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Obama Donor's Corporation Lays Off Employees Due to ObamaCare
13 Nov 2012, 3:56 PM
Stryker Corporation has announced that it will close its facility in Orchard
Park, New York, eliminating 96 jobs next month. It will also counter the
medical device tax in Obamacare by eliminating 5% of their global workforce,
an estimated 1,170 positions.
Jon Stryker is heir to the Stryker Corporation, one of the largest medical
device and equipment manufacturers in the world. Stryker's grandfather was
the surgeon who invented the mobile hospital bed. The company now sells $8.3
billion worth of hospital beds, artificial joints, medical cameras, and
medical software every year.
Stryker, a member of the Forbes 400 list, was one of the top five donors to
the Obama campaign. Having donated $2 million to the Priorities USA Action
super PAC, Stryker also gave $66,000 in contributions to Obama and the
Democrat Party.
Prior to the 2012 election, Stryker contributed millions to help Democrat
candidates in his home state of Michigan. He also gave nearly $250 million
to groups supporting gay rights, transgenderism, and the conservation of
apes. In January, his Arcus Foundation donated $23 million to Kalamazoo
College for an endowment to fund a center for social justice leadership.
Stryker's corporation is part of an industry that has been a big loser at
the hands of Obamacare. Having refused to get on board with the White House
and the Senate Finance Committee when the law was being crafted in 2009, the
medical device industry was punished with an excise tax of 2.3% of their
revenues, regardless of whether they make a profit.
Republicans in the House have attempted to repeal the excise tax with a bill
called the Protect Medical Innovation Act. The Democrat-led Senate, however,
has refused to cooperate, saying that withdrawing the tax would cause
Obamacare to come unraveled.
Last June, while the nation awaited the Supreme Court's decision on the
constitutionality of the individual mandate, Stryker Corp. announced that it
was tying plans to slash 5% of its global workforce to the tax if the law
was upheld. The company would do this as part of an effort to realize $100
million in annual productivity gains to offset the blow when the excise tax
went into effect in 2013.
It seems Stryker Corp., like many other businesses in America, was waiting
to see how the election turned out before making important decisions; it is
now moving ahead with those planned layoffs in the wake of Barack Obama's
reelection.
http://www.breitbart.com/Big-Government/2012/11/13/Obama-Donor-s-Corporation-Lays-Off-Employees-Due-to-ObamaCare