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 largest layoffs between Feb. 18-22:
-United Technologies Corp. (3,000 jobs)
-The Journal Register Co. (840 jobs)
-Hollywood Park Casino (600 jobs)
-General Electric (500 jobs)
-Abbot Vascular (450 jobs)
-J.C. Penny (300 jobs)
-NewPage Corp. (300 jobs)
-Libbey Inc. (200 jobs)
-School District of Anchorage, AL (200 jobs)
-DynCorp (150 jobs)
Check back next week for another installment of the economic news the mainstream media will not tell you.
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