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| Economy |
| Economy: Post-Election Firings and Layoffs Surge |
| 2012-11-11 |
Many businesses are not even feasible at all in this economic environment. Many small businesses had been holding out hope that somehow this election might turn things around and make it possible for them to keep going, but when Obama won it was kind of like the straw that broke the camel's back.Over 30,000 jobs lost are listed on this page. |
| Posted by:Au Auric |
| #11 Yes, JohnQC. "Most of the comments were calling for a boycott of Applebees--no matter that Applebees are individual franchises usually owned locally". I read that also. Didn't bother to post a comment. Waist of time. Go ahead and boycott and more people will lose their jobs. I wanted to say- and go on welfare like the rest of you. Raise taxes and get lower revenue. When the money is gone, who are you gonna blame. Just have to suck it up. That's what the corperations are doing now and for months ahead of this disaster. |
| Posted by: Dale 2012-11-11 18:16 |
| #10 "They already know how to hide their money, hide their operations " an increasing problem for the US Gov't. as families become cash-starved (due to a decline in real buying power), more people resort to cash transactions. unreported income ... unreported sales. hence tax receipts go into a steady decline. |
| Posted by: Raider 2012-11-11 16:46 |
| #9 Actual commerce will be gray and black market... Dope dealers and moonshiners will prosper. They already know how to hide their money, hide their operations and fly below the radar. |
| Posted by: Abu Uluque 2012-11-11 15:03 |
| #8 Actual commerce will be gray and black market. Some of that going on now where it is possible. |
| Posted by: JohnQC 2012-11-11 12:58 |
| #7 "Owners pouting and taking vengeance because they lost" it's more practical than that. it's the same reason that the Dow Jones has been dropping. People don't realize the profound impact that the oncoming Fiscal Cliff is having on business planning. Everything related to the defense industry has been more-or-less frozen for most of this year. Many other businesses that get follow-on orders are also frozen. Hiring is practically non-existent. When Congress sets in motion a future plan that could hike taxes and fire many talented people - the whole country goes on HOLD. With the elction of Obama ... and especially because the whole leadership of the USA is being tight-lipped about this process .. business owners must plan for the worst. It looks very much like a full-fledged recession will hit in 2013. Hence the acceleration of layoffs is perfectly logical. |
| Posted by: Raider 2012-11-11 11:42 |
| #6 Next step will be to take enterprises to court to force them not to lay off. Not too sure what they'll do when the businesses start going belly up. Probably bailouts, followed by some sort of nationalization disguised as co-ops. The point after that will be when people simply stop going into white market business. Actual commerce will be gray and black market. |
| Posted by: Fred 2012-11-11 11:08 |
| #5 liberals start from the assumption that businesses exist to provide great-paying jobs, not to make money. After all, profit is a four-letter word for those who can't do math |
| Posted by: Frank G 2012-11-11 10:53 |
| #4 I'm sorry that people will lose their jobs. I think it was inevitable. Obama is not a business-friendly president. In fact, he knows nothing about business as is evidenced by all his boneheaded decisions regarding "green" jobs and the frittering away of stimulus monies (other peoples money). It does not seem like anyone around him knows much about business. He chose to back (payback) the unions for their help (money and votes). Unions do not create jobs. The GM buyout was not such a great decision. The bondholders got screwed; the unions made out. Obama had better get a better attitude towards business instead of demonizing them. No businesses creating wealth for themselves, employees and others; no economy. There is so much uncertainty in this economy that it makes any planning extremely difficult. It ends up that they plan for the worst case rather than for a healthy growing economy. Business and the marketplace is not stupid. I read some of the comments over at Drudge in response to Applebee's potential layoffs and they are absolutely uninformed, reactive, and stupid. Most of the comments were calling for a boycott of Applebees--no matter that Applebees are individual franchises usually owned locally. |
| Posted by: JohnQC 2012-11-11 09:37 |
| #3 Procopius, at least half the voters can't do that math - and I have serious doubts about most of the rest. |
| Posted by: Glenmore 2012-11-11 08:53 |
| #2 ...who can't do simple math. When it costs 'x' to provide a service or make a product and 'y' is the return on that effort, if x>y then [unlike government] the company goes out of business. If government makes rules that mean 'x' raises beyond 'y', the company goes out of business. Their only alternative to stay in business is to reduce 'x' which usually is done by reducing expenses associated with costs. In this case the associated cost per employee that has been government mandated/taxed to raise early next year. |
| Posted by: Procopius2k 2012-11-11 08:45 |
| #1 Owners pouting and taking vengeance because they lost. Just proves Republicans are meanies who don't care about the workers. I wish I was being sarcastic but I have seen this stated by more than one liberal. |
| Posted by: Glenmore 2012-11-11 08:33 |