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Job Killer!!!!

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posted on Nov, 9 2012 @ 01:24 PM
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reply to post by neo96
 


Look into the farm subsidies program. Handouts from the government. The republican backers in that group don't seem to have a problem with getting government money,




posted on Nov, 9 2012 @ 01:28 PM
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reply to post by Indigo5
 


You forgot to provide a source and reference to the Medical device tax contained within Obamacare. Increased taxes is quite the motivator

BTW
Your Smith and Nephew reference was from 2011!!
December 16 has not happened yet
!!!!!!!!

Read up!!
www.memphisdailynews.com...
edit on 9-11-2012 by jibeho because: (no reason given)



posted on Nov, 9 2012 @ 01:29 PM
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Originally posted by roadgravel
reply to post by neo96
 


Look into the farm subsidies program. Handouts from the government. The republican backers in that group don't seem to have a problem with getting government money,


So the handouts for SS,(healthcare)medicaid, and medicare are what?

I know government handouts, and they are handouts considering people are getting more out than they are paying in.

Wonder what costs this country more?

Those programs are job killers btw.
edit on 9-11-2012 by neo96 because: (no reason given)



posted on Nov, 9 2012 @ 01:46 PM
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Originally posted by jibeho

Your Smith and Nephew reference was from 2011!!
December 16 has not happened yet
!!!!!!!!

Read up!!
www.memphisdailynews.com...
edit on 9-11-2012 by jibeho because: (no reason given)


Wow...Are you just wired for BS? Here let me ask you this



Smith & Nephew to Cut 7 Pct. of Global Workforce - Friday, February 03, 2012

Smith & Nephew has announced it will reduce its global workforce by 7 percent over the next three years. The statement came Thursday, Feb. 2, when the London-based company reported its fourth-quarter and full-year 2011 earnings, with Q4 earnings that exceeded analysts’ estimates.

www.memphisdailynews.com...

February? a 3 year plan at reductions?

None of it mentioning Obamacare and 8 months before the election?

Frankly your capacity to BS and never feel a tinge of morality about it amazes me.
edit on 9-11-2012 by Indigo5 because: (no reason given)



posted on Nov, 9 2012 @ 01:55 PM
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reply to post by michael1983l
 


Health care is already available to all, it is illegal for an emergency room to turn you away for not being able to pay.

Also, this is not "free" healthcare for the poor, this is a mandate, that you either get health insurance or get fined.

What part of the poor dont have the ability to buy it doesnt compute here?

Your tiny country can get by with $8.00 a gallon gas, as it is the size of a small state over here. In America we have to be able to drive to work, as only the giant coastal cities have public trans systems. most of us live in small cities and rural towns, where one must still transport themselves upwards of 30 miles a day.

It is impossible to compare your economy to ours, as it is now and always was, set up entirely different. This is the reason we got so wealthy in the first place. Our citizens get to keep and spend their money, causing it to move around, generating wealth, by putting it to work.

ETA- also, how will it create more jobs in the medical industry because there are still the same amount of patients? It costs upwards of a million dollars to get a medical degree, under obamacare they want to pay next to nothing to the doctors, so people arent going into the medical field, and many doctors are leaving and moving into other sectors, or accepting "cash" only patients because the obamacare payments arent worth their time.

There is a very small percentage of doctors that will see military patients, as the military insurance wont pay much for any services, so they simply dont take them. obamacare is roughly the same payment scale as tricare (military health insurance when I was serving), it will create less doctors, not more.

Nobod will take a 1 million dollar student loan debt, just so they can work 50 years to pay it back and still be just upper middle class, this is simple economics.
edit on 9-11-2012 by inverslyproportional because: (no reason given)



posted on Nov, 9 2012 @ 04:32 PM
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reply to post by Indigo5
 


Welch Allyn,,, medical device tax

Another devicemaker is cutting its payroll to prepare for the 2.3% tax on medical devices. Welch Allyn plans to reduce its workforce by 10% over the next three years, laying off about 275 people.

The restructuring plan is designed to prepare the family-owned firm for the impending tax on device sales in the U.S.--"the new onerous U.S. Medical Device Tax," as Welch Allyn termed it. In addition to the job cuts, Welch Allyn plans to realign some of its business units, shuffling and consolidating departments between outposts in New York, Oregon, Singapore and Mexico.

Back in July, Meyer said the company was looking to do everything in its power to cut costs without passing the tax's effect down to customers. Welch Allyn apparently settled on layoffs, and it's hardly alone in doing so.



Devicemaker Welch Allyn is looking for ways to cut costs before the 2.3% sales tax on medical devices kicks in in January, the company said.

CEO Stephen Meyer said Welch Allyn is trying to avoid passing the cost down to patients, but it's predicting a multimillion-dollar hit and may not be able to avoid it. Other execs feel the same way, Meyer told NPR, and the whole industry is struggling to figure out how to compensate for the impending charge.

"Each company is going to try to handle this in a different way, but there are only so many buttons you can push in order to effectively manage this," Meyer said. "We'd love to see our sales increase substantially, but given the challenges in the economy, that's tough."


www.fiercemedicaldevices.com...


St. Jude Medical ($STJ) is canning about 300 people worldwide in a move to save between $50 million and $60 million a year, the company said. The device giant is also consolidating its various divisions into two categories.

Under the new model, St. Jude's devices will be split into an implantable electronic systems group--including the former cardiac rhythm management and neuromodulation divisions--and a cardiovascular and ablation technologies unit, which will encompass the company's atrial fibrillation and cardiovascular products.

The action appears to be a preemptive move to offset the effect of the 2.3% medical device industry tax slated to begin on Jan. 1, Leerink Swann analyst Danielle Antalffy said in an Aug. 30 note. The tax will likely lead to a $63 million hit on the company in 2013, Antalffy wrote, noting that slashing jobs mitigates the issue.


www.fiercemedicaldevices.com...

You're full of crap if you think this new device tax will not have an effect on these manufacturers of medical devices. I have a friend at Roche and he is unsure what all this will do with their insulin pump division.

Keep denying it... Please!!


The U.S. medical device industry is bracing for the negative impact of a 2.3-percent tax on company revenues under President Barack Obama's health care overhaul that is scheduled to take effect in January, according to Thomas Novelli, vice president of government affairs for the Medical Device Manufacturers Association.

Novelli told a crowd of about 250 at the first Medical Main Street "Inno-Vention" conference at the Royal Park Hotel in Rochester Thursday morning that the tax will greatly penalize medical device manufacturers, especially smaller and emergent companies that typically are founded by surgeons or other health care practitioners.

"There are no accommodations" in this tax to small companies," he said. "If you're a $2- to $3-million company with a typical profit margin of 1 to 2 percent, your profitability would be completely gone" to pay the tax, Novelli asserted. "What is the incentive to innovate, or to hire more people?" for companies caught by the tax, he said.


From The Detroit News: www.detroitnews.com...

Stryker

OEMs like Stryker have already started to brace for the impact of the device tax. In November of last year, the Michigan-based firm, with annual revenues of over $7 billion, announced plans to cut 5% of its work force to reduce operating costs by $100 million, citing the tax as the reason.

"This [tax] will end up making the cost of goods higher, and since most of these medical devices are required, as opposed to being optional, that cost gets passed on to the consumer and the cost of care goes up," says Waite. "It's certainly been a discussion point with some of the customers we work with."

The tax could have an effect on the already precarious process of developing a new or improved medical device, says Waite.

www.mainebiz.biz.../20120820/CURRENTEDITION/308169999/1001



posted on Nov, 9 2012 @ 04:45 PM
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more to chew on. The reality is right around the corner...

On Jan. 1, 2013, the 2.3 percent excise tax on device manufacturers such as, Medtronic Inc., Wright Medical Group Inc. and Smith & Nephew Inc. is scheduled to take effect.

The tax will cover several product classes, with the exception of everyday products like contact lenses or supplies for diabetics. The tax is expected to raise as much as $60 billion over the next 10 years, which would be used to help pay for implementation of the law. However, the lasting effects on those companies could come with more side effects than an experimental drug.

Memphis-based Wright Medical expects the tax to cost as much as $7 million next year, while Medtronic could have to pay as much as $150 million in the first year. Wright Medical had sales of more than $518 million in 2011; Medtronic reported revenue of $15.5 billion for fiscal year 2011. While those companies likely won’t go out of business because of the tax, an annual expense of $7 million and $150 million will almost certainly have an impact on their bottom lines and the way they do business.

Medtronic officials would not comment, other than saying the company has been planning for the law’s implementation and is engaging in some strategic adjustments to account for it.


www.bizjournals.com...


Medical device companies are bracing for a tax on their products scheduled to take effect Jan. 1 as part of the national health care reform that Mitt Romney said he would have eliminated if elected. The tax could cost up to $3 billion a year.

“Companies are going to be facing revenue shortfalls,” said Tom Sommer, president of the Massachusetts Medical Device Industry Council. “That could result in reductions in force, cuts in research and development, and even outsourcing of some manufacturing offshore.”

Sommer said the medical device industry lost a champion with the defeat of Senator Scott Brown. But Senator-elect Elizabeth Warren said she opposes the device tax and also expressed support for protecting biotechnology companies, and funding for the Food and Drug Administration and the National Institutes of Health, two agencies important to Massachusetts life sciences businesses.


bostonglobe.com...



edit on 9-11-2012 by jibeho because: (no reason given)



posted on Nov, 9 2012 @ 04:55 PM
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reply to post by jibeho
 


Two more possible (probable !) problems with the "Device Tax" are:

1. Device shortages.

2. Device "Rationing" via death panel.

Death Panels by default.....very clever move by the ObamaCare language.

The diversions served their purposes.

I hope average people who keep supporting this never need a pacemaker !!!!! (yes, with 5 "!" 's)



posted on Nov, 9 2012 @ 05:06 PM
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reply to post by xuenchen
 


The head in the sand mentality around here lately is quite alarming for a conspiracy site. Despite all facts and citations we get nothing but the liar or BS er label. It's fascinating...attack the source attack the OP while ignoring all evidence... This thread has been a whopper www.abovetopsecret.com... of liar labels slapped on the OP just because they didn't hear it from NBC.

What gives?? I think ATS is slipping down the far side of the slope...and the lemmings are leading the way...



posted on Nov, 9 2012 @ 05:12 PM
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reply to post by jibeho
 


Yep !!!!!

The same tactics will never stop.

Uncle Saul and Grampaw Karl are smiling from the grave


They are proud of their students.



posted on Nov, 9 2012 @ 05:41 PM
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yeah these job cuts are gonna be brutal.. America: The only place that believes by spending money we can save it. You wanna save our economy? Petition the government to live on an hourly wage like the rest of us. The POTUS makes what... 400k a year? That's just the president, consider all the other positions like reps and senators, give them a $10 an hour payrate. They don't work past 5 anyway, why should they get a salary? That's the way the government can truly help its people. (Went a lil offtopic there but rant complete)



posted on Nov, 9 2012 @ 05:59 PM
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reply to post by jibeho
 






St. Jude Medical will lay off 450 people by the end of next year as it moves manufacturing of its cardiac rhythm management products from Sweden to Puerto Rico and Malaysia.

St. Jude Medical and its competitors have all been affected by a slowdown in the U.S. market for ICDs, partly due to a slower economy, but also due to a Department of Justice investigation.


www.minnpost.com...


Guess what they did?


The Justice Department said St. Jude Medical, a St. Paul, Minn.-based medical device maker, will pay $3.65 million to settle allegations (PDF) that it inflated the cost of replacement pacemakers and defibrillators purchased by the departments of Defense and Veterans Affairs.

www.modernhealthcare.com...

As for Wright Medical almost the same thing:


Wright, through its subsidiaries, is a global orthopedic medical device maker for knees, hips, and other joints. Its main subsidiary reached a one-year deferred prosecution agreement with the U.S. attorney’s office in New Jersey last September over alleged kickbacks to doctors.

www.law.com... ecution_Agreement&slreturn=20121009184023


Wright Medical Group, which reported another quarterly drop in sales on Monday, announced it is splitting into two U.S. divisions in a move to to reverse the company's slumping fortunes. Wright will now have an orthopedic reconstruction group focused on its line of hip and knee products and it will have an extremities division focused on its growing foot and ankle products. Eric Stookey, now Wright's chief commercial officer, will be promoted to president of the extremities division. Timothy Davis, Wright's senior vice president for corporate development, will be president of the orthopedic reconstruction group. Each will report to a new chief operating officer, a position Wright leaders said is close to being filled. The restructuring will "better position our company to be a focused, growth-oriented operation," Wright CEO Robert Palmisano said in Monday's earning conference call.

www.devicespace.com...

Wright Medical also loses money when converting funds from 3rd world countries to U.S. dollars and from the Euro to U.S. dollars.


Medtronic Inc., the world’s largest medical device maker, this week reported first-quarter financial results for fiscal year 2013: $4 billion in global revenue – a 5% increase over the same period last year — driven by rising sales of stents and a firmer foothold in emerging markets. But the positive report, which matched Wall Street expectations, comes on the heels of a warning letter from the Food and Drug Administration that reprimands the company for failing to correct a longstanding defect in one of its drug infusion pumps.

In addition to the defect, first identified in 2007, the FDA criticizes the device manufacturer for failing to record and investigate multiple complaints about adverse events resulting from use of the pump. In several instances indicative of the way such complaints were handled, company representatives did not write down reports of worsened pain after using the pump, withdrawal symptoms, and unexplained vibrations of the device, according to the letter. When callers stated the name of the drug being used in the pump — important because different medications may cause inflammation at the site where the device connects to the patient – the reps often recorded it as “unknown.”



www.forbes.com...


None of the reasons you gave correlate with the actual reasons these companies are laying off.
Funny though they scam or cheat and then lay off workers to pay for the fines.



posted on Nov, 9 2012 @ 06:01 PM
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Originally posted by roadgravel
reply to post by neo96
 


Look into the farm subsidies program. Handouts from the government. The republican backers in that group don't seem to have a problem with getting government money,


The Conservatives sure do LOVE handouts when its for the wealthy dont they? That Corporate welfare makes them DROOL uncontrollably. But for a starving child, its TOUGH LUCK SLACKER!!!

America has made its VOICE loud and clear that we DONT WANT THIS crap ideology that the Right wants to dish out on us.

You Conservatives lost so take personal responsibility stop whining and blaming everyone and SUCK IT UP, America DISAGREES Conservatives!!!!!!!! Deal with it stop being BABIES.



posted on Nov, 9 2012 @ 06:39 PM
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reply to post by YourWIFI
 


Well it seems the Democrats had control of Congressional committees from Jan 2007 until Jan 2011.

You would think they would have done something about "Corporate Welfare".

It looks like they have increased some of it....


Corporate welfare programs instituted by the Obama administration are costing American taxpayers billions of dollars and they are getting nothing in return, except the bill. According to the CATO Institute corporate welfare has cost taxpayers $100 billion this past year alone.

It gets worse though. While a huge percentage of the Obama $800 billion in stimulus went to failed “green energy” companies like Solyndra, now it seems to be spreading throughout various federal agencies.

According to Cato, the most spending on “corporate welfare” programs in the federal budget — more than $25 billion — went to the U.S. Department of Agriculture.

A majority of the department’s farm subsidies go to the largest farms, the report noted.

The Department of Energy is responsible for nearly $18 billion in corporate welfare in FY 2012.

Other programs to make the list: the Department of Housing and Urban Development (HUD)’s Community Development Block Grant program ($285 million); the Commerce Department’s Broadband Technology Opportunities Program ($2.2 billion); attempts by Transportation Department policymakers to develop a high-speed rail network ($1.2 billion) and the Interior Department’s Bureau of Land Management ($1.4 billion) land-use programs.
......................

Cato: Taxpayers Billed $100 Billion For Corporate Welfare in 2012


Gulp !!



The Obama Administration has fooled you I think

p.s. when citing any "filibusters", please give the bill numbers....

we need to find the hidden reasons for those filibusters.

many had merit and actually averted some wild spending and corruption.



posted on Nov, 9 2012 @ 06:53 PM
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Originally posted by xuenchen
reply to post by YourWIFI
 


Well it seems the Democrats had control of Congressional committees from Jan 2007 until Jan 2011.

You would think they would have done something about "Corporate Welfare".

It looks like they have increased some of it....


Corporate welfare programs instituted by the Obama administration are costing American taxpayers billions of dollars and they are getting nothing in return, except the bill. According to the CATO Institute corporate welfare has cost taxpayers $100 billion this past year alone.

It gets worse though. While a huge percentage of the Obama $800 billion in stimulus went to failed “green energy” companies like Solyndra, now it seems to be spreading throughout various federal agencies.

According to Cato, the most spending on “corporate welfare” programs in the federal budget — more than $25 billion — went to the U.S. Department of Agriculture.

A majority of the department’s farm subsidies go to the largest farms, the report noted.

The Department of Energy is responsible for nearly $18 billion in corporate welfare in FY 2012.

Other programs to make the list: the Department of Housing and Urban Development (HUD)’s Community Development Block Grant program ($285 million); the Commerce Department’s Broadband Technology Opportunities Program ($2.2 billion); attempts by Transportation Department policymakers to develop a high-speed rail network ($1.2 billion) and the Interior Department’s Bureau of Land Management ($1.4 billion) land-use programs.
......................

Cato: Taxpayers Billed $100 Billion For Corporate Welfare in 2012


Gulp !!



The Obama Administration has fooled you I think

p.s. when citing any "filibusters", please give the bill numbers....

we need to find the hidden reasons for those filibusters.

many had merit and actually averted some wild spending and corruption.



ACCORDING TO THE CATO INSTITUTE???!!


KOCH BROTHERS BS, they are the KINGS OF BS!!

LIES as usual.

edit on 9-11-2012 by YourWIFI because: (no reason given)



posted on Nov, 9 2012 @ 07:14 PM
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reply to post by roadgravel
 


You have no idea what you are talking about. Farm subsidiaries are given to farmers because there is no money to be made in farming in the US. They are paid to not grow food. By growing too much food it'll depreciate the prices and everyone would suffer. Farmers would lose money by doing their job and food markets would lose money too. Subsidiaries are just a means to stabilize price and reduce competition in agriculture. Unless of course you only want the only farming industry to be owned completely by Monsanto where they can kill off all competition and force us to eat certain things and keep prices at whatever they want.



posted on Nov, 10 2012 @ 01:18 AM
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Interesting then that unemployment is lower now than when Obama took office.


Doesn't sound like very successful job killing



posted on Nov, 10 2012 @ 01:25 AM
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Originally posted by Hawking
Interesting then that unemployment is lower now than when Obama took office.


Doesn't sound like very successful job killing


Not exactly......


It's about the same as Jan 2009.

UPs and Downs.

Stagnant.

Putrid.

And many "new created" jobs are temporary, part time, and less pay and no benefits.

chicken feed

pigeon splat on the windshield.

ETA: better quality table








edit on Nov-10-2012 by xuenchen because: (no reason given)



posted on Nov, 10 2012 @ 01:30 AM
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When a president says that his goal is to bankrupt certain industries, don't be surprised when those industries lay off workers in an attempt to prepare to survive bankruptcy.

When a president says he would raise taxes on investments, even if no extra revenue would come, simply because the numbers would look more fair - despite a loss of value to society, don't be surprised when corporations hold on to their cash.

When a president treats the people who provide jobs, insurance, products, services, wealth, trade, and standard of living as non-contributors to society, don't be surprised when people start to call him something other than 'capitalist.'



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