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| -Election 2012 |
| KEELEY: Widespread layoffs loom before Election Day |
| 2012-07-19 |
| As the debate about sequestration boils over, the window is fast closing for the congressional action needed to avert across-the-board defense industry layoffs. Time is simply running out for Congress to stave off this blow to the economy. Defense companies doing business with the U.S. government will, by federal law, soon begin handing out hundreds of thousands of layoff notices -- to workers driving computers and folks driving fork lifts and production lines across the nation -- just days before the November elections. In some cases, where dictated by state law, the layoff notices would arrive even sooner. The actual layoffs won't take place until Jan. 2, but the federal WARN Act dictates that companies must notify employees 60 days in advance of potential mass layoffs. Wind the clock back 60 days and it's Nov. 2 -- just four days before Americans go to the polls. This is fact, not speculation. Read the rest .... very interesting Yup. Harry Reid is playing chicken with Republicans while holding the entire US economy hostage. |
| Posted by:AU Auric |
| #2 Let the Blame Games begin. |
| Posted by: Ebbang Uluque6305 2012-07-19 16:02 |
| #1 1. The world will not end. 2. We're bankrupt anyway. 3. It's going to happen, it's just a question of when. 4. Let's make sure every single federal department and independent agency gets the same treatment. |
| Posted by: Procopius2k 2012-07-19 13:19 |