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klattu
Nov 15, 2012, 2:23:14 PM11/15/12
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Consider this
Note: In almost any other time, a President with a record of
performance as poor as President Obama�s would not be reelected.
This, of course, is not like any other time in the past. America is
going down the path of Greece, France, Spain and a host of other
countries. The path of larger Government and more and more dependency
on Government to take care of an ever increasing number of dependents.
If you could discount the liberal leaning 20 or 30 largest cities,
Romney would be our next President. Yes, I know you don�t get
mulligans in politics. I suppose future Presidential elections will
be decided by the candidate who will promise the most to those 20 or
30 largest cities. America has indeed changed, never mind that we�re
doing it with money we don�t have. How long do you think this can go
on? We will see�..
Layoffs
Last week�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.
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment
in central New York, announced in September that they would be laying
off 275 employees, or roughly 10% of their workforce over the next
three years. One of the major reasons discussed for the layoffs was a
proactive response to the Medical Device Tax mandated by the new
healthcare law.
Dana Holding Corp.
As recently as a week ago, a global auto parts manufacturing company
in Ohio known as Dana Holding Corp., warned their employees of
potential layoffs, citing "$24 million over the next six years in
additional U.S. health care expenses". After laying off several white
collar staffers, company insiders have hinted at more to come. The
company will have to cover the additional $24 million cost somehow,
which will likely equate to numerous cuts in their current workforce
of 25,500 worldwide.
Stryker
One of the biggest medical device manufacturers in the world, Stryker
will close their facility in Orchard Park, New York, eliminating 96
jobs in December. Worse, they plan on countering the medical device
tax in Obamacare by slashing 5% of their global workforce - an
estimated 1,170 positions.
Boston Scientific
In October of 2009, Boston Scientific CEO Ray Elliott, warned that
proposed taxes in the health care reform bill could "lead to
significant job losses" for his company. Nearly two years later,
Elliott announced that the company would be cutting anywhere between
1,200 and 1,400 jobs, while simultaneously shifting investments and
workers overseas - to China.
Medtronic
In March of 2010, medical device maker Medtronic warned that Obamacare
taxes could result in a reduction of precisely 1,000 jobs. That plan
became reality when the company cut 500 positions over the summer,
with another 500 set for the end of 2013.
Others
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
Beyond the complete elimination of a significant number of American
jobs is another looming problem created by the health care law - a
shift from full-time to part-time workers.
Sean Hackbarth of Free Enterprise explains:
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."
Tangible examples of Obamacare causing a reduction in full-time
workers:
Darden Restaurants
According to the Orlando Sentinel, Darden Restaurants, a casual dining
chain best known for their Red Lobster, Olive Garden and LongHorn
Steakhouse restaurants, is "experimenting with limiting the hours of
some of its workers to avoid health care requirements under the
Affordable Care Act when they take effect in 2014".
JANCOA Janitorial Services
The CEO of JANCOA, Mary Miller, testified to Congress that Obamacare
was a "dream killer", adding that one option she had to consider "is
reducing the majority of my team members to part-time employment in
order to reduce the amount that I will be penalized."
Kroger
The American retailer in Cincinnati, Ohio recently was reported to be
planning a significant slashing of their hourly workers. Doug Ross
writes:
Operative Faith (a mid-level manager with the company) reveals that
Kroger will soon join the ranks of Darden Restaurants and slash the
hours of its non-exempt (hourly) workers to avoid millions in
Obamacare penalties.
According to the source, Obamacare could result in tens of thousands
of Kroger employees being limited to working 28 hours per week.
Summary
This is by no means, meant to be an exhaustive list. But it is meant
to provide examples of real companies, real jobs, and real names, soon
to be added to the growing list of employment casualties provided by
the inevitable implementation of Obamacare.
Last week, America voted for four more years of President Obama and
his destructive economic and health care policies. By extension,
America voted their approval of the aforementioned layoffs and overall
work reduction.
Note: I ask you, is another recession/depression looming? I don�t
know. I only know I�m depressed..
When Government expands, your freedom contracts. If you are unable or
unwilling to understand that you are beyond my help.
Right is right if nobody does it. Wrong is wrong if everybody does
it.
There are 90 million working age adults who are not participating in
the work force; we are becoming a nation that does not work.
Note: In almost any other time, a President with a record of
performance as poor as President Obama�s would not be reelected.
This, of course, is not like any other time in the past. America is
going down the path of Greece, France, Spain and a host of other
countries. The path of larger Government and more and more dependency
on Government to take care of an ever increasing number of dependents.
If you could discount the liberal leaning 20 or 30 largest cities,
Romney would be our next President. Yes, I know you don�t get
mulligans in politics. I suppose future Presidential elections will
be decided by the candidate who will promise the most to those 20 or
30 largest cities. America has indeed changed, never mind that we�re
doing it with money we don�t have. How long do you think this can go
on? We will see�..
Layoffs
Last week�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.
Welch Allyn
Welch Allyn, a company that manufactures medical diagnostic equipment
in central New York, announced in September that they would be laying
off 275 employees, or roughly 10% of their workforce over the next
three years. One of the major reasons discussed for the layoffs was a
proactive response to the Medical Device Tax mandated by the new
healthcare law.
Dana Holding Corp.
As recently as a week ago, a global auto parts manufacturing company
in Ohio known as Dana Holding Corp., warned their employees of
potential layoffs, citing "$24 million over the next six years in
additional U.S. health care expenses". After laying off several white
collar staffers, company insiders have hinted at more to come. The
company will have to cover the additional $24 million cost somehow,
which will likely equate to numerous cuts in their current workforce
of 25,500 worldwide.
Stryker
One of the biggest medical device manufacturers in the world, Stryker
will close their facility in Orchard Park, New York, eliminating 96
jobs in December. Worse, they plan on countering the medical device
tax in Obamacare by slashing 5% of their global workforce - an
estimated 1,170 positions.
Boston Scientific
In October of 2009, Boston Scientific CEO Ray Elliott, warned that
proposed taxes in the health care reform bill could "lead to
significant job losses" for his company. Nearly two years later,
Elliott announced that the company would be cutting anywhere between
1,200 and 1,400 jobs, while simultaneously shifting investments and
workers overseas - to China.
Medtronic
In March of 2010, medical device maker Medtronic warned that Obamacare
taxes could result in a reduction of precisely 1,000 jobs. That plan
became reality when the company cut 500 positions over the summer,
with another 500 set for the end of 2013.
Others
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
Beyond the complete elimination of a significant number of American
jobs is another looming problem created by the health care law - a
shift from full-time to part-time workers.
Sean Hackbarth of Free Enterprise explains:
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."
Tangible examples of Obamacare causing a reduction in full-time
workers:
Darden Restaurants
According to the Orlando Sentinel, Darden Restaurants, a casual dining
chain best known for their Red Lobster, Olive Garden and LongHorn
Steakhouse restaurants, is "experimenting with limiting the hours of
some of its workers to avoid health care requirements under the
Affordable Care Act when they take effect in 2014".
JANCOA Janitorial Services
The CEO of JANCOA, Mary Miller, testified to Congress that Obamacare
was a "dream killer", adding that one option she had to consider "is
reducing the majority of my team members to part-time employment in
order to reduce the amount that I will be penalized."
Kroger
The American retailer in Cincinnati, Ohio recently was reported to be
planning a significant slashing of their hourly workers. Doug Ross
writes:
Operative Faith (a mid-level manager with the company) reveals that
Kroger will soon join the ranks of Darden Restaurants and slash the
hours of its non-exempt (hourly) workers to avoid millions in
Obamacare penalties.
According to the source, Obamacare could result in tens of thousands
of Kroger employees being limited to working 28 hours per week.
Summary
This is by no means, meant to be an exhaustive list. But it is meant
to provide examples of real companies, real jobs, and real names, soon
to be added to the growing list of employment casualties provided by
the inevitable implementation of Obamacare.
Last week, America voted for four more years of President Obama and
his destructive economic and health care policies. By extension,
America voted their approval of the aforementioned layoffs and overall
work reduction.
Note: I ask you, is another recession/depression looming? I don�t
know. I only know I�m depressed..
When Government expands, your freedom contracts. If you are unable or
unwilling to understand that you are beyond my help.
Right is right if nobody does it. Wrong is wrong if everybody does
it.
There are 90 million working age adults who are not participating in
the work force; we are becoming a nation that does not work.
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