Economic Collapse, Election 2012, Government revenues, Government spending, Government War on Individual Constitutional Rights, Govt Intervention, Govt Regulation, Healthcare Reform, Lay offs, obama, Obama doctrine, Obamacare, UNEMPLOYMENT
Last night’s victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.
It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.
Who will pay? The middle-class workforce, of course.
So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let’s examine the very real jobs that will be lost, and the very real lives that will be affected.
Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.
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….
ELECTIONS HAVE CONSEQUENCES!
How stupid are we as a nation? H/t Grumpy Opinions. Obamacare is a massive redistribution of wealth that will enrich Obama and clan, while increase the unemployment in this country by at least 700,000. How is that good for our country? How is it good for the people?
Because of the ignorance and greed of 50% of this nation, the whole country will now suffer. Brace yourself America, darker days are ahead.
In the meantime, below are just a few of the companies laying off. Merry Christmas America.
Additional layoffs as posted by Wake Up America, are TE Connectivity who will be closing their Greensboro, NC, plant, Groupon Nextel, U.S. Cellular, MN Dairy Plant,
Vestas and HarperCollins to name a few.
For an update, check out Wake Up America who has been updating their listing of corporation laying off.
On the bright side, while 700,000 hard-working Americans (more or less) lose their livelihoods, Big Bird gets to keep his (sarcasm).