Obamanomics grinds grimly onward, as CNBC brings word that on the day after the election, “Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California, and consolidate several business units to cut costs.” It was sweet of them to keep that under wraps until after the election, wasn’t it?
And that’s not even the dreaded “sequestration” layoffs, which Obama broke the law to convince defense contractors to keep under wraps until after the election. Those are yet to come.
Continuing on . . .
Another round of layoffs announced on Wednesday came from Hawker Beechcraft, which announced it would close facilities in Arkansas, Arizona, and Texas, resulting in 400 jobs lost, while another 170 jobs would be cut from corporate offices in Kansas and Arkansas.
Also on the day after the election, the CEO of the Papa John’s pizza restaurant chain, John Schnatter, told a small community college audience in Florida that ObamaCare would likely result in cuts to employee hours by franchise owners seeking to escape the law’s mandates by eliminating full-time positions, a move he described as “common sense” and “lose-lose.”
Quite a diverse group.
Wall Street executives are “in mourning” after Obama’s re-election, because “they know that Wall Street is going to lay off a lot more people.” About 10,000 of them by the end of the year, in fact, if the New York state comptroller’s estimate is accurate. It’s not a big deal though, because those people are evil.
And some of them might even be among the wealthy. My guess would be most of those are middle class and low wage earners . . . those that typically vote Democrat.
What goes around comes around.
FreedomWorks has an extensive list of even more post-election layoffs resulting directly from Obama policies. Among the bigger names: Welch-Allyn, Dana Holding Corporation, Stryker, Boston Scientific, and Medtronic. The confirmed post-election jobs death toll from this list stands at 5,263 jobs, but much more are on the way
Who didn't see this coming?
Mostly folks that get their news from Twitter, Facebook, People magazine and The View.
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