Within days of President Obama’s re-election businesses announce layoffs and even closures. “These cut backs are due to Obama’s re-election” stated one Arizona employer who reduced his staff by 22 employees. Other businesses followed with similar actions and noted the fear of an even slower economy with no real change. With no end in sight for Obamacare business owners are adjusting accordingly in an effort to make ends meet, unfortunately this means more people added to the unemployment lines. These are real world consequences within days of a re-election, the fear things will continue to get worse is very real within the marketplace.
The US stock market fell over 400 points in the days after Obama’s re-election, the Wednesday following the election was the greatest single loss of the year. Again, real world consequences within the marketplace and an obvious lack of confidence in Obama’s ability to fix problems going forward. Obama supporters have no one to blame but themselves while the rest of us suffer the consequences.
Here is a list of layoffs and closings courtesy of The Blaze
• US Cellular –
• Rocketdyne –
• Brake Parts –
• Husqvarna –
• Bristol-Meyers –