Posted on 11/12/2012 4:51:27 PM PST by Red Steel
After an election campaign that featured jobs as a central issue, some of the nation’s businesses have responded to President Obama’s victory with a series of layoff announcements related to a variety of factors including the New Year’s “fiscal cliff.”
A number of companies had hoped the election of Republican Mitt Romney would raise the chances of avoiding the cliff’s $1 trillion in federal spending cuts, half of them defense-related, plus higher taxes from the expiration of the George W. Bush-era tax cuts. Other factors in the spate of layoff notices included costs related to Mr. Obama’s health care plan and environmental regulations.
The Boeing Co., Groupon Inc., Applebee's International Inc., Papa John's Inc. and Murray Energy Corp. are among those that have announced layoffs or other job cuts in the days since Mr. Obama was re-elected.
Defense giant Boeing, which stands to be one of the biggest losers if $500 billion in automatic defense cuts proceed as scheduled, announced the day after the election that it was cutting 30 percent of its management positions. The aerospace company already has cut costs by $2.2 billion since 2010 and plans to cut another $1.6 billion by 2015.
“We are at one of the most challenging yet opportunity-rich times in our history,” Boeing Defense, Space & Security President and CEO Dennis Muilenburg said in a statement that cited how “funding for the U.S. Department of Defense is under extreme pressure.”
(Excerpt) Read more at washingtontimes.com ...
Trickle down voodoo Obamanomics.
(Oops. That sounds racist, but wasn’t meant to be.)
Elections have consequences. The fundamentals we used to operate by are gone, there’s a new paradigm rising. You’re not going to like it if you consider economic freedom, individual liberty, and rule of law important for commerce.
The world...the U.S. included are going into hard financial times....and the Islamic world wants us gone. WE are the last to fight them. Is Europe going to? Nope. Is Britain going to? Nope. Is any country but us going to? Nope.
Not in the "free" world. Islam won't be bombing much in the old USSR...because they will come down on them, without P.C. distracting them. So, I think would most of S.America.....And of course the Chinese.
But we have been PC'd.....to the point, I don't think we have the backbone anymore to fight back hard.
A lot of the “others” were those who voted for the LIAR in chief. Ask me if I care about them. To all the innocents, my condolences.
And it is harder for people like me to find a job. Thanks a heap to the stupid sheeple who voted for the O-Jerk. “Falling Down” is one of my favorite movies, expect a lot of people to “Fall Down” out there.
With very few exceptions, anyone that voted for the O-Hole is persona non grata to me. I even had a friend “unfriend” me after 40 years of knowing him from pre-first grade in 1972 to now since he thinks Bammy is a ghod to him.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.