What happened to all of the doom and gloom economic threads?
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koalabear
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JC Penney sales plummet 26%
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koalabear
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New tool out for the libs in the market.
http://col.stb.s-msn.com/amnews/i/7A/208E869212E92ED8B8236E7E8BD7_h366_w650_m6_lfalse.jpg
http://col.stb.s-msn.com/amnews/i/7A/208E869212E92ED8B8236E7E8BD7_h366_w650_m6_lfalse.jpg
koalabear
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WASHINGTON — So just what is this "fiscal cliff" that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?
It's a one-two punch of expiring Bush-era tax cuts and major across-the-board spending cuts to the Pentagon and domestic programs that could total $800 billion next year, based on Congressional Budget Office estimates.
The cliff is the punishment for previous failures of a bitterly-divided Congress and White House to deal with the government's spiraling debt or overhaul its unwieldy tax code.
The largest component of the cliff comes with the expiration of tax cuts enacted in 2001 and 2003 and extended two years ago in the wake of President Barack Obama's drubbing in the 2010 midterm elections.
It also includes sharp spending cuts imposed as a consequence of the failure of last year's deficit-reduction supercommittee" to reach agreement. There are other elements, chiefly a 2 percentage point cut in payroll taxes orchestrated by Obama and unemployment benefits for the long-term jobless that would disappear.
Specifically, the fiscal cliff includes:
—The expiration of Bush-era tax cuts on income, investments, married couples and families with children and inheritances.
—A $55 billion, 9 percent cut in defense spending next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.
—The expiration of unemployment benefits for the long-term jobless and a sharp cut in reimbursements for doctors participating in Medicare.
—The expiration of Obama's temporary 2 percentage point cut in payroll taxes.
—The imposition of the alternative minimum tax on some 26 million households, which would raise their taxes by an average of $3,700.
—A variety of smaller taxes cuts for both businesses and individuals collectively known as tax "extenders" in Washington-speak. They include a tax credit for research and development and a deduction for sales taxes in states that don't have an income tax.
http://news.msn.com/politics/fiscal-cliff-combines-tax-hikes-spending-cuts?ocid=ansnews11
It's a one-two punch of expiring Bush-era tax cuts and major across-the-board spending cuts to the Pentagon and domestic programs that could total $800 billion next year, based on Congressional Budget Office estimates.
The cliff is the punishment for previous failures of a bitterly-divided Congress and White House to deal with the government's spiraling debt or overhaul its unwieldy tax code.
The largest component of the cliff comes with the expiration of tax cuts enacted in 2001 and 2003 and extended two years ago in the wake of President Barack Obama's drubbing in the 2010 midterm elections.
It also includes sharp spending cuts imposed as a consequence of the failure of last year's deficit-reduction supercommittee" to reach agreement. There are other elements, chiefly a 2 percentage point cut in payroll taxes orchestrated by Obama and unemployment benefits for the long-term jobless that would disappear.
Specifically, the fiscal cliff includes:
—The expiration of Bush-era tax cuts on income, investments, married couples and families with children and inheritances.
—A $55 billion, 9 percent cut in defense spending next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.
—The expiration of unemployment benefits for the long-term jobless and a sharp cut in reimbursements for doctors participating in Medicare.
—The expiration of Obama's temporary 2 percentage point cut in payroll taxes.
—The imposition of the alternative minimum tax on some 26 million households, which would raise their taxes by an average of $3,700.
—A variety of smaller taxes cuts for both businesses and individuals collectively known as tax "extenders" in Washington-speak. They include a tax credit for research and development and a deduction for sales taxes in states that don't have an income tax.
http://news.msn.com/politics/fiscal-cliff-combines-tax-hikes-spending-cuts?ocid=ansnews11
Busybody
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yes
IvanTHEclown
The answer is still YES
and the shorter reason to my previous post
is
AMERICA AS SEEN BY EUROPE: The Next Greece.
Busybody
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COMPANIES PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
--------------------------------------------------------------------------------
RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...
Utah company fires 100, blames Obama...
CEO reads prayer to staff, announces layoffs...
--------------------------------------------------------------------------------
RECORD 70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...
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Busybody
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Have no fear, the THUGS will go after all these companies
The Obamacare Layoffs Begin . . .
By Jillian Kay Melchior
November 9, 2012 12:25 P.M.
The Obama health-care law’s adverse effects on employment are no secret. But it’s one thing to look at the economics, and it’s quite another to hear it firsthand from a small-business owner who’s being forced into an untenable position.
Yesterday, a Las Vegas business owner fired 22 of his 144 employees, phoning in anonymously to a local radio host and explaining how the decision was directly caused by President Obama’s reelection.
The interview is articulate and nuanced, worth listening to in its entirety. But here’s the jist of it, in the poor guy’s own words:
I have always put my employees first. I always made sure that when I went without a paycheck that made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.
I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.
Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way.
Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen.
I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months.
I wish this employer had used his full name, but in an era where entrepreneurship is punished and success is resented by a large swathe of the population, can you blame him for being nervous?
That said, this Las Vegas employer is right in guessing he’s not alone
The Obamacare Layoffs Begin . . .
By Jillian Kay Melchior
November 9, 2012 12:25 P.M.
The Obama health-care law’s adverse effects on employment are no secret. But it’s one thing to look at the economics, and it’s quite another to hear it firsthand from a small-business owner who’s being forced into an untenable position.
Yesterday, a Las Vegas business owner fired 22 of his 144 employees, phoning in anonymously to a local radio host and explaining how the decision was directly caused by President Obama’s reelection.
The interview is articulate and nuanced, worth listening to in its entirety. But here’s the jist of it, in the poor guy’s own words:
I have always put my employees first. I always made sure that when I went without a paycheck that made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.
I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.
Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way.
Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen.
I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months.
I wish this employer had used his full name, but in an era where entrepreneurship is punished and success is resented by a large swathe of the population, can you blame him for being nervous?
That said, this Las Vegas employer is right in guessing he’s not alone
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Busybody
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You can be certain of TWO things
1-The THUGS will threaten and WORSE against these companies
2-The list will GROW
How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?
Comments (569)
Editor’s note: We’ll be discussing this story and all the day’s political news on our live BlazeCast at 1:30pm ET:
Do elections have consequences? If you have been paying attention to the financial markets, you might think so. Wall Street has had two horrible days since President Obama won a second term.
However, stock prices are not the only thing taking a hit. It appears that the job market is also suffering. In the last 48 hours, the following major corporations have announced layoffs in America (links take you to news stories about the layoffs – with details from the companies):
• Energizer -
The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
• Exide Technologies -
Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and laying off 150 workers, effective no later than March 31.
• Westinghouse -
Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees.
• Research in Motion Limited -
Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
.
• Lightyear Network Solutions -
More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
• Providence Journal -
The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
• Hawker Beechcraft -
The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
• Boeing (30% of their management staff) -
Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.
• CVPH Medical Center -
CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” a press release said.
• US Cellular -
The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.
• Momentive Performance Materials -
About 150 workers at Sistersville’s Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.
• Rocketdyne -
About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.
• Brake Parts -
The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late December…The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013
• Vestas Wind Systems -
Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.
• Husqvarna -
Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.
• Center for Hospice New York -
The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.
• Bristol-Meyers -
Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.
• OCE North America -
Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.
• Darden Restaurants -
The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.
• West Ridge Mine -
In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.
• United Blood Services Gulf -
United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.
A layoff is tough enough for employees to deal with, imagine hearing the crushing news that your office is shutting down just before Thanksgiving and Christmas… Here are some of the business closings that were announced in just the past two days:
1-The THUGS will threaten and WORSE against these companies
2-The list will GROW
How Many Businesses Have Announced Closings or Layoffs Since Obama Won A Second Term?
Comments (569)
Editor’s note: We’ll be discussing this story and all the day’s political news on our live BlazeCast at 1:30pm ET:
Do elections have consequences? If you have been paying attention to the financial markets, you might think so. Wall Street has had two horrible days since President Obama won a second term.
However, stock prices are not the only thing taking a hit. It appears that the job market is also suffering. In the last 48 hours, the following major corporations have announced layoffs in America (links take you to news stories about the layoffs – with details from the companies):
• Energizer -
The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
• Exide Technologies -
Exide Technologies announced Thursday that it will be idling its lead-recycling operations in Laureldale and laying off 150 workers, effective no later than March 31.
• Westinghouse -
Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees.
• Research in Motion Limited -
Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
.
• Lightyear Network Solutions -
More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
• Providence Journal -
The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
• Hawker Beechcraft -
The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
• Boeing (30% of their management staff) -
Boeing Co. said Wednesday it plans to employ 30% fewer executives at its Boeing Defense, Space & Security unit by the end of 2012 compared to 2010 levels.
• CVPH Medical Center -
CVPH Medical Center has handed pink slips to 17 employees. The layoffs — nine in management and eight hourly staffers — are part of an effort to “help bolster the hospital’s financial position in 2013 and beyond,” a press release said.
• US Cellular -
The move will result in 980 job cuts at U.S. Cellular, with 640 in the Chicago area, according to a spokeswoman. The cuts are slightly under 12 percent of the approximately 8,400 total employees U.S. Cellular had at the end of the third quarter.
• Momentive Performance Materials -
About 150 workers at Sistersville’s Momentive Performance Materials plant will be temporarily laid off later this month, officials said this week.
• Rocketdyne -
About 100 employees at Pratt & Whitney Rocketdyne, most of whom work in the San Fernando Valley, were laid off Wednesday in response to dwindling government spending on space exploration, the company said. The layoffs were effective immediately, and 75 percent of them came at the facilities on Canoga and De Soto avenues, which employ about 1,100 people. The company has six sites across the Valley.
• Brake Parts -
The leader of an automotive parts plant in Lincoln County has told state officials that there are plans to lay off 75 workers starting in late December…The layoffs are expected to start Dec. 28 and continue in the first quarter of 2013
• Vestas Wind Systems -
Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years.
• Husqvarna -
Husqvarna AB (HUSQB), the world’s biggest maker of powered garden tools, plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.
• Center for Hospice New York -
The Center for Hospice and Palliative Care plans to temporarily lay off as many as 40 employees next year as it embarks on a major renovation of the inpatient unit at its Cheektowaga campus.
• Bristol-Meyers -
Bristol-Myers Squibb is following up its lackluster third-quarter results with almost 480 layoffs. As Pharmalot reports, the company notified the New Jersey government that it would scale back in Plainsboro, which means the cuts will hit its sales operations.
• OCE North America -
Trumbull printer- and scanning-equipment provider Oce North America, Inc. will lay off 135 workers in three Connecticut communities, including East Hartford, according to its notice with the state Labor Department.
• Darden Restaurants -
The company, which was among those who had received an Obamacare waiver in the past, is looking to limit workers to 28 hours per week. A full time employee that is required to have health insurance (lest the employer pay a fine) works 30 hours per week, as defined by the Obamacare law.
• West Ridge Mine -
In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014″ and for drastically reducing the market for coal.
• United Blood Services Gulf -
United Blood Services Gulf South region, the non-profit blood service provider for much of south Louisiana and Mississippi, will lay off approximately 10 percent of its workforce. It was a hard decision to make according to Susan Begnaud, Regional Center Director for the Gulf South region.
A layoff is tough enough for employees to deal with, imagine hearing the crushing news that your office is shutting down just before Thanksgiving and Christmas… Here are some of the business closings that were announced in just the past two days:
mercury14
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Obama's speech, same old shit. The House must sign on to the Democrat position already crafted by the Senate.
He claimed a mandate to tax the rich he didn't have.
He claimed a mandate for compromise he didn't have.
The election did not tell Republicans in the House to surrender their beliefs and assume the Democrat position.
More bullshit, he received no "mandate.".
Republicans also said Obama didn't have a mandate in 2008 when the Democrats took the presidency, 20-something seats in the House, and eight Senate seats total 60. If having the oval office and a congressional super-majority wasn't a mandate, what do you think is?
mercury14
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So now we're blaming any post-election layoffs on Obama? Even though they were all in the works for more than just the three days?
I love it. Shitty ass Research in Motion whose Blackberry product failed in the free market against the iPhone and Android products is downsizing. Clearly it's Obama's fault that their product is inferior. He made their engineers design things people don't want to buy. If Romney won, he'd force RIM to make a better Blackberry!
I love it. Shitty ass Research in Motion whose Blackberry product failed in the free market against the iPhone and Android products is downsizing. Clearly it's Obama's fault that their product is inferior. He made their engineers design things people don't want to buy. If Romney won, he'd force RIM to make a better Blackberry!
Last edited:
Busybody
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they waited till AFTER elections cause they HOPED Romney would win and they wouldnt have to lay peeps off
we have been saying this for 2 yrs, and you have acted like the usual way you do....like as ASSHOLE
and stop the shit with RIMM, they are ONE of ever increasing numbers
Busybody
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they waited till AFTER elections cause they HOPED Romney would win and they wouldnt have to lay peeps off
we have been saying this for 2 yrs, and you have acted like the usual way you do....like as ASSHOLE
and stop the shit with RIMM, they are ONE of ever increasing numbers
yes
they were IN THE WORKS
since
OBAMA(un)CARE passed
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What you weren't told is that Boeing also said that its layoffs would have happened regardless of the $1.2T, automatic defense budget cuts set to go into effect early next year.
Google for yourself and learn.
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Beco
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Thats just the tip of it brother.....wait for Lockheed, et al
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