Job Killer!!!!

Welcome to Reality 101... They said it would happen and it most surely is and this is just in the medical sector...

Here come the Layoffs....

Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.

It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.

Who will pay? The middle-class workforce, of course.

So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let's examine the very real jobs that will be lost, and the very real lives that will be affected.

A short list of other companies facing future layoffs at the hands of Obamacare:

Smith & Nephew - 770 layoffs
Abbott Labs - 700 layoffs
Covidien - 595 layoffs
Kinetic Concepts - 427 layoffs
St. Jude Medical - 300 layoffs
Hill Rom - 200 layoffs

www.freedomworks.org...

Medical Device Tax

Boston Scientific anticipates $100 million in additional taxes next year, with layoffs to follow. Medtronic estimates a $175 million loss in 2013 and will cut 1,000 workers. Stryker plans 1,170 job cuts.

Other medical manufacturers will follow: Smith & Nephew, with 770 layoffs; Abbott Labs, 700; Covidien, 595; Kinetic Concepts, 427; St. Jude Medical, 300; Welch Allyn 275; and Hill Rom, 200.

In January, medical device manufacturers in the U.S. will be asked to take a 2.3 percent hit to their bottom line in the form of a 2.3 percent tax on medical devices, part of the Affordable Care Act, aka Obamacare.

The 2.3 percent tax will be imposed on gross sales of products from elastic bandages to pacemakers to imaging systems. Although the tax is intended to raise $28.5 billion over 10 years to help cover the costs of Obamacare, opponents warn there will be unintended consequences.

www.vcstar.com...

Part time is the "new" full time

A JP Morgan economist "points out that 8.3 million people are working in part-time jobs even though they'd prefer full-time work. Unfortunately, because of President Obama’s health care law, the Patient Protection and Affordable Care Act (PPACA), workers in the hotel, restaurant, and retail industries could be pushed into part-time jobs working less than 30 hours per week."

"Under the health care law, if a company has more than 50 “full time equivalent” workers, a combination of full and part-time employees, but doesn’t offer “affordable” coverage that meets the government’s minimum value standard, the company will have to pay a penalty. This penalty is determined by the number of full-time employees minus 30 full-time employees. So to reiterate a very important point: part-time workers are not part of the penalty formula. The health care law creates a perverse incentive to hire part-time versus full-time workers."

www.freedomworks.org...

Boeing and Lockheed Martin are also chopping jobs.. in a big way.... We knew all of this prior to election day and just over 50% of the nation didn't care... Apathy and acceptance...

reply to post by jibeho


If this is a surprise to ANYONE, then they are willfully ignorant or just living under a rock in BFE.

This was stated it would happen.

America, what have you done to yourself.

We are screwed as a nation.

Originally posted by jibeho

Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.

It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.

Who will pay? The middle-class workforce, of course.

And who's to blame?

The bloody idiots who think they can't survive a day if they aren't earning at least 1 million a year.
Other people get by on less... so point your damn finger at those really to blame: those who are actually firing people.

You can NEVER blame someone for someone elses wrong doings. They don't have to fire people, they just have to earn less. End of story. Death to all capitalists!

Just as in Australia domestic companies are shedding their workforce and whilst continuing to do business in China..India..ect ect and recreating the contracts in these nations.
Millionares and billionares got so rich by not caring about people but caring about profit margins.
They send the young to war to increase or protect their profits...but as we see thay care not one inch about their own kind.

Sorry double post internet problem.

Sorry triple post internet problem

reply to post by jibeho


Boeing and Lockheed are military contractors.
Obama wants us to have a second rate military now.

reply to post by flice


Death to all capitalists?? Wow!! Great idea... Let's all live off the govt. and work for the govt... But.. where will the money come from when the well runs dry?? Oh wait... the well is already dry... Look no further than the collapse in Greece et.al... to see the reality that faces the U.S. The nation is severely out of balance and getting worse.. We have passed the tipping point and are headed for rock bottom.

Welcome to the next four years of your life...

reply to post by jibeho


WOW...It was the four !!!! marks in your headline that made me open the thread...then the non-partisan Freedomworks source!!

Economic apocolypse must be near!!!!!...I used 5 "!"...so it must be true !!!!! Thanks for the heads up.

Don't be such a scare monger, the NHS in the UK is a far more comprehensive social healthcare package and we can manage the tax burden. Maybe jobs will be lost but they will be recreated else where because you still have to treat the same amount of pacients. People over here in Europe really are shocked at how selfish some Americans are. Those that are well off are crying about paying a little extra tax to make free healthcare available to the poor, your the richest nation in the world and you are all up in arms about making health care accesable to your most vulnerable in society. You should think about that.

reply to post by Nite_wing

What?.....

We've had a second rate military for a long time.

I know from personal experience.

reply to post by MyHappyDogShiner


Second rate military.... pfffffff


You have more aircraft carriers than Europe, Russia and China put together.

reply to post by Indigo5


Hey, may I borrow your rose colored glasses for a moment? Thanks!! Oh.. much better now. All of the those layoffs are not true... not true not true not true... Click your heals three times and it will all go away.

Good Stuff... Great glasses... Thanks

Please prove that Freedom works is spreading in accuracies after you do your research.. I'll be waiting.... Don't forget the other sources I cited as well....

Denial + Ignorance= Bliss.. Just blame the evil capitalists...

reply to post by michael1983l

I agree,we here in the u.s. are selfish little ghouls.

I try not to be,but what can one do while being surrounded by those who would exploit one at a moments notice.

Human Resources=Resources to Exploit

You can see the truth in their words if you are just a little bit literate.

Must be why they keep cutting funding for edumacational stuff and such....y'all

I need to eat more vegemables,....

I mis-spelt somethin here ...

Anyway......

reply to post by Indigo5


Here's another lie for you ...

Vestas to sell stake in company cut another 3,000 jobs

Vestas Wind Systems A/S wants to sell a stake of as much as 20 percent and will be cutting another 3,000 jobs.

"We do not yet know which locations globally will be affected," Andrew Longeteig, company spokesman, said in a statement.

The manufacturing workforce at Vestas's four Colorado factories has been slashed to about 1,200 this year from 1,700.

Vestas said it does not expect positive free cash flow this year, guiding for zero to 500 million euros of cash loss.

Ditlev Engel, Vestas' chief executive officer, said he's bracing for a drop in U.S. orders next year as a wind power tax credit expires.

U.S. President Barack Obama, re-elected Tuesday to a second term, has said he supports extending the credit.

"We hope that what the president has said will materialize," Engel said.

The company earlier said 1,600 jobs in the U.S. were at risk due to the expiring credit.

Vestas will reduce headcount to 16,000 by the end of 2013 from 22,721 in 2011, according to Wednesday's statement, including 3,700 already-announced job cuts and 3,000 reductions announced Wednesday. Bloomberg News

They will only survive if Obama extends a costly tax credit provides more costly green energy subsidies.... Not good. Vestas got $51.6 in green stimulus dollars.... They are a Danish company just in case you were curious...


They cannot Survive WITHOUT!!!!!!! Subsidies..... What does that tell you? Probably not much... Hellooo!! McFly??

Death to all capitalists??

Really?

Meet Billy Bob he's a farmer who has around a thousand acres people call him a millionaire so lets take a look at how he makes his money.

First off he is paying 1% to property takes and average around 5,0000+ an acre depending on what part of the country he lives in.

He has to comply with all EPA regulations.

All the fertilizer,seed, and pesticides to plant, and harvest that crop to make a living all has to comply with regulations.

Then he has to spend $100k to $200k just for a tractor,. another $100k for a planter,$300k for a combine more cash for other impliments he has to use in order to get that crop in.

Then every business has what they call input costs current input costs for corn that is is $800 an acre on the average that has to be spent in order to produce anything that will be considered income.

Remember now Billy Bob has 1000 acres multiplied by $800 is $800,000 he has to spend up front.

If he is lucky enough to have a good rainfall year and produce an acceptable crop that on the average yeilds 160 bushels an acre.

Current market price for corn is around $7.35 a bushel so now Billy Bob got lucky enough to harvest at 160*1000 acres which means ne has 160,000 bushells of marketable product.

that 160,000 bushells @ $ 7.35 yields about $1,176,000 wow he's a millionaire right??

Right?

Nope that $1,176,000 less 800,000 for his input costs means he walked away with $376,000 then has someone saying his taxes should be raised!!!!!

That is business in America these days and Billy Bob was lucky enough to have 1000 acres other people are not so lucky.

That is just not a farmer, that is every business in America including healthcare providers they all have their input costs and eek out a middle class paycheck.

The government and others claim their rich really?

Are they rich?

Originally posted by jibeho

A short list of other companies facing future layoffs at the hands of Obamacare:

Smith & Nephew - 770 layoffs
Abbott Labs - 700 layoffs
Covidien - 595 layoffs
Kinetic Concepts - 427 layoffs
St. Jude Medical - 300 layoffs
Hill Rom - 200 layoffs

Hmmm...So I googled up those companies, all of which planned layoffs before the election and none of them cited Obamacare?

Smith & Nephew?
"“We see this decision as a continuation of Smith & Nephew’s efforts to restructure its orthopedic and endoscopy divisions into one segment,” Stralow said. “By making these workforce adjustments, the firm aims to become a more efficient organization.”

Last month, Smith & Nephew reported strong third-quarter revenue growth, but said its Memphis-based orthopedics division underperformed for the period, as evidenced by trading margins of 15.6 percent compared with 22.2 percent in Q3 2010.
"

Abbot Labs?
Abbott lays off 550 in run-up to spinoff

Abbott banner after the company spins off its proprietary pharmaceutical arm as a separate company called AbbVie Inc. on Jan. 1.

And all of them announced layoffs before the election??

BS ...More BS...and even more BS from the right....Not due to Obamacare, simple research shows that, announced while Mitt Romney was promising to repeal it day 1.
BS...

Originally posted by michael1983l
Don't be such a scare monger, the NHS in the UK is a far more comprehensive social healthcare package and we can manage the tax burden. Maybe jobs will be lost but they will be recreated else where because you still have to treat the same amount of pacients. People over here in Europe really are shocked at how selfish some Americans are. Those that are well off are crying about paying a little extra tax to make free healthcare available to the poor, your the richest nation in the world and you are all up in arms about making health care accesable to your most vulnerable in society. You should think about that.

For the vast majority here in the UK national insurance contributions are taken at 12% of earnings (up to £42000 per year).

Not all of the 12% goes on the NHS though, there's state pensions, job seekers allowance, state maternity pay etc etc to come out of it too.

reply to post by Indigo5


Continued...

St. Jude Medical plans to lay off an additional 500 employees as it restructures its product divisions into 2 new units, focusing on cardiovascular and ablation technologies and implantable electronics.

Still trying to see how this cherry picked doom and gloom list has anything to do with Obamacare...ya know in the finance world they actually explain why they lay people off...

EVERY SINGLE ONE OF THESE COMPANIES CITED REASONS UNRELATED TO OBAMACARE AND ANNOUNCED LAYOFFS MONTHS AGO

THAT IS FACT.

GOP = BS