Obama victory, plus 4 days: Already, the US economy is making major changes, and it seems that job creators from sea to shining sea are casting their post-election votes. Employers are now going through a rash of being forced to make layoffs, trying to build buffer zone between the solvency of their businesses and the new taxes and regulations that are on their way, come January. CBS reports on a company that attributes the upcoming job cuts directly to the outcome of this recent election:
A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.
“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”
Listening to the anonymous caller, the individual didn’t layoff the employees for political reasons. No …it was motivated based on the effort to save his business. The economy doesn’t have the luxury of being political, but it can only react to political winds. Thus, you have layoffs when a President is reelected, who is wildly hostile to economic prosperity and freedoms which result in actual private sector job creation. For instance, NBC is reporting on Boeing’s next moves:
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Coincidentally, they announced this restructuring on Wednesday …yes, that was one day after election day. What do you think they were waiting for? Exactly.
Boeing will be hit especially hard by the Obama reelection, given the fact that the US is due to fall over the fiscal cliff in 2013. Boeing is one of the largest military contractors in the country, which means that their business is going to be hacked when the sequestration cuts go into effect; cuts that are going to decimate military appropriations.
Again, businesses are not operating for political purposes …they are in it for profits and growth (obviously). They are organisms with no political views that only react to external stimuli in an effort to capitalize on future ‘weather’ events. If you doubted that Washington’s current policies are detrimental to businesses, you should’ve checked the stock market ticker the morning after Tuesday evening.
Of course, if you are truly a liberal, and abhor profits …just think of that when you get your paycheck from your evil job-creator boss, and sip your latte from the local Starbucks (which just so happens to be another business that’s in it for the profits.)