Obama Wins - Layoffs Starting

In the same way as the conservative party in Australia futilely tries to blame the "carbon tax" on every price rise and sundry, so too do American conservatives look for any excuse to qualify their misdeeds.

The Republican aligned rich live to dispose of their underlings upon whose backs their wealth is built. It's a pastime, a hobby, that gets them off almost as much as counting the zeros before the decimal point on their bank balances.

The thread is getting very long so I have not read every post so if someone has posted this prior...sorry.
The United States is about to have a large short lived job boom in the aftermath of hurricane Sandy. Two Hundred and fifty thousand cars need to be replaced, hundreds of homes and renovations to inside and outside. Infrastructure, roads and bridges. The impact is so huge the sawmills where I live in western Canada have already put on a third shift to fill orders coming in from this disaster. It is a sad reality that even the most desperate ugly situations have a flip side. (love to all those people affected)

reply to post by BeneathBaseStupidity


I'm sorry I'm not buying it. I haven't seen any evidence a rich republican acts any differently than a rich democrat.

Originally posted by spiritualzombie
reply to post by ararisq

 

This argument is nothing more than financial terrorism from the right. Such slime, they are.

You do know Obama won ... what do republicans have to do with this? What .. CEOs cant be registered democraps? I can bet you there are more registered democrat CEOs then Repulican...

Not saying its a fact .. but I like my odds..

I am going to start a thread that says OBAMA GET YOUR OBAMA HERE, cause all someone has to do is mention his name and all of the sporadic posters with a political opinion come out of the woodwork. My thread will have no substance and I will still get 500 reply's because lack of substance is no limitation to political commentary.

Sorry guys and gals, this post should be a thread. But, I'm not motivated to do it.

LIBERALS. BEFORE YOU ATTACK THE RICH. DID YOU KNOW THAT THE TOP 1% OF AMERICA'S WEALTHIEST ARE DEMOCRATS?

IF YOU REALLY PAY ATTENTION, THE TOP 1% DICTATE POLICIES UNFAVORABLE TO SMALL BUSINESSES.

-Thank You For Being Stupid-

reply to post by MDDoxs


Lockheed Martin started lay-offs 2 years ago. They purposely short changed themselves on their 2013 budget to remain on a majority of their contracts. They have been foreseeing the whole cut government spending thing for awhile.

I work at a hospital and lay-offs have started here, along with "Patient Care realignment".

pressrepublican.com...

With the changes coming to health care, I'm thinking of going back to the environmental field....with all the new regulations coming there I should be good job wise for the next 20 years.

reply to post by Vasa Croe

Bush will not be blamed this time around. Obama does need a scapegoat and will also need a reason for martial law if he does not want his own people to go after him. If you listen to the all the news and carefully read the threads I think you will find the scapegoat has already been determined. As I know most will not believe me I advocate finding out who it is for yourself. Even in this thread it shows.

Originally posted by votan
actually that is inaccurate. Those salaries will serve to compensate for any monetary hits that will be taken by investors and top positions. The top cannot be touched but lower tiers can be downsized and have their wages cut. You will be asked to do more with less.

The business will not suffer, the employees will. The retaliation of the so called "rich"
will be to take it out on the people. You tax them more and they will just take more from the people to compensate. they do not lose out at all just the middle guy gets screwed.

You live in a dream world. The people at the top of my company work harder and longer than anyone because its their company, and largely their investment. This comic book idea that all of the owners of small businesses are fat cats in limos, top hats, and whips beater their employees is just that. In the real world people are sacrificing their lives to build businesses and employ people and being thwarted by an "expanding government" and people that believe in fairy tale economics.

What is truly horrifically amazing is that American Companies have with gutso relocated to China in order to make greater profits ie saving on labour costs via hourly rates...pension contributions....holiday pay...sick pay ect ect.

Yet people here are blaming Obama.....the traitors are still living predominantly in New York but other states in the USA..getting zero media attention...yet they sack US workers ...relocate to China...employ mega Chinese workers.

But all the media in their corrupt malaise concentrate upon is the President incumbent.

He is not the traitor...your traitors pay the networks to obfuscate and lie every single day and night.

Originally posted by ararisq
I work for a company that has been on a hiring spree all year, adding 50+ jobs this year alone. Today, I got the call that my staff is being cut by over 75%. I have no idea how we'll be able to deliver our work next year, it just seems impossible.

I've heard some other anecdotal evidence that people are losing their jobs all across the company as businesses allocate what used to be salary to future taxes.

Well this seems a bit extreme, but we are going to see layoffs coming. We ain't seen nothing yet. remember ' 08 Big trouble brewing. Rich guys are going to hold out for the tax break. Cut jobs.

One thing you said, " I don't know how we'll be able to deliver our work next year." Remember last time how they made all the people, who still had a job, work harder to make up for the people who aren't there any more? They call that increased productivity. I think we are in for another round of increased productivity.

Hey the job creators are pissed.and besides they know it's over. Small money don't cut it any more. Got to be the big haul, or nothing. I think our job creators got lazy.don't want to work for their money any more, just want to gamble. Come on boys let's move some stuff around, get big with our plans. Give up on war. Give up on rent. Let's put together something that works. a stepping stone for humanity, some thing you could say"I was part of". Sure you may not have all those 0's to polish around your friends, But you would be working in a big way to make a real world suitably comfortable for your grandchild's child. This planet needs some changes made and there are men out there who can do it. We don't need old men with obscene wealth, coming from casino operations, financiers who can distort values and profit from the shear weight of the huge sums of capital they are able to accumulate. No we need men with backbone and vision. Show us some of that and you will get your tax break.

Originally posted by ararisq

Originally posted by votan
actually that is inaccurate. Those salaries will serve to compensate for any monetary hits that will be taken by investors and top positions. The top cannot be touched but lower tiers can be downsized and have their wages cut. You will be asked to do more with less.

The business will not suffer, the employees will. The retaliation of the so called "rich"
will be to take it out on the people. You tax them more and they will just take more from the people to compensate. they do not lose out at all just the middle guy gets screwed.

You live in a dream world. The people at the top of my company work harder and longer than anyone because its their company, and largely their investment. This comic book idea that all of the owners of small businesses are fat cats in limos, top hats, and whips beater their employees is just that. In the real world people are sacrificing their lives to build businesses and employ people and being thwarted by an "expanding government" and people that believe in fairy tale economics.

Your are on that one. 95% of small businesses are just that, small. These guys are busting their chops everyday to keep their operation afloat, and you working. I admire those men who find a niche create a company to fill it, and prosper. This is what made America the land of opportunity. Opportunity to improve your economic standing and amass a comfortable amount of wealth.

The other 5% of small business ain't so small.

reply to post by okyouwin


I run a small sole proprietorship and yes, I do bust my ass everyday. Moreover, I also employ 3 recent high school grads.

I contribute to the economy and everyone wins.

The layoffs seen and projected thus far are small potatos compared to what's coming in the banking and insurance industries. The feds are now going full steam ahead with new rules, regulations, tax-surcharges and penalties that will cause hundreds of these institutions to let go of employees and cut wages/benefits of those "lucky" ones who are retained. But sadly, these folks will have to work harder for less money.

I was speaking to the Sr. VP of the 7th largest health insurance company this morning. He and other Senior Management are planning on raising premiums, laying off employees and then closing down the company before 2014. They will take their pumped up golden-parachutte severance, invest it off-shore and live happily ever after.

Expect to see variations of this scenario played out across several industries as the Obama administration tells them what they "must do...or else!".
-cwm

For those who are saying there is no way layoffs are because of obama, you are wrong! The problem is not so much the rules he has put into place but all of the stuff he has left out. Businesses have no clue what is going to happen. For those who say why not wait until the beginning of the year to make the layoffs, businesses fiscal years are not calendar years, they are just 12 months consecutive. For businesses who's fiscal year has already ended they may already be on the hook for some of these unknown taxes. That's why they were waiting until after the election hoping for a repeal of obamacare.

Small Businesses can apply for tax breaks of up to 35% of the cost of their employees premiums if they have fewer than 25 full-time employees. To qualify businesses must pay for at least 50 percent of their employees premiums and their workers annual salaries can't be more than $50k.

So you may get UP to 35% no clarification on how to figure out if you qualify or not for the full 35% . Even with the 35% the business will still be paying the extra 15% for each employees health insurance. Actually they will have to pay the full 50% out of pocket and wait until the end of the fiscal year to recoup the tax credit. So that is a large business expense added to already struggling businesses. An added cost here means you have to cut something elsewhere. I see good reasoning in this one to cut hours back so employees don't make over $50,000 a year.

• Only Employers with over 50 employees are required to provide health insurance to their employees. If they choose not to they must pay a small tax. Employers who do provide health insurance will receive tax credits.

Once again they don't say how much the tax is , but at least you know you will get a tax break. But how much? The same 35% or is it an up to amount? And once again, large increase in spending while waiting to recoup on the tax refund. For a business with more than 50 people they may very well look for ways to shave that number down at least until they know what the penalties and costs are going to be. If I had 60 employees you could guarantee I would be cutting 10 jobs. And notice in this little blurb, it did not say full time employees. So who even knows if part time employees are included in the count? I would guess it would be full time employees, but who can really be sure?

obamacare for small businesses

Another thing impacting the businesses is the banking regulations. Once again a whole lot of missing information. I don't have a link to send you to for this one. Sorry about that, tried to find it but just too much to wade through and it's almost 2 a.m and I am ready for bed. New regulations that were put in place also leave a lot left unsaid. Banks will face penalties if they make loans to people who are "unworthy" of the loan. That is not the problem. The problem is it doesn't spell out what the penalties will be or what deems a person unworthy of the loan. This makes banks hesitant to loan money to anyone who is just starting out. Try starting a business or expanding a business without financial assistance.

I hope the economy does improve, and hope it happens quickly. But honestly I see a whole lot of people loosing their jobs and a lot of businesses holding off hiring anyone at least until all of this becomes more clear. But to say businesses are laying off people because they are mad that Obama won is pretty far fetched. Its because obamacare is poorly written with too much missing information.

it's now affecting my work, a shipping company that normally delivers to small businesses like the one i work at are cutting off service and now only shipping straight to the big businesses.

It's small but is this corporate america protesting Obama?

Originally posted by CoolStoryMan


it's now affecting my work,


a shipping company that normally delivers to small businesses like the one i work at are cutting off service and now only shipping straight to the big businesses.

It's small but is this corporate america protesting Obama?

Sorry, did someone tell you this was about the election?

reply to post by Indigo5


I thought "Dear Leader" was in reference to Mao Tze Tung. "Der Fuhrer" is reference to Hitler.

My better half works for a company that has about ten people. The owner/boss doesn't rake in much more than the other employees, due to trying to keep the business open.
There is the possibility of some of the employees being cut down to 29 hours a week, so the insurance mess won't come into play, but I don't know much about Obamacare. From what I understand, all full time employees must be covered. We have good insurance from her work, but we don't know if we are allowed to keep it, or if the company pays a fine if they refuse Obamacare. If someone can enlighten me to the FACTS, not propaganda, I'd appreciate it. I'd really prefer to keep the old insurance, but don't know if I have any choice.
(Edited to add, I see Dixiebaby has provided a link.)
There are costs coming, and there has to be some decisions made. You can let go of a few employees, and keep the company open for the rest, or keep all the employees and eventually go out of business.
There is inflation coming. There is no doubt that there is a financial crisis coming. Gas prices will rise again. There very well be new, higher taxes on the horizon. It's not going to be a good habitat for small businesses.

The business of which I speak of must deal regularly with the EPA. There's some changes coming with that. Electricity will be going up due changes in the coal industry.
I'm sorry I can't change the facts for you. The economic landscape of the USA is such that layoffs are inevitable.

I myself am a self employed graphic artist. We don't know if I have to buy into Obamacare for myself, or if I can still use BH's insurance. I'm hired by contract. and am still trying to figure out the intricacies of it.

reply to post by DixieBaby


How about this:

ObamaCare Employer / Employee Taxes

Unless you own a company that makes over $250k in taxable profit or has over 50 employees you do not have to insure your employees. If you exceed these amounts you have to either insure your employees or pay a tax. Employers who do not meet these guidelines (97% of small businesses) will receive tax credits for insuring their employees.

In other words the ObamaCare taxes help small business employees and employers by offering them better health insurance and bigger tax breaks.

That's from your link.

And this from uber-liberal Forbes:

Businesses with 50 or more employees must provide health insurance or pay a penalty. If the business fails to comply, the penalty is $2,000 for each full-time employee (with a 30-employee deduction.) Additionally, if the coverage offered is too expensive (defined as costing more than 9.5 percent of the employee’s household income), the penalty is $3,000 per employee who must buy insurance with a government subsidy. However, only 200,000 small businesses will be affected by these changes because over 96 percent of small businesses fall below the 50-employee threshold.

Overall, the ACA brings a mixture of rules and benefits, but there is nothing to suggest that the healthcare shake up will hinder job creation and economic growth. In fact, it could inject order into the unruly medical marketplace if the administration explains benefits and requirements simply and clearly.

www.forbes.com...

Also from Forbes:

Employers are not up in arms over universal, affordable healthcare coverage either, says Widmer. A two year old study from Urban Institute revealed that concerns over employers dropping coverage or scaling back benefits because of health reform have not been realized. That’s a claim many Washington Republicans have made about ObamCare, saying it would cause U.S. small businesses to hold back on hiring because of mandated insurance laws. In Massachusetts, companies were never mandated to provide health insurance.

www.forbes.com...

So basically, it affects less than 5% of business, but provides healthcare to millions of people. Even the business it DOES affect, it barely affects.

More fearmongering from the right.