Within hours of President Obama's re-election, companies both large and small across the country began announcing major layoffs, along with store and plant closings.
All of the new taxes associated with Obamacare are forcing business owners to make a decision to either keep their workforce at current levels and surrender a third of their gross profits to the federal government, or reduce the number of full-time employees and stay in business.
Unfortunately, massive layoffs have become a weekly occurrence as companies begin to cope with the harsh realities of a second Obama term.
Despite the false, cheery rhetoric coming from both the Obama administration and their surrogates in the mainstream press, the labor pool is smaller today than it was 30 years ago and continues to shrink.
The following is a list of the companies that have announced the ten largest layoffs between Aug. 12-16:
-Cisco Systems (4,000 jobs)
-Micron Technology, Inc. (1,500 jobs)
-H.J. Heinz Co. (600 jobs)
-Hewlett-Packard (500 jobs)
-Career Education Corp. (480 jobs)
-Pratt & Whitney (400 jobs)
-Maine Medical Center (225 jobs)
-Blount International, Inc. (200 jobs)
-King's Daughters Health Systems (148 jobs)
-CSC Worldwide (94 jobs)
Check back next week for another installment of the economic news the mainstream media will not tell you.