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 Mar. 4-9:
Hewlett-Packard Co. (15,000 jobs)
J.C. Penney's (1,500 jobs)
Motorola Mobility (1,200 jobs)
Chase Home Mortgage (550 jobs)
Serco Group Inc. (480 jobs)
Hemlock Semiconductor Corp. (400 jobs)
FreightCar America Inc. (254 jobs)
Umatilla Chemical Agent Disposal Facility (117 jobs)
General Motors (104 jobs)
T-Mobile (100+ jobs)
Check back next week for another installment of the economic news the mainstream media will not tell you.
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