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The Fallout Has Begun…

11 November 2012 @ 19:04

Welcome to the societal version of Nuclear Winter…

William Jacobson is worth quoting in full:

This Is What Fear Of The State Looks Like

When companies self-censor to wait until the days after the election to announce major layoffs.

Via commenter conservativegram in the Tip Line:

As Drudge would say-”Own it!”

“Nextel to cut 20% of jobs at Virginia headquarters”

In Past 48 hrs, following companies announded layoffs: Caterpillar, CVPH Medical Center, Lightyear Haqwker Beechcraft, Westinghouse, Research in Motion, US Cellular, Commerzbank, Iberia, ING, Ericsson, Bristol-Myers, Corning, Boston Scientific, Abbott Labs and St. Jude.

Pepsi looking to layoff 4,000 workers

Energizer Holdings Inc. will reduce its global workforce by more than 10 percent — or about 1,500 employees — as the company closes three manufacturing plants and streamlines other operations.”

“As Twitchy reported in September, the Obama administration made moves to encourage defense contractors to delay layoff announcements until after the election, offering to reimburse contractors for any legal costs incurred in not informing their affected employees. Lockheed Martin seemingly took the offer, and today, Boeing announced it would be cutting 30 percent of management positions.”

And, of course—–”Unexpectedly: Stocks Suffer Heavy Losses Second Straight Day After Election;Analysts Baffled”

The Blaze has a list of post-election announcements for companies large and small.  This is just PART of the list, it is much longer:

Is there any doubt that many of these announcements, at least for the larger companies, were delayed out of fear of retribution from the Obama administration?

The same administration which has bullied defense contractors into not complying with the WARN Act prior to the election.  Message sent and received.

Self-censorship is the end result of fear of the State.

One of the commentators over at Legal Insurrection, bnolsen, has posted this analysis:

This was logical. I wonder if any/many of you understand business here. Our future plans depended on the outcome of this election. If Romney got elected we were ready to pull the trigger and prepare for possible expansion of US business. If Obama were elected we would hunker down and try to just survive on what we could and go forward with our international business.

Any management staff worth anything would have already had two plans in action ready for post election. The good ones just pulled the trigger now instead of dragging it out for themselves and their employees.

Mike Hendrix, over at Cold Fury, writes [tip of the fedora to him for the LI post]:

…Bad as all this is, it’s but the tip of the iceberg, folks, as the darkness descends fully and permanently on a once-great nation. May the Moron Majority have joy of their tin God and all his mighty works.

One Quibble, Mike: I would replace ‘tin God’ with ‘Golden Calf’.

14 Comments leave one →
  1. M. Thompson permalink
    11 November 2012 @ 19:10 19:10

    Bloody MSM. Couldn’t let the truth get in the way of a good story.

  2. 11 November 2012 @ 19:37 19:37

    Ummmnnnhhhhh…..

    Yes, but.

    Some of those closings/curtailments are not really related to Obozo and all his pomps and works. Energizer is producing products which are virtually obsolete. Cat took advantage of excess capacity in Milwaukee–they have some, ya’ know. RIM’s been falling off the same cliff (obsolescence) as Energizer for months.

    Seriously….Sentry and Target store closings? SERIOUSLY??

  3. 11 November 2012 @ 19:48 19:48

    Like we couldn’t see all that coming! And much more down the road. Biz are going to let ppl fend for themselves, and offer only PT work w/ no benefits, if any work at all.

    Happy Holiday’s NOT! This is going to be the worst holiday season in history (esp. for me) ever! PS: read your email, I finally got around to answering you. Have a nice nite, Bob.

  4. JMD permalink
    11 November 2012 @ 19:56 19:56

    We live in a very small town and in the last year three businesses have closed. Trust me, we can’t afford for businesses to close. Many more and we will just be a small grease spot in the road. Walmart seems to be doing well. Sigh.

    • 11 November 2012 @ 22:29 22:29

      Walmart will suffer because their customers will suffer. How many people now go to the Dollar Store rather than Walmart?

  5. theebl permalink
    12 November 2012 @ 00:29 00:29

    Why does the golden calf get all the blame? Gold is generally a GOOD idea in hard economic times.

    • 12 November 2012 @ 02:44 02:44

      If I were you, Evi, I’d contact Gloria Allred and have her sue me!

  6. 12 November 2012 @ 10:16 10:16

    You are correct. This is just the beginning. The loony left, of course, will blame it on those greedy CEOs.

  7. 12 November 2012 @ 11:37 11:37

    Tin God, Golden Calf … I’m sticking with Empty Suit. I do like Moron Majority, though.

  8. 12 November 2012 @ 15:51 15:51

    Don’t worry. I’m sure the mainstream press will make sure George Bush gets the blame for this.

    • Rosalie permalink
      12 November 2012 @ 16:32 16:32

      And O’s voters will steadfastly believe them. We can’t win.

  9. 13 November 2012 @ 01:55 01:55

    I’m so sick and tired of the crap that’s going on in this country. However, I believe one of the biggest contributing factors to our country’s economical crisis is Walmart.

    Walmart is so evil, and they were the ones who drove away all of the small Mom and Pop businesses across the US. Most of the merchandise sold at Walmart comes from overseas markets at very low-end prices. So you see, the dollar bill is being funneled right out of this country via the world’s biggest retail bully!!!

    So it’s not only piss poor politics that’s ruining the economical strength and stability of this country, but it’s also our inability to see that we have collectively failed to support the small businesses that sustained the middle-class for multiple generations. People please, lets get back to supporting our “middle-class” businesses! Our future depends on it!!!!!!

    • 13 November 2012 @ 19:31 19:31

      WalMart has done well because of the prices they charge. As real incomes have fallen, WalMart has prospered. WalMart did not used to be the bully it is now, Sam and Bud didn’t put up with it. But, as FedGov has drubbed the country economically, people have migrated to WalMart because they went overseas for their junk. Sam & Bud bought US and still had pretty good prices. It’s just been since the “professional” mangers have taken over that WalMart became evil.

      But, WalMart could not be the evil it is without the support of politicians tearing the country down.

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