Skip to comments.Economy: Post-Election Firings and Layoffs Surge
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 shouldnt 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 Many were desperately holding out hope that Obamacare would be repealed so that they would not have to get rid of some of their employees.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 dont 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 camels back.
You cant 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
"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 presidents 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."
"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."
"A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obamas 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.
Heres an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation:
Ive 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 Im at a point where Im 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. Heres a collection of todays 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
Research in Motion Limited
Lightyear Network Solutions
Boeing (30% of their management staff)
CVPH Medical Center
Momentive Performance Materials
Vestas Wind Systems
Center for Hospice New York
OCE North America
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.
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.
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.
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.
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.
0bama didn’t save them..?
I sold my company in 1994. It was small with only about a dozen employees. The reason I sold it was because I had to fill out the same stupid paperwork as any huge corporation did and I was spending more time doing that than running the business. Also, my company sold software that was mainly sold to educational and tax-exempt companies. The state said that my sales tax figures were too low relative to sales. The result was an audit that took me and one of my clerical staff away from our jobs for 4 1/2 days. In the end, the auditor laughed and said: “Your figures are correct.” and left. That kind of crap would cease if I could charge the state my going wage rate for the time they took me away from my job. It’s ridiculous.
I am not so sure. As long as a democrat thinks they are getting their share of a zero sum game pie, they will keep voting democrat. They wilil never vote to expand the pie. Does anyone in Detroit look up and say, “We’ve been voting democrat for forty years, and Detroit looks like a burned out war zone. Do you think we should stop doing that?”
That was just a few companies already waiting to announce. Many more are no doubt organizing their layoffs as we speak.
Exactly! Growing the size of the pie makes no sense to them, nor does the saying: "A rising tide lifts all boats". Rather than giving business a break, Obozo wants to punish them. Brilliant, you arrogant dunce! I don't know about everyone else, but in 45 years of work, not one poor person ever hired me. When a lady screams: "Vote for Obama 'cuz he give me a free cell phone", I fear this Republic is toast.
True for some, but many of these layoffs are due to Obamacare.
This was coming because it was said this was going to happen if Obamacare was not overturned.
This is just the beginning.
The other day I got an e-mail the day after Obama was re-elected, it came from a small business acquaintance, it read in part:
"I've given this my best but the economy as we all knows isn't great and God only knows what'll happen from here on....
I'm selling a LOT of stuff SATURDAY the 10th at 10:00 - 12:00. There will be some great deals and they'll go fast!
I gave it my best, but unfortunately under this economy I just couldn't get it done." -Tom
If you guys were seeing what dear leader’s supporters were saying about such people, you’d probably need new teeth. I’d thought I’d seen all the stupidity I could ever see in the world, but people continue to surprise me.
On a good note, Ayn Rand is being proven right yet again in regards to the looters’ understanding of running a business.
This is exactly what Obama want to occur. AS these people fall off of the insurance rolls, they MUST go on the government provided coverage. I keep remembering the 1998 video interview with obama where he said, “I believe the government dependency groups are a viable POLITICAL constituency.” He is exponentially going to increase the number of dependents on government and thus putting the democrats in perpetual power. It is all working out exactly as he planned. If, however he goes overboard.....that is if enough of us go Galt, (and that will never, never happen) it could be reversed. Obama has created a huge monster which we (USA) will soon not be able to feed. There will be poverty, mysery, war, deprivation, pain, death in the wake of the Obama52%. How long will the rest of us make provision for them?
Suck it up, Amerika.
You were given a choice and, despite numerous warnings, chose socialism. Have an Obamaphone, a joint and an EBT card.
It`s a brave new world. Get used to it.
And remember... you wanted this.
Who needs a job when you gots free Obamaphone?
re: Silver lining: After the second great depression, no Democrat will be elected president for several generations.
= = = = = = = = = = = = = =
Respectfully disagree, my friend. More and more people are going to become dependent on government benefits to just barely survive. They are not going to give those up. We will have more and more dependent Americans, and perhaps millions more illegals who are now RAT voters. The game has been fixed for a generation.
Obama may campaign and won like FDR in his first re election, but Obama may end up like Hollande of France. Enacting policies to raise taxes resulted in an economic implosion, Even some of the French voters who voted for him started to realize that. Irony of all ironies, Obama’s approval ratings start to tank shortly after winning re election. GOP must begin PR campaign to stoke buyer’s remorse again but this time do not concentrate it on Obama only, but smear the entire Democrat party so they are in position to win in 2014 and 2016.
The game has been fixed for a generation.
Scripture says to the third and fourth generation of those who hate him.
If Jesus does not return, our great grandchildren will perhaps emerge to see a better day.
You ain’t seen nothing yet if Sequestration is allowed to happen. Boeing and Oshkosh have already announced layoffs. Lockheed Martin, Northrop Grumman, BAE Systems and many other Defense companies are going to cut jobs very quickly. It is estimated that 2.5 million people will be cut.
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?
I’m interested in how this works out with boing cuts.
Obamas going to offer republicans something they can’t refuse , my guess.
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.
does anyone know how to survive socialism? any ideas would be appreciated.
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.
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?
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?
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.
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.
Christensens 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 Pleasants 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
Gomers 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
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.
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.
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.
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.
There will be no “machine” without money to spend. This next depression might make 1929-1941 look like 2004.
good web site
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.
What Good Can a Handgun Do Against An Army?
And where will they get the money to support them all?
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.
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-
The regulations and fees finally forced me out in 2010.
Its only going to get worse now and quickly.
1099. Exactly. Many, many companies are looking at the 1099 option to keep from having to pay ObamaCare taxes. I know a number of CPAs and every last one of them has said so far that seems to be the only option outside of just closing down.
LOL FRiend. I have the “surviving socialism” pinglist. Send me a note and I’ll fix you up. FReeper Kartographer does the prepping pinglist.
ncpatriot you have been added.
rattle can silver lining: the republicans are no help
The reality is that after 32 years of work and another 17 to go, I will have nothing at the end. I will guarantee you that in the next 4 years we will see the seizure of all 401k and 403b accounts with the proceeds to go into a national fund that will pay out a defined benefit. Significantly less than what I might have otherwise had at age 67...if I live that long. If I die before the requisite age my portion will be forfeited and my family gets nothing....just like Socialist Security.
I was going to retire fat, drunk, and happy. Not anymore.
That’s the future for me.....not very pleasant.
Yes I agree that the government will make a move on our 401k & 403b plans. I don’t expect that they will just take them like they did in Argentina, but expect them to become highly taxed. There’s no way that they are going to let trillions of dollars go tax-free to us I’m sorry to say.
Ann Coulter was right.....we have to end women voting.
The decline of America started with the enactment of Amendment(s) 16, 17, & 19
Don’t laugh too hard, there are liberals who say Obama is pro-business.
But he is: too big to fail codified into law; first-to-file patent law; expansion upon expansion of copyright in the interest not of actual authors and artists, but of publishers; bailouts; loan guarantees; . . .
Pro-business isn't the same as pro-market. (Read Luigi Zingales's A Capitalism for the People -- Zignales, whom Sarah Palin quoted approvingly in America by Heart even before he wrote his own book popularizing his ideas, makes a sharp distinction between pro-market and pro-business on the basis of seeing crony capitalism in all its inglory in his native Italy.)