Radio host: WH asks companies to break the law

Wednesday, October 3, 2012
 | 
Chris Woodward (OneNewsNow.com)

A financial expert is surprised about the lack of talk regarding the White House asking defense contractors to "break the law" and not issue layoff notices ahead of the November election and scheduled budget cuts.

Federal law says that if a company with more than 100 employees is facing a mass layoff, the company has to give its employees 60 days' notice before the mass layoff happens -- or face federal fines. Recently, the White House requested the companies drop plans to issue the notices.

Celia

Dan Celia, CEO and president of Financial Issues Stewardship Ministries, argues that request encourages corporations to essentially ignore the law.

"The White House said, Oh, listen, would you break federal law because -- this is what they said if you read between the lines -- surely you want me to get re-elected. Here's the deal. Go ahead and pay [the fines], but we will reimburse you somehow."

And that "we," Celia explains, means "you and I, the taxpayer."

At least one contractor, Lockheed Martin, has dropped plans to issue layoff notices. Celia says other companies are listening.

"That's even more pathetic," he laments. "These are companies that this White House doesn't want anything to do with building up a defense, which these companies depend upon."

Meanwhile, the radio show host offers the following: "After the election, trust me -- they're not going to care a lick about who gets laid-off."

Celia made his comments Wednesday on American Family Radio.

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