All The King’s Men Can’t Put Humpty Dumpty Back Together Again

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Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors.

_ Paul Singer’s letter to investors

Then there is this from David Stockman:

…  since the turn of the century, the working age population has grown from 212 million to nearly 250 million, but out of that potential 38 million gain, there has been only an 8.7 million pick-up in the headline payroll count. And even that dismal 22% ratio is flattered by the fact that, as demonstrated below, a growing share of the headline print consists of low wage, part-time jobs, and many of them represent multiple paychecks to the same person.

 

Fifteen years of steady decline in the number of jobs and in the quality of jobs that have been generated. Yet, the central planners tell us everything is improving. That means we can expect the central planners to continue doing more of the same.

A frequent visitor to Asylum Watch from the far left had this comment on a recent post about the trend of technology replacing large segments of the workforce. He will go unnamed to protect the guilty. Let’s call him Mr. X.

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I think we focus too much on everyone having “jobs.” Isn’t raising a child or children valuable? Isn’t that work? Isn’t that a job? What about educating yourself? Instead of profiteering from people who want to be educated, wouldn’t it be better if more people were educated, if more people had the skills to come up with new things and new ways of doing things?

The Protestant Work Ethic was always nothing more than a way to subjugate the working class. “Work” in and of itself does nothing for your soul, yourself, or anyone else. Accomplishing something is what’s important.

I fear Mr. X comes closer to representing a majority in America than I do. One thing is for sure. Those that arranged Humpty Dumpty’s fall love people like Mr. X.

So, you can expect the next fifteen years to be like the last fifteen years _ or worse.

Well, that’s what I’m thinking. What are your thoughts?

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Foreign-Born Job-Holders Break 25 MILLION…

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Hat/Tip to WeaselZippers and Ali Meyer at CNS News.

The “Global President” strikes again…

Another amazing Obama record!

Via CNS News:

(CNSNews.com) – The number of foreign-born individuals holding jobs in the United States hit a record high of 25,019,000 in September, according to data from the Bureau of Labor Statistics (BLS).
The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007. The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally.

“The foreign born are those who reside in the United States but who were born outside the country or one of its outlying areas to parents who were not U.S. citizens,” the BLS explains. “The foreign born include legally-admitted immigrants, refugees, temporary residents such as students and temporary workers, and undocumented immigrants. The survey data, however, do not separately identify the numbers of persons in these categories.”

Read the full story here.

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Seattle Socialist Party Wants $20 per hour Minimum Wage, Offers $13 per hour for Website Manager

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Hat/Tip to Eric Owens at The Daily Caller.

 Obama’s economy continues to bring Hope and Change to Americans of all ages and income brackets. Well, to be more specifi, the lower income brackets get the Hope and the very rich continue to keep the Change.

 The economy is stagnant — so stagnant that over 35 percent of all Americans have been reported to a collection agency for bad debt and The Washington Post has advised newly-minted college graduates to give up hope and go live in their parents’ basements.

However, The Daily Caller never dreamed it would come to this: A socialist party that wants to raise the federal minimum wage to $20 per hour is currently advertising a job for an experienced web developer paying $13 per hour.

The party is the Freedom Socialist Party, which, impressively, owns the rights to the domain name Socialism.com.

It seems the Freedom Socialist Party advocates for, “an increase in the minimum wage “to $20 an hour” for all employees in all jobs“, just not the ones they pay the wages for…

This month, the Freedom Socialist Party placed an ad on both Indeed.com and Craigslist seeking a part-time web content manager in Seattle. The job pays $13 per hour (or more, maybe, if you are really good).

In 2012, the Freedom Socialist Party’s national platform championed “full employment” — not part-time — and an increase in the minimum wage “to $20 an hour” for all employees in all jobs.

If you are interested in applying for the $13-per-hour web content manager job, it won’t be easy. For starters, you’ll need to be “familiarity with HTML/CSS” and Photoshop. The latter is a graphics editor developed by Adobe Systems, an $18 billion private company. You’ll also need “ability to self-manage and problem-solve independently.” Proficiency in Spanish and social media as well as “an interest in ongoing political events” are desirable. And absolutely no telecommuting!

So evidently they want everyone else to be employed full time at 20 bucks an hour – just not THEIR employees…

In case the Freedom Socialist Party yanks its ad, here’s a screenshot as it appeared on Indeed.com:

Indeed-Freedom-Socialist-Party-screenshot-e1413556503805

Read the full story here.

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The Left Hates Teenagers

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Common sense tells us that if something becomes more expensive, less of it is consumed. And, if that something happens to minimum wage workers, the same is true.

A few days after Labor Day American Thinker ran a post titled Fast food strikers: meet your replacement robot. The article reported on how the far left SEIU had organized protests for raising the minimum wage to $15 per hour in several cities across America. Most of the protests took place near fast food restaurants. Many of the protestors were arrested for blocking traffic. The author  believes that these protests by striking fast food workers and others were designed as a ” propaganda exercise aimed at fomenting anger that could turn into voting for Democrats in November.”

Okay. This is  nothing new. What was  interesting is what the author reported next:

Meanwhile, with perfect timing, a company called Momentum Machines debuted a hamburger-making robot…

{…}

Dylan Love of Business Insider:

The company’s robot can “slice toppings like tomatoes and pickles immediately before it places the slice onto your burger, giving you the freshest burger possible.” The robot is “more consistent, more sanitary, and can produce ~360 hamburgers per hour.” That’s one burger every 10 seconds.

The next generation of the device will offer “custom meat grinds for every single customer. Want a patty with 1/3 pork and 2/3 bison ground to order? No problem.”

Momentum Machines cofounder Alexandros Vardakostas told Xconomy his “device isn’t meant to make employees more efficient. It’s meant to completely obviate them.”

So, if the fast food industry decides to install these types of robots, it will result in the loss of one of the few opportunities teenagers of getting a job. The SEIU could care less about teenage unemployment. They are not really interested in minimum wage workers. Their interest clearly lays with their higher paid union members. It’s common for their contracts to have a clause that requires the employers to raise all wages every time the government passes a law increasing the minimum wage. This is true even where the employer has no minimum wage positions in their work force.

So, you parents of teenagers are just going to have to work harder so you can give your sons and daughters a bigger allowance and you may want to think about fixing up that attic over the garage because it may be years before your children will be able to leave the nest.

Well, that’s what I’m thinking. What are your thoughts?

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Nearly 25 Million Foreign-Born Hold US Jobs

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Hat/Tip to Ali Meyer at CNSNews.

Thanks to the Obama economic policies, we have rampant and epidemic unemployment in this country and what does our President want to do? He wants to INCREASE the number of folks looking for work by legalizing millions and millions of illegals. As it stands now, already nearly 25 million of them have taken American jobs.

The number of foreign-born individuals holding jobs in the United States hit a recorded high of 24,639,000 in August, according to data from the Bureau of Labor Statistics (BLS). The BLS has been tracking the number of foreign-born workers annually since 2005 and monthly since 2007.

The BLS does not distinguish between foreign-born individuals who are in the United States legally and those who are here illegally.

“The foreign born are those who reside in the United States but who were born outside the country or one of its outlying areas to parents who were not U.S. citizens,” the BLS explains. “The foreign born include legally-admitted immigrants, refugees, temporary residents such as students and temporary workers, and undocumented immigrants. The survey data, however, do not separately identify the numbers of persons in these categories.”

 

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The 24,639,000 foreign-born workers who held jobs in the United States in August was up 557,000 from July, when 24,082,000 foreign-born workers held jobs. These are non-seasonally adjusted numbers.

Read the full story here.

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What Would a $15 a Hour Minimum Wage Cause: Higher Prices vs. Robots

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The effort to provide millions of workers with a living wage put millions of workers out of a job, the SEIU Communist Party is leading protests against fast food joints all over the US.  Their demand is a $15 a hour minimum wage.  As usual, the SEIU Communists, being ignorant of how businesses actually work, fail to recognize the consequences of their actions; like higher prices…

Fight for 15

The Service Employees International Union (SEIU) has launched an expensive PR campaign calling for wages of at least $15 an hour in the fast-food industry. This Fight for 15 is part of a larger SEIU pressure campaign to unionize fast-food restaurants.[1] Hundreds of union activists have staged “walkouts” and protests across the country demanding the higher pay rate. These protests have attracted considerable media attention. However, if the SEIU achieved its stated goal, it would hurt the budgets of millions of moderate-income Americans.

No, Fast-Food Joints Cannot Absorb Cost Increases

Artificially inflating wages would substantially increase fast-food restaurants’ total costs—labor makes up a considerable portion of their budget. Chart 1 shows the financial statements of the average fast-food restaurant in 2013. Labor costs (26 percent) and food and material costs (31 percent) make up the majority of the typical restaurant budget.

The Bureau of Labor Statistics reports the average cook in a fast-food restaurant earned $9.04 an hour in 2013.[2] The SEIU’s push for $15 an hour would consequently raise fast-food wages by at least 66 percent. Paying $15 an hour would raise fast-food restaurants’ total costs by approximately 15 percent.[3]

Fast-food restaurants could not pay this additional amount out of their profits. The typical restaurant has a profit margin of just 3 percent before taxes.[4] That works out to approximately $27,000 a year[5]—less than the annual cost of hiring one full-time employee at $15 an hour.[6] In order to raise wages, fast-food restaurants must raise prices.

Total Economic Effects

The Heritage Foundation constructed a simulation model using the data on the average fast-food restaurant’s income and expenses. (See Chart 1.) This model accounts for the sales that fast-food restaurants lose when they raise prices. (See the appendix for details of this model.) Chart 2 shows the effects of a $15-an-hour minimum wage on the fast-food industry.

The higher labor costs would initially force fast-food restaurants to raise their prices by 15 percent, which would drive down sales by 14 percent. This would force restaurants to raise prices again, pushing sales down further. In equilibrium the average fast-food restaurant would have to raise prices 38 percent.[10] Prices would rise roughly twice as much as the initial increase in labor costs.[11] Total sales and hours worked would both fall by 36 percent. Fast-food restaurant owners would also have to accept a 77 percent reduction in profits in order to stay in business—leaving them with an average profit of just $6,100 a year per store. Otherwise they would have to raise prices to an extent that would drive away their customer base.

You can see the rest over at Heritage.  It is well reference and researched.  And, since it is fact based, it will be attacked by regressives, who hate nothing more than when their shameless rhetoric is shredded by reality.

I covered this before, but our old friend Snarky posted the following link on Facebook…

Here’s a schematic of what the burger-bot looks like and how it works. It occupies 24 square feet, so it’s much smaller than most assembly-line fast-food operations. It boasts “gourmet cooking methods never before used in a fast food restaurant” and will even deposit your completed burger into a bag. It’s a veritable Gutenberg printing press for hamburgers.

So, when faced with the prospective of going out of business, or ordering a robot, which do you think they will pick?
And, when hundreds of thousands of people are out of work because they fell for the SEIU’s snake oil, who will be blamed?
Bush, probably!
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Coal Miner Gives Heartfelt Testimony Regarding Obama’s EPA Policies

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Obama promised that he would put coal fired power plants out of business.  Obama promised that his policies would make make electric bills “skyrocket.”  As we face potential energy shortages and even possible brownouts/blackouts due to Obama’s policies, coal miners are looking forward to a bleak future as well.  Here is video of a miner making a rather humble and heartfelt comment a a public hearing.

 


When Obama kills the industry that uses much of the coal mined, it puts the coal miners in a precarious position. But, of course, the Obama administration doesn’t care a bit about the miners, other than the fact that it drives more and more of them into dependency on the government.  I do have to ask some questions though…

Did the United Mine Workers Union endorse Obama?

Did the United Mine Workers give campaign dollars to the democrats that support Obama’s job killing policies?

And now, they’re going to take Obama to task for doing what he promised to do in the first place?

And, come to think of it, why does Obama only keep promises that wreck people’s lives?

I know, the typical leftist, having no facts in his or her arsenal, will resort to insults, but in the meantime, they’ll put this man out of work, impoverish his family, and blame it on someone else-probably Bush.

And the sheeple will bleat compliantly.

I can only hope that more and more people wake up to this, but previous experience tells me that it’s wishful thinking.

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The illusion of a recovery: Unemployment drops as part-time work explodes

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Recovery Summer Episode VI, Revenge of the Part-Timers.

In the new landscape of the American labor market, jobs are easier to come by but hours remain in short supply.

New government data released Thursday showed the economy added 288,000 jobs in June — the fifth straight month gains have topped the critical benchmark of 200,000. The unemployment rate fell to 6.1 percent, down more than a percentage point over the past year.

But there’s a gnawing fear among some economists that the improving data provides false comfort. The number of people in part-time jobs jumped by more than 1 million in June to 27 million, according to the government’s data, making it one of the corners of the labor market that has been slowest to heal. That has led to worries that the workforce may be becoming permanently polarized, with part-timers stuck on one side and full-time workers on the other.

“What we’re seeing is a growing trend of low-quality part-time jobs,” said Carrie Gleason, director of the Fair Work Week Initiative, which is pushing for labor reforms. “It’s creating this massive unproductive workforce that is unable to productively engage in their lives or in the economy.”

The spike in part-time work since the recession has been largely involuntary. These workers may have had their hours cut or are unable to find full-time jobs, earning them the official designation of “part-time for economic reasons.” In June, their ranks swelled by 275,000 to 7.5 million. In 2007, 4.4 million people fell into this category.

So the good news, if you’re an Obamabot, is the economy added 288,000 new jobs last month. The Real News though is that 275,000 of those jobs are part-time.

Hope and change!

And then there are the drop-outs; folks who’ve given up on ever finding a job, even a “low-quality part-time” job.

The US unemployment rate dropped to 6.1% in June the lowest level since September 2008.

However the number of people not in the labor force also rose to a fresh record high of 92,120,000 up 111,000 since June.

In fact, there are more than 7 million fewer people in the workforce than when Obama took office. Add them back in to the mix and the unemployment rate tops out at over 12 percent.

All of this should come as no surprise, unless you’re living in a bubble.

When you raise taxes dramatically and roll out tons of burdensome regulations, a contracting economy is only a surprise if you’re an idiot. Or a member of this Administration and the press. But I repeat myself.

Sadly this Administration envisions no changes to its disruptive policies. Because they can’t, or won’t, admit they’re wrong. So, as long as they keep shoving in the same inputs, we’ll keep seeing the same abysmal outputs.

In other words, the beatings will continue until morale improves.

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George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

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When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each.

As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a recession that began at the end gwbushof Clinton’s tenure in the Oval Office. The 2001 Economic Growth and Recovery Tax Act was Bush’s version of Obama’s stimulus plan. But instead of subsidizing a vast expansion of government and creating a lot of temporary government jobs, it cut tax rates increased the standard deduction for married folks, increased the child tax credit and increased contribution caps for a bunch of different savings programs.

And what did that do?

According to the National Center for Policy Analysis, the recession ended in November ’01. Of course 9/11 hit and the economy slowed way down again and it was coming back at a very anemic rate. So enter the Jobs Growth Tax Relief Reconciliation Act of 2003. It bolstered the ’01 tax cuts by focusing on dividends and capital gains.

What was the result this time?

Those “tax cuts for the rich” enabled the rich to pay MORE taxes in 2005 than they did any time in the previous two decades. You read that right, more than in the prior 20 years. In fact, the Wall Street Journal reported that those Bush tax cuts showed the richest of the rich – that famed “1%,” went from paying 25% of all income taxes in 1990 to 39% in 2005. The wealthiest 5% went from paying 44% of all income taxes in ’90, to paying a staggering 60% of them in 2005.

Isn’t the left always repeating that they wish the rich would just pay what they’re supposed to? Seems to me, they’d be a big fan of the Bush tax cuts, then. In fact, if you go back farther to 1980 and look at the numbers, with the top marginal tax rate at 70%, the wealthiest 1% paid 19% of all income taxes. Under Bush with the top marginal at 35%, they pay more than double that 19%.

The economy went from being near a standstill at 0.3% growth in 2001 to 2.5% just the next year, and by ’04 GDP was growing at its highest rate in 20 years. Correspondign to this, the unemployment fell to the lowest levels since WWII.

Did you catch that? The Bush tax cuts created the lowest unemployment levels – ever.

But you’ll never hear that in the main stream media, they’re too busy bashing Bush and covering for their ideological leader.

Speaking of President Obama, what exactly are the results of his economic approach?

Well, in November of 2obama finger011  the Congressional Budget Office downgraded its estimate of the benefits of the American Recovery and Reinvestment Act, or the ’09 stimulus spending package. The CBO says that it MIGHT have sustained 700,000 to 3.5 million jobs during it’s peak in 2010, but over the long haul, it is going to be a net drag on the economy.

Then in 2012, the CBO revised that estimate to between a paltry 200,000 and 1.2 million jobs. If we take the very optimistic number of 1.2 million jobs created by the stimulus, then each job cost the taxpayers $692,500.

Fast forward to 2014, and gues what? Looks like the CBO was correct. But what else did they say?

They said that it DID positively affect the economy in the short run, but adding all that extra debt is keeping out private investment and “will reduce output slightly in the long run…”

The Congressinal Budget Office continued to re-evaluate the stimulus every three months, so its estimates for the cost of Obama’s stimulus have varied from 787$ billion to a high of $862 billion. And the CBO has changed its model for the stimulus’ spending’s direct impact on the economy, showing that ARRA did less than first estimated.

Basically, the CBO states that for every dollar of federal spending, it “crowds out” about a third of a dollar of private spending. And this tells us what we all already knew, the best thing that government can do to put Americans back to work and get the economy pumping is to just plain get out of the way.

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Unemployment Down Due to People Getting Jobs, or People Giving up and Dropping out?

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If you believe the Obama administration, or his sycophants in the MSM, the unemployment rate is down because of the President’s exceptional leadership and policies in the face of the racist GOP.  This should not come as a surprise, nor should we be surprised that the unemployment rate is really down due to the fact that so many people have dropped out, and given up on trying to find a job.  The Federalist has more…

According to new data from the Bureau of Labor Statistics (BLS) released this morning, the U.S. economy last month added 74,000 new payroll jobs, while the unemployment rate fell to 6.7 percent from 7.0 percent. Good news, right? Not really.

Yes, the unemployment rate has fallen significantly from its high of 10 percent in October of 2009. But it turns out the unemployment rate has been falling for a pretty depressing reason: people dropping out of the labor force. Last month, 347,000 workers dropped out, effectively sending the message that it wasn’t even worth looking for work anymore.

Here’s what the unemployment rate would look like if the labor force participation rate — basically the number of people in the economy working or looking for work — had remained constant since June of 2009:

Labor Force Dropouts Drive Lower Unemployment Rate (TheFederalist)

So in other words, Obama’s policies suck so horribly, that he’s contracting the labor force itself.  So many people have been unable to find work in Obama’s economy, that the have dropped out entirely. If you are not using unemployment to find a job, you aren’t counted, so the drop is because of dropping out-not getting jobs.

But, the liberals will continue to bleat to the beat drummed by the MSM.

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Thanks for the Great Recovery, Mr. President!

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The biggest problem facing Americans for the last several years is the lack of jobs. Recent surveys have shown that most middle class Americans are worried about hanging on to what they have rather than striving to improve their lot in life. Young Americans are particularly concerned for their futures. But, our fearless leaders in Washington seem to think that the most important issues improving  the rights of gays, improving the rights of illegal immigrants, and reducing our First and Second Amendment rights.

Many times on this page I have talked about graph of workforce participation rate.

Graph of Civilian Labor Force Participation Rate

Since Obama took office, when the so-called recovery began, the workforce participation rate has fallen from 66.3% to 63.3%. That means, depending on which source you look at, that there are between five and six million fewer Americans working today than when the recovery supposedly began. Yet every month the media and the Obama administration tell us how many more private sector jobs have been created. The latest report was that 166.000 more jobs were created in April and the unemployment rate fell 0.1% to 7.5%. What they never want to tell us, however, is that the unemployment figure is improving because so many people have given up looking for work and so they are not counted as being unemployed. And, there is more bad news they are not telling us. They are not telling us that the well paid middle class jobs that were lost are being replaced by low paying part-time jobs.

Louis Woodhill, writing for Real Clear Markets, was not impressed with the latest jobs report, either. In fact he this latest jobs report is signalling that bad times are coming our way. He has been looking at other Bureau of Labor Statistics data from their Household Survey, which are not being touted by this administration or by the media. He found this disturbing bit of information:

Total employment rose by 293,000 during April, but part-time jobs increased by 441,000. As a result, full-time jobs declined by 148,000.

It’s not surprising the BLS Household Survey generates a different jobs number than what the BLS reported from their  Establishment Survey. The two surveys different methodology and each method has its pluses and minuses. What should disturb you is that all of the job gains in April appear to have come from part-time jobs and that we actually lost 148,000 full-time jobs.

Mr. Woodhill goes on to talk about a metric used by the BLS that I wasn’t aware of.  It’s called the Full Time Equivalent jobs (FTE). FTE is calculated as the number of full-time jobs plus fifty percent of part-time jobs. So, if an employer had 100 employees and 50 were working full-time and 50 were working part-time,that employer’s Full Time Equivalent (FTE) jobs would be 75. When the FTE for a nation gets smaller, it means there are fewer people working full-time and more people working part-time. According to Woodhill, the FTE for the US has fallen for each of the last five months, which he says has always meant that a recession is on the way. Are we heading for a bust without having had a boom? Maybe.

Although I find the FTE an interesting metric, I was disappointed that Mr. Woodhill didn’t elaborate on the actual percentage of our workforce that is employed part-time and what are the trends. So, your humble but trusty observer of the asylum went searching through the world-wide-web. I found what I was looking for in a New York Times article from March of last year. The title of the article is: The Rise of Part-Time Work it contains a couple of revealing graphics:

Source: Bureau of Labor Statistics, via Haver Analytics.

It should be alarming that when the recession began the percentage of part-time workers was 16.9% and by December of last year the percentage had climbed to 19.2 %.  And, if what Mr. Woodhill reported is correct, part-time workers are probably about 21% of the workforce today.

The other graph in the NYT articles tells us that many people are working part-time because they have no other option.

Source: Bureau of Labor Statistics, via Haver Analytics.

It appears from the above graph that we have about 7 million people working part-time that want to be working full-time.

So, while the Obama administration and the media are touting growth and an improving recovery, what we really have is fewer people participating in the workforce and growing percentage of those who are participating are only able to find part-time work.

Thanks, Mr. President!

Well, that’s what I’m thinking. What are your thoughts?

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After Over a Century in Business, Oberdorfer Killed by Obama Economy

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It seems that the Obama economy and ObamaCare did in Oberdorfer, a Dewitt, NY foundry, that two world wars, the Great Depression, organized labor, and event he Carter presidency.  It could not, however, survive a second term of Barak Obama.  The Lonely Conservative has the details. 

The “2008 recession” is the recession that never ends.

The unit which started its operation in late 19th century had been a major producer of cylinder heads and other vital military items. Oberdorfer was the specialized manufacturer of complicated aluminium castings for airplane engines.

The company which survived many recessions in its long run, could not withstand the 2008 recession.

With the disastrous fall of the aviation industry, Oberdorfer lost its main client. The cancellation of bulk orders by the aviation companies were but signals of the tough road ahead. Added to this was the huge increase in raw material costs.

Oberdorfer joins the long list of companies that the Obama economy has taken down.

As it has been said many times, elections have consequences.

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More ObamaCare Layoffs: Medical Providers Now Bracing for Impact

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The ObamaCare Layoffs continue to pile up.  In this edition, we see some medical providers that are taking action to stay in business-by laying off workers.  Michelle  Malkin has the details…

The ramping up (or down, depending on how you look at it) for full implementation of Obamacare continues:

In the largest staff reduction in its nearly 100-year history, Orlando Health is cutting up to 400 jobs starting immediately, hospital system officials announced Monday.

The move is part of a broader effort to position the hospital system for the health-care overhaul, CEO Sherrie Sitarik said.

The elimination of jobs will occur in two phases and represents a 2 percent to 3 percent reduction in the system’s 16,000-person work force, said Orlando Health spokeswoman Kena Lewis. The cuts affect all departments and all eight of the system’s hospitals, including Orlando Regional Medical Center and Arnold Palmer Hospital for Children, two of the system’s better-known facilities.
[…]
Such cost-cutting measures are happening across the country. On Wednesday, Wake Forest Baptist Medical Center in North Carolina announced that it would cut 950 jobs by June.

Last month, Louisiana State University announced it would cut 1,495 positions as well as programs across its seven hospitals to trim more than $150 million from its budget.

So it continues.  There will be more ObamaCare layoffs, from all sectors.  And they will number in the thousands, if not hundreds of thousands.  And, of course, they will all be someone else’s fault-at least if you listen to the MSM.

In the end, elections have consequences, and a vote for Obama was a vote for these job losses.

Welcome to Doug Ross and Bad Blue Readers, Thanks!

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Layoff Update: Over 75,000 Lose Their Jobs Since Obama’s Election Day Victory

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Categorize this under “elections have consequences.”  There is news on the layoff front. In the few days since President Obama won his surprising, fraud filled victory, over 75,000 people lost their jobs.  Breitbart has more…

The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the “lowest level in more than four years.” Now, suddenly, the news seems far less rosy.

From the Department of Labor press release this morning:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000.

Some of the new claims, especially in New Jersey, were due to Hurricane Sandy–but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries. 

This was predictable.  Bloggers and other Conservative sources were predicting this for some time prior to the election.  We knew that businesses were holding on to see if Romney would win.  They knew that if Romney won, the ObamaCare would be repealed.  They knew that their taxes wouldn’t be going up, and they knew that a wave of new regulations would be cancelled.  However, since Obama did win, they have to slash hours, jobs, or close altogether. America was warned.  The information was out there.  Even though the media didn;t discuss this before hand, and aren’t talking about it now, people can find it easily.

Elections have consequences.  And on November 6, 2012, people chose to vote themselves out of a job.  There are more coming, sadly, and I’ll continue to discuss it.  Since it doesn’t make Obama look good, You’ll have to read about it here, because the media won’t be covering it soon.

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Layoff Bomb Continues: Social Media Traffic Reflects Grim Job Outlook

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It seems that the layoff bomb continues.  Here is a screencap from Twitchy.

The main article has even more, so check it out.

More and more people are losing their jobs, and it doesn’t appear to be slowing.  The question is, how long before the media covers it, and what spin will they use to cover for the Obama Administration?

NOTE:  The tweets shown above are as is, I can make no claim to their veracity.  It is, after all, the internet.  However, I see little benefit to lying about these things.

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Small Business Owners Explain Why ObamaCare Causes Cuts in Hours and Layoffs

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As the layoffs continue to mount, and the left continues to blame everyone/everything but Obama’s policies, business people continue to attempt to explain the situation.  FOX News has the video.  Why FOX News?  Because the other networks won’t cover it!

Of course, leftists will probably promise to boycott these businesses, and try to put them under.  Because, as we all know, putting all of the workers in the unemployment line is far better than some of them losing their jobs.  As far as I can ascertain, it must be a twist on the normal liberal fairness meme.  You see, if some losing their jobs, and others  not, creates an unfair situation.  The liberal solution?  Make sure none of them have jobs.  Unfairness is therefore vanquished! It’s the liberal way.

H/T:  Gateway Pundit

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Leftist Meme for Layoff Bomb, Anything but Obama’s Policies!

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As the layoff bomb continues, it might be a good idea to take a look at the probable reaction from the left.  For this one, I think it will rather simple.  It’s all going to be variations on the leftist classic…

It’s ALWAYS something or someone else’s fault.  

Remember that no matter what happened in Obama’s first term, it was Bush’s fault?  Or maybe even a tsunami?  Or perhaps ATM machines?  It doesn’t matter how bad the liberals fail, the fault always lies elsewhere.

This is not  new.  The communists made an art form out of it.  Remember this from Yuri Bezmenov?

The Soviet system didn’t work.  Making people slaves on collective farms didn’t work, so being leftists, they had to blame someone else.  Then, they had to explain away the lack of evidence for their claims.  Sounds rather familiar, doesn’t it?

We could also talk about how the Soviet rhetoric about the US reeks of claims about Conservatives by liberals, but that is a post for another day.

So, for right now, the blame will be placed on the owners of the businesses for trying to stay in business. If the layoff bomb continues at a brisk rate, the blame will become more shrill, and there might even be moves to punish business owners.  Only time  will tell, but I’ll be around to cover it.

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Elections Have Consequences: Layoff Roundup

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As we have been focusing, the layoffs seem to be piling up.  Here is a list published last night by The Blaze…

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:

To see even more companies that announced layoffs since the election, visit the Daily Job Cuts page.

Obviously, employers were waiting until the election to make their choices in terms of staffing.  The people made their choice, and now the businesses have to make choices to stay in business.  As always, we’ll be covering the growing list of layoffs due to the election, and at each stage of the process, I will be reminding people that elections have consequences.

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