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.
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
And that "we," Celia explains, means "you and I, the
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
Celia made his comments Wednesday on American Family