And so it begins....

Started by republicans2, November 08, 2012, 07:35:06 PM

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republicans2

Companies were apparently waiting to see how the election transpired before deciding how best to go forward.  Many companies announced layoffs.  With the new health care law and taxes will seem to cause the loss of jobs for many.  There was a rumor that Boeing had decided to have layoffs but Obama asked to wait until after the election to announce them.  And announce them they did.  This may just be the start as well as many companies taking operations to other countries with friendlier taxes and labor costs.

http://www.freerepublic.com/focus/f-bloggers/2957013/posts

Yawn

The stock market started climbing on election day in anticipation of a Romney win.

After the election it plummeted 300 points.

QuoteRestaurant chains like Red Lobster and Olive Garden announced plans to only hire part-time workers for less than 30 hours a week. A solar glass company in Las Vegas employing 114 announced it was letting 22 people go.

republicans2

Today started up but the S&P fell over 1%.  That's 50 points in 2 days. 

Yawn

The new work week for low skilled workers.  If you want to eat, you'll need two jobs. Good luck finding them.

Quote"It no longer makes any economic sense to expand or hire more employees" said the CEO, David Charleston "It costs less to hire two part-timers for 30 hours each than one person for 40 hours because of these new rules"

keyboarder

Quote from: Yawn on November 08, 2012, 07:42:53 PM
The new work week for low skilled workers.  If you want to eat, you'll need two jobs. Good luck finding them.

Liberal idiots will say this isn't happening and so what?  Half of 'em won't work anyway.  Why should they?  Obama is Santa Claus and he won't let them down.
They will just keep holding their hand out for the freebies and telling it to the whole world how Obama is the man.  Sickening!
.If you want to lead the orchestra, you must turn your back to the crowd      Forbes


rocca

More layoffs from: Westinghouse, Research in Motion, Boeing, US Cellular, Commerzbank, Iberia, ING, Ericsson, Bristol-Myers, corning, Boston Scientific, Abbott Labs, St. Jude, Caterpillar, CVPH Medical Center, Lightyear Hawker Beechcraft, Pepsi, Energizer Holdings, Groupon, West Ridge Mine.

http://twitchy.com/2012/11/08/layoff-bomb-detonates-large-corporations-join-small-businesses-in-announcing-mass-cuts/

"Obama is either an idiot or he's purposely trying to destroy the American economy." - Vladimir Putin, Russian Prime Minister

Reagan

Well the markets are up today...so there goes conservative conspriracy theory.
Fact are stubborn things. Heres a FACT you wont hear on faux news...the stock market literally doubled during Obama's first term. Thats right it DOUBLED!
And my 401K thanks him.
Now I'm not an idiot conservative so I realize that he or any president has very little to do with the economy and the market in general.
And if your not investing in the stock market dont blame rich liberals like my :laugh:

kramarat

Quote from: Reagan on November 09, 2012, 11:34:58 AM
Well the markets are up today...so there goes conservative conspriracy theory.
Fact are stubborn things. Heres a FACT you wont hear on faux news...the stock market literally doubled during Obama's first term. Thats right it DOUBLED!
And my 401K thanks him.
Now I'm not an idiot conservative so I realize that he or any president has very little to do with the economy and the market in general.
And if your not investing in the stock market dont blame rich liberals like my :laugh:

It's a little known fact. Obama has been in bed with Wall St and the big banks since day one.