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 layoffs between Feb. 11-16:
-Barclays (3,700 jobs)
-Thomson Reuters (2,500 jobs)
-ING Group (2,400 jobs)
-Pioneer Corp. (800 jobs)
-Westinghouse Electric Co. (665 jobs)
-National Beef Packing Co. (433 jobs)
-Hudson City Savings Bank (384 jobs)
-Homeward Residential Inc. (325 jobs)
-Idaho National Labratory (300-450 jobs)
-Awrey Bakeries (200 jobs)
Check back next week for another installment of the economic news the mainstream media will not tell you.
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