In June, Barack Obama
claimed that "the private sector is doing fine." Last week, the
private sector responded: Speak for yourself, buster.
In June, a diffident and self-deluded President Obama claimed
that "the private sector is doing fine." Last week, the private
sector responded: Speak for yourself, buster. Who needs an "October
Surprise" when the business headlines are broadcasting the imminent
layoff bomb in neon lights?
The Bureau of Labor Statistics reported last Tuesday that
employers issued 1,316 "mass layoff actions" (affecting 50 workers
or more) in September; more than 122,000 workers were affected
overall. USA Today financial reporter Matt Krantz wrote
that "(m)uch of the recent layoff activity is connected to what's
been the slowest period of earnings growth since the third quarter
of 2009." Some necessary restructuring is under way in response to
the stagnant European economy. But more and more U.S. businesses
are putting the blame -- bravely and squarely -- right where it
belongs: on the obstructionist policies and regulatory schemes of
Last week, Ohio-based auto parts manufacturer Dana Holding Corp.
warned employees of potential layoffs amid "looming concern" about
the economy. President and CEO Roger Wood specifically mentioned
the walloping burden of "increasing taxes on small businesses" and
the need to "offset increased costs that are placed on us through
new laws and regulations."
Case in point: ObamaCare. The mandate will cost Dana Holding
Corp., which employs some 24,500 workers, "approximately $24
million over the next six years in additional U.S. health care
expenses." As Ohio Watchdog blogger Maggie Thurber reported, the
firm's Toledo area corporate offices laid off seven white-collar
employees last Friday; company insiders told her more were on the
way. They are not alone.
On Tuesday, Consol Energy issued a federally mandated layoff
disclosure announcing its "intent to idle its Miller Creek surface
operations near Naugatuck, W.Va." The move will affect the
company's Wiley Surface Mine, Wiley Creek Surface Mine, Minway
Surface Mine, Minway Preparation Plant and Miller Creek
Administration Group, all in Mingo County, W.Va. Despite state
approval, cooperation with the U.S. Army Corps of Engineers and
myriad other agencies, and a stellar safety record, Obama's EPA
dragged its feet on the permit approval process. The impasse has
forced layoffs of 145 Consol Energy employees that will hit at the
end of the year. They are not alone.
In August, Robert E. Murray, founder and CEO of Murray Energy
Corporation in Ohio, blasted the White House anti-coal agenda for
the layoffs and closure of his company's mine. He told Obama
water-carrying CNN anchor Soledad O'Brien that "the many
regulations that (Obama) and his radical appointees and the U.S.
EPA have put on the use of coal, there are dozens of them and
collectively by his own energy administration, have closed 175
power plants." As O'Brien barked at her guest about purported
environmental objections, Murray explained that "we cannot get
permits for these mines. They are delaying the issuance of permits.
If you can't get the permit, you can't have the mine .... I created
those jobs, and I put the investment in that mine. And when it came
time to lay the people off, I went up personally and talked to
every one of them myself to lay them off. It's a human issue."
And it's an innovation issue, too. As I reported in February,
ObamaCare's impending 2.3-percent medical device excise tax has
already wrought havoc on the industry:
The heads of Koch Industries, Westgate Resorts and ASG Software
Solutions have all separately informed their employees of
prosperity-undermining Obama economic politics. Left-wing groups
have lambasted the executives for exercising their political free
But they have remained silent while the White House
corruptocrats bribed federal defense contractors into delaying
federally mandated layoff disclosures before the election. In a
memo now being investigated on Capitol Hill, Obama promised to
cover the legal fees of Lockheed Martin and other defense
contractors if they ignored legal requirements to inform workers in
advance about so-called sequestration cuts to the military's budget
scheduled to kick in next year.
Truth suppression is a time-honored Obama tactic, of course.
Remember: The administration and its Democratic allies on Capitol
Hill attempted to punish Deere, Caterpillar, Verizon and ATT in
2010 for disclosing how the costs of ObamaCare taxes were hitting
their bottom lines -- even though they were simply following SEC
disclosure requirements. The White House also tried to silence
insurers who dared to inform their customers about how ObamaCare
was driving up premiums. Not this time.
The administration's bully boys don't have enough whitewash and
duct tape to cover up the past, present and future devastation of
the president and his economic demolition team.
COPYRIGHT 2012 CREATORS.COM
Michelle Malkin (firstname.lastname@example.org) is author of "Culture
of Corruption: Obama and his Team of Tax Cheats, Crooks &
Cronies" (Regnery 2010).
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