to Obamacare, that cost is going to go up even more.

Many businesses are not even feasible at all in this economic environment. Many small businesses had been holding out hope that somehow this election might turn things around and make it possible for them to keep going, but when Obama won it was kind of like the straw that broke the camel’s back.

You can’t do what the federal government and the state governments are doing to us and expect to have a thriving economy. They are choking the life out of us.

New businesses and small businesses are supposed to be at the heart of our economic system. Unfortunately, the environment that has been created is absolutely killing them. This is a recipe for disaster.

In a previous article, I noted that the number of jobs created at new businesses in 2010 in the United States wasless than half of what it was back in the year 2000.

Now we can expect that number to get even worse and we can expect large numbers of small businesses to shrink in size or close their doors completely.

The following is a list of some of the post-election firings and layoffs that we have seen since Tuesday night…

#1 Utah

"A Utah coal company owned by a vocal critic of President Barack Obama has laid off 102 miners.

The layoffs at the West Ridge Mine are effective immediately, according to UtahAmerican Energy Inc., a subsidiary of Murray Energy Corp. They were announced in a short statement made public Thursday, two days after Obama won re-election.

The layoffs are necessary because of the president’s “war on coal,” the statement said. The slogan is one used frequently during the election by Murray Energy CEO Robert Murray, who was an ardent supporter of Republican presidential candidate Mitt Romney.

In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal."

#2 Ohio

"I work for the oldest and largest health insurer in the state of Ohio in the underwriting department. At 9 a.m.this morning, my department (about 50) were called into a meeting in the executive boardroom. We were informed that due to a provision in the healthcare ‘reform’ effective 2014 called guarantee issue, our services would no longer be needed, and we were offered severance So Obama got to keep his job, and we lost ours. It is maddening that some tyrant 400 miles away can have such a ruinous effect on peoples lives."

#3 Nevada

"A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

Here’s an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation:

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees."

#4 Posted below is a list of layoff headlines from the past few days that was posted on AmericanThinker.com…

Obama was “fired up” and so were the voters, and so now, the mass firings begin. Here’s a collection of today’s headlines. Please say a prayer for the families who will be suffering. Had Romney won, many of these companies would now be hiring.

Teco Coal officials announce layoffs

Momentive Inc plans temporary layoffs for 150

Wilkes-Barre officials to announce mandatory layoffs

600 layoffs at Groupon

More layoffs announced at Aniston Weapons Incinerator

Murray Energy confirms 150 layoffs at 3 subsidiaries

130 laid off in Minnesota dairy plant closure

Stanford brake plant to lay off 75

Turbocare, Oce to lay off more than 220 workers

ATI plans to lay off 172 workers in North Richland Hills

SpaceX claims its first victims as Rocketdyne lays off 100

Providence Journal lays off 23 full-time employees

CVPH lays off 17

New Energy lays off 40 employees

102 Utah miners laid off because of ‘war on coal’, company says

US Cellular drops Chicago, cuts 640 jobs

Career Education to cut 900 jobs, close 23 campuses

Vestas to cut 3,000 more jobs

First Energy to cut 400 jobs by 2016

Mine owner blames Obama for layoffs (54 fired last night)

Canceled program costs 115 jobs at Ohio air base

AMD trims Austin workforce – 400 jobs slashed

100 workers lose jobs as Caterpillar closes plant in Minnesota

Exide to lay off 150 workers

TE Connectivity to close Guilford plant, lay off 620

More Layoffs for Major Wind Company (3,000 jobs cut)

Cigna to lay off 1,300 workers worldwide

Ameridose to lay off hundreds of workers

#5 According to the Blaze, the following major corporations have all announced layoffs in just the past two days…

Energizer

Exide Technologies

Westinghouse

Research in Motion Limited

Lightyear Network Solutions

Providence Journal

Hawker Beechcraft

Boeing (30% of their management staff)

CVPH Medical Center

US Cellular

Momentive Performance Materials

Rocketdyne

Brake Parts

Vestas Wind Systems

Husqvarna

Center for Hospice New York

Bristol-Meyers

OCE North America

Darden Restaurants

West Ridge Mine

United Blood Services Gulf

You can get the rest of the details right here.

#6 The following is a list of companies that will be laying off workers just because of Obamacare that was compiled by FreedomWorks…

Dana Holding Corp.

As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing “$24 million over the next six years in additional U.S. health care expenses”. After laying off several white collar staffers,company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.

Stryker

One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.

Boston Scientific

In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could “lead to significant job losses” for his company. Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas – to China.

Medtronic

In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.

Others

A short list of other companies facing future layoffs at the hands of Obamacare: •Smith & Nephew – 770 layoffs •Abbott Labs – 700 layoffs •Covidien – 595 layoffs •Kinetic Concepts – 427 layoffs •St. Jude Medical – 300 layoffs •Hill Rom – 200 layoffs

A lot of other businesses are going to reduce the number of employees they have or reduce the average work week in order to avoid the Obamacare insurance coverage mandate that will soon be implemented.

This is how CNSNews.com describes the choice that many employers will be facing…

That section, known as the employer mandate, requires any business with 50 or more full-time employees to provide at least the minimum level of government-defined health coverage to those employees. In other words, a business must provide insurance if it has 50 or more employees working an average of just 30 hours per week, which is 10 hours per week fewer than the traditional 40-hour work week.

Thus, by cutting employees’ hours to ensure they average less than the 30 per week, employers could potentially avoid the cost of providing the minimum insurance levels mandated by Obamacare.

So if your company trims the number of workers to just under 50 or starts going to “29 hour work weeks”, then you will know who to blame.

All of this is complete and utter insanity. We are committing national economic suicide.

But perhaps we deserve this. After all, Americans willingly chose their leaders on election day. It is getting harder and harder to deny that our politicians are truly a reflection of who we are as a nation.

The American people chose this path, and now we get to see where it leads us.


TOPICS: Business/Economy; Culture/Society; Front Page News; Government
KEYWORDS: 2012; 2012election; bhoeconomy; bholayoffs; democrats; economy; fubo; fudemocrats; fuobamavoters; layoffs; obama; obamanomics; obamasized; obamasizing; ownit; socialism; unemployment
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To: doug from upland

Was most major reason Obama one.
He’s giving free stuff we aren’t .
People want free stuff.

Ever heard of a political fundraiser with BYOB?


21 posted on 11/10/2012 2:37:27 PM PST by Morris70
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To: sean327

I’m interested in how this works out with boing cuts.
Obamas going to offer republicans something they can’t refuse , my guess.


22 posted on 11/10/2012 2:39:17 PM PST by Morris70
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To: ScottinVA; SeaDragon; TheGrimReaper
Suck it up, Amerika.
You were given a choice and, despite numerous warnings, chose socialism. Have an Obamaphone, a joint and an EBT card and all the free contraceptions and abortions your lifestyle chooses.
It`s a brave new world. Get used to it.
And remember... you wanted this.

I think you forgot one.

I was having lunch today with a friend and we wondered if most of this came from the under 30 crowd who have damned us with Carter 2.0, because they have no freaking idea of what the President is supposed to do? Some of these younger people think the president is an American Idol contest, not a serious and to be taken seriously role, fundamental in our successes, freedom and security.

A saving grace for us (my friend and I), is that we live in Texas. we're going to "shelter in place" and start expanding our preps.

23 posted on 11/10/2012 2:39:28 PM PST by RikaStrom ("To learn who rules over you, simply find out who you are not allowed to criticize." ~Voltaire)
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To: ScottinVA

does anyone know how to survive socialism? any ideas would be appreciated.


24 posted on 11/10/2012 2:41:34 PM PST by ncpatriot
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To: drumr337

Look at the announcements coming from these various enterprises in another way. Had Romney prevailed in the electoral college vote, you would have seen THOUSANDS of small businesses ramping up, and the economic rebound would have started to gather momentum even before swearing-in.

As it is, the downward spiral has already begun, and shall only accelerate with the swearing-in to a second term for Bronco Bama.

Canada beckons.

Even Greece is starting to look kind of not so bad. And they are a basket case.

Why do people vote against nickel beer? Could it be they just can’t stand prosperity?


25 posted on 11/10/2012 2:43:21 PM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: econjack

After the fall, when we re-do the Constitution, can we make it so that only those who pay property taxes and those in the military or have a DD 214, can vote?


26 posted on 11/10/2012 2:46:00 PM PST by jch10 (BO went to bed and let Americans die.)
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To: drumr337

There were FAR too many incidents of 0bama being protected for his re-election. Lockheed disgusts me. They sold out to 0bama’s veiled threat; No future contracts. Bastards at Lockheed stuck themselves with four more years of watching China kick our ass.


27 posted on 11/10/2012 2:46:32 PM PST by GeorgeWashingtonsGhost
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To: 2ndDivisionVet
DON'T FORGET!

BUSINESSES THAT HAVE CLOSED SINCE DAY AFTER ELECTION:

November 10 , 2012

Williamson Bicycle Works Closing at 640 W. Washington Ave Store, Wisconsin

Bakers Footwear Group Begins Liquidating 150 Stores Across the Country

-All Pool Products Plant in McKenzie Tenn.

Christensen’s Furniture, Charlotte, Michigan

Mountain West Research closed its call center in Idaho Falls

Blockbuster Video Store at 545 N.Telegraph Rd. in Monroe, Michigan

Fishbones General Store in Mount Vernon, NH?

Bartikowsky Jewelers in Wilkes-Barre, PA

The Red Oak Comfort Food and Pie Co in Bloomington, Illinois

House of Shalimar in Ithaca NY

Update: Target Store in Hickory Hollow Area Tenn.

Mike-sell's Snack Food Co. is closing three Ohio distribution facilities - < 40 Jobs Lost

Richboro's Patagonia Bar and Grill PA

The Party Warehouse closing 2 Stores Albany, New York

Holland Jewelers located near SouthPark Mall in Moline, Illinois

-------------------------------------------------------------------------------- November 9 , 2012

The Pizza Inn restaurant on Hughes Boulevard in Elizabeth City, NC

Waltz Pharmacy in Waldoboro ,Maine

Zac's Place in Hinsdale, IL

Lone Star Steakhouse at 70th and O streets and Ruby Tuesday at 56th Street in Lincoln, NE

Career Education Corp - Closing 23 Campuses - 900 Jobs Lost, Chicago, Illinois

Handy Hardware to close its 2-year-old Meridian, Miss. warehouse

Shamrock Bar at Payne City's Rose Avenue. in GA?

-------------------------------------------------------------------------------- November 8 , 2012

Caterpillar Inc. will close its plant in Owatonna Minn.

Mount Pleasant’s Albrecht Sentry Foods, Milwaukee , Wisconsin

The Target store at Manassas Mall, Va.

Millennium Academy in Wake Forest, NC

Target Closing Kissimmee, FL Location

Calgary's iconic Rideau Music store ( International )

The Andover Gift Shop in Andover, MA

Grand Union Family Markets Closing Storrs Location ,CT

Movie Scene Milford Location, NH

Update: TE Connectivity Closing Greensboro Plant , North Carolina - 620 Layoffs Expected

Gomer’s Fried Chicken in South Kansas City, MO

Kmart in Homer Glen, Illinois

-------------------------------------------------------------------------------- November 7 , 2012

Fresh Market on Pine Street in Burlington, VT.

AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport ,Tenn.

The Target store at Platte and Academy in Colorado Springs, Colorado

Island Colors - A Carolina Beach Clothing Store,Carolina Beach, NC.

The Roses store on Reynold Road in Winston-Salem ,NC

Meanders Kitchen West Seattle location at 6032 California Ave: White Center Location Still Open

Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN

Townsend Booksellers in Oakland,, CA.

The Kmart store in Parkway Plaza off University Drive in Durham NC - 79 Jobs Lost

28 posted on 11/10/2012 3:06:23 PM PST by classified
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To: 2ndDivisionVet
After the second great depression, no Democrat will be elected president for several generations.

Don't be so sure of that. There are a ton of scum bags who will vote for the Rats every time. Certain "groups" are voting in much greater numbers than they ever have, so the Rat machine could be here for years to come.

29 posted on 11/10/2012 3:23:36 PM PST by Mark17 (California, where English is a foreign language)
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To: ncpatriot

Survive socialism? In the old soviet union, if you saw a line you got in it. It didn’t matter what the line was for, you just got some before it was all gone. I’m sure it will be the same here before too long.


30 posted on 11/10/2012 3:28:53 PM PST by Twotone (Marte Et Clypeo)
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To: 2ndDivisionVet

The only way any backlash will happen against Obama is when the economy gets so bad the Alphabet Networks start firing big name News Readers. Until then Obama has all the cover he needs to enact anything he wishes.


31 posted on 11/10/2012 3:31:21 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: 2ndDivisionVet
Silver lining: After the second great depression, no Democrat will be elected president for several generations.

Unless the economic collapse leads to chaos and widespread violent civil unrest. The frightened sheeple will beg 0bama to save them and he responds by declaring martial law, suspending the Constitution, and pronouncing himself El Presidente-for-Life.

32 posted on 11/10/2012 3:32:47 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Mark17

There will be no “machine” without money to spend. This next depression might make 1929-1941 look like 2004.


33 posted on 11/10/2012 3:33:48 PM PST by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

good web site

http://www.dailyjobcuts.com


34 posted on 11/10/2012 3:34:58 PM PST by CharlotteVRWC
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To: CodeToad

I posted this on another story but believe it bears repeating. Last week in the Atlanta airport I heard two men (strangers) discussing the election. One was saying that he owned a business and employed 18 people and has already told them that as of March they would all be fired and become “1099s”. He said his business just didn’t have any margin for higher expenses (I assumed he was talking about healthcare). The other man said “this is the most important election in at least 50 years”. I imagine there will be many, many similar situations.


35 posted on 11/10/2012 3:35:07 PM PST by ilovesarah2012
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To: SVTCobra03; Mark17

What Good Can a Handgun Do Against An Army?
http://www.freerepublic.com/focus/f-backroom/2312894/posts


36 posted on 11/10/2012 3:35:24 PM PST by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: Mark17

And where will they get the money to support them all?


37 posted on 11/10/2012 3:40:40 PM PST by ilovesarah2012
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To: 2ndDivisionVet
This isn't a depression/recession; it's a RECOVERY! You didn't get the memo. And next year'll be even greater!


38 posted on 11/10/2012 3:41:28 PM PST by carriage_hill (America - a great idea while it lasted... it's over.)
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To: 2ndDivisionVet

I went to a gun show today and a representative from Cheaper Than Dirt told us that they sold one million rounds of ammo last Wednesday.


39 posted on 11/10/2012 3:44:50 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: 2ndDivisionVet

This is just the beginning.

Meanwhile, those who refused to vote for “love of country”, continue to wave their flag as they shamefully try to make excuses. -spit-


40 posted on 11/10/2012 4:09:40 PM PST by Gator113 (I would have voted for NEWT, now it's Romney & Ryan.~Just livin' life, my way~)
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