Election Consequences: Man Forced to Lay Off Employees Due to Obamacare

Elections have consequences…

As a result of Obama’s reelection and Obamacare repercussions, a Las Vegas small businessman, who employs 114 workers, was forced to fire 22 workers yesterday. Asking to be identified by his first name only (for obvious reasons), ‘David’ spoke with KXNT radio host Kevin Wall:

(CBS Las Vegas)…

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] 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. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”

Click on the image below to hear more of David’s compelling phone call (Click ‘back arrow’ to return to MRC):


  • Yesterday, after news of Obama’s reelection, the stock market fell over 300 points. (The debt crisis is starting to affect EU stalwart – Germany.):
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  • Obama Wants Secty of BUSINESS? USA Needs BUSINESSMAN Mitt Romney!

    President Obama recently stated, if reelected, he might rustle up a Secretary of Business.

    Why?

    Because, when it comes to business, Obama is LOST.

    Plus, tossing out that new position to the masses is a two-fer for Obama. He thinks it makes him sound smart and hopes it assuages the electorate’s fear about him right now – that he doesn’t know what he’s doing.

    Obama’s out-to-lunch-on-business evidence: His colossal mountain of national debt is proof. America’s pitiful downgraded credit rating is proof. His ‘shovel-ready‘ projects, er, lack thereof, is proof. His weak economy is proof. The number of desperate Americans standing in unemployment lines is proof. Americans working part-time when they fiercely need a full-time job is proof. Those who have given up – just stopped looking for a job is proof. Declining, downward middle class incomes is proof. The sad number of Americans descended into poverty is proof. The woeful number of Americans on welfare is proof. The atrocious number of U.S. citizens surviving on food stamps is proof. Swelling disability rolls are proof. His take-over socialization of health care is proof. His trade policies are proof. Onerous job-impeding federal regulations are proof. His auto bailout is proof. His squandered “stimulus” of $787 billion which America’s children and grandchildren will be forced to pay back is proof. His nix-on-anything beneath-the-ground energy policy is proof. (Federal oil drilling permits down 36%! War on coal! No Keystone pipeline! High gasoline prices! And, with the October bankruptcy of Satcon Technology Corp as many as 50 Obama-backed green energy companies have gone belly up or are wobbling!) His hoped-for tax policy is proof. His aversion to numbers, e.g., a federal budget, is proof.

    Obama’s badgering, big government beliefs are bad for America. When it comes to business, our outsourcer President is agonizingly, hair-pullingly, head-bangingly daft. That’s why he’s dangling the idea of adding another bureaucrat and bureaucracy if he finagles another four.

    Team Romney has released a fantastic new ad. We’ve only got five days, people. Let’s SHARE it!


    Barack Obama recently said he might appoint a Secretary of Business.

    His solution to everything is to add another bureaucrat.

    Mitt Romney understands business and knows what it will take to create jobs and get our economy moving again.

    He’s done it before.

    He’ll do it again.

    At this crucial, decisive time, America must have a president who UNDERSTANDS business.

    America needs Mitt Romney.

    UPDATE – Paul Ryan’s remarks on Obama at Greeley, Colorado today (November 1, 2012):

    “He can’t run on the broken promises. He can’t run on the trillion-dollar deficits each and every year. But he did come up with a new idea the other day. He’s got a new idea for the second term, and here’s what it is. In addition to all the borrowing and all the spending and all the money printing and all the regulating, he wants a new Cabinet position. He wants to create a new secretary of business. You know, we already have a secretary of business. It’s actually called the Secretary of Commerce. That’s what this agency does. Let me ask you a question. Can anybody name our current Secretary of Commerce? You know why? We don’t have one. It’s been vacant for over four months, and the president hasn’t even proposed or put somebody in the job. We don’t need another bureaucrat or another bureaucracy.”



    Follow Jayde Wyatt on Twitter @YayforSummer

    Romney’s NEW OP-ED: What I Learned at Bain Capital

    Mitt Romney at Bain

    Romney Economics! Investing in Companies and Creating Jobs.

    The original may be found on yesterday’s Wall Street Journal editorial page.

    The back-to-school season is here, and as parents take their children to shop for school supplies, I suspect that many of them will be visiting a Staples store. I’m very familiar with those stores because Staples is one of many businesses we helped create and expand at Bain Capital, a firm that my colleagues and I built. The firm succeeded by growing and fixing companies.

    The lessons I learned over my 15 years at Bain Capital were valuable in helping me turn around the 2002 Winter Olympics in Salt Lake City. They also helped me as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7%. The lessons from that time would help me as president to fix our economy, create jobs and get things done in Washington.

    A broad message emerges from my Bain Capital days: A good idea is not enough for a business to succeed. It requires a talented team, a good business plan and capital to execute it. That was true of companies we helped start, like Staples and the Bright Horizons child-care provider, and several of the struggling companies we helped turn around, like the Brookstone retailer and the contact-lens maker Wesley Jessen.

    My presidency would make it easier for entrepreneurs and small businesses to get the investment dollars they need to grow, by reducing and simplifying taxes; replacing Obamacare with real health-care reform that contains costs and improves care; and by stemming the flood of new regulations that are tying small businesses in knots.

    My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America’s middle class.

    I also saw firsthand through these investments how energy costs impact the ability of a business to grow. Today, energy costs are weighing on job creators across America because President Obama has limited energy exploration and restricted development in ways that sap economic performance, curtail growth, and kill jobs. I will take a sensible approach to tapping our energy resources, which will both create jobs and make energy more affordable for every sector of our economy.

    In the 1990s, when the “old-technology” steel industry in the U.S. was failing, Bain Capital helped build a new steel company, Steel Dynamics, which has grown into one of the largest steel producers in America today, holding its own against Chinese producers. The key to its success? State-of-the-art new technology.

    Here are two lessons from the Steel Dynamics story: First, innovation is essential to the competitiveness of U.S. manufacturing. We are the most innovative, entrepreneurial nation in the world. To maintain that lead, we must give people the skills to succeed. My plan for a stronger middle class includes policies to give every family access to great schools and quality teachers, to improve access to higher education, and to attract and retain the best talent from around the world.

    The second lesson is that we must have a level playing field in international trade. As president, I will challenge unfair trade practices that are harming American workers.

    Running a business also brings lessons in tackling challenges. I was on the board of a medical diagnostic-laboratory company, Damon, when a competitor announced that it had settled with the government over a charge of fraudulent Medicare billing. I and fellow Damon outside board members joined together and immediately hired an independent law firm to examine Damon’s own practices.

    The investigation revealed a need to make some changes, which we did. The company, along with several other clinical-laboratory companies, ended up being fined for billing practices. And a Damon manager who was responsible for the fraud went to jail. The experience taught me that when you see a problem, run toward it or it will only get worse.

    That will be my approach to our federal budget problem. I am committed to capping federal spending below 20% of GDP and reducing nondefense discretionary spending by 5%. This will surely result in much wailing and gnashing of teeth in Washington. But a failure of leadership has created our debt crisis, and ducking responsibility will only cripple the economy and smother opportunity for our children and grandchildren.

    I’m not sure Bain Capital could have grown or turned around some of the companies we invested in had we faced today’s anti-business environment. Andy Puzder, the chief executive of CKE Restaurants Inc., which employs about 21,000 people at Carl’s Jr. and Hardee’s restaurants, has said that the “current unfriendly economic environment perhaps best explains why American companies are sitting on over $2 trillion which they could invest.”

    President Obama has piled on excessive regulations, proposed massive tax increases, added more than $5 trillion in federal debt, and failed to address the coming fiscal cliff—all of which is miring our nation in sluggish growth and high unemployment.

    I know what it takes to turn around difficult situations. And I will put that experience to work, to get our economy back on track, create jobs, strengthen the middle class and lay the groundwork for America’s increased competitiveness in the world.

    A few comments from Paul Johnson, if you’ll indulge, about why what Mitt says is so important:

    1. Mitt’s succeeded before. We have some serious problems, but Mitt has displayed an unusual ability to solve difficult issues. From his tenure at Bain, to establishing and turning around other companies, to turning around the Olympics, Mitt Romney knows success and how to replicate it. (more…)

    New Hampshire: Obama Drops By, Romney’s Ad, Open Letter to Delegator-in-Chief, P.S. From NH Leaders

    In advance of President Obama’s campaigning in Manchester, New Hampshire today, the Romney campaign has released an excellent new ad targeting Obama’s economic policies.

    Mitt Romney also penned a cut-to-the-chase open letter to our Delegator-in-Chief. The following letter will appear as a full page advert in three of New Hampshire’s largest newspapers: the Union Leader, Concord Monitor, and the Nashua Telegraph:

    Dear President Obama,

    Welcome to New Hampshire.

    I hope you enjoy your visit. In 49 days, voters here will be going to the polls to choose a Republican nominee to run against you. I would like to lay out for you some of what I will be saying on the campaign trail if I am fortunate enough to become my party’s candidate.

    I would begin by acknowledging that you were dealt a hard hand. You came into office in the midst of an economic crisis that was not of your making. You were asked to face great challenges and to solve difficult problems. The tasks before you would have taxed the abilities of any new president.

    But we now have had three years to watch your policies unfold and to assess their results. The evidence is in and it is unequivocal. I will be blunt. Your policies have failed. It is bad enough that they have fallen short even by the standards your own administration set for itself. But things are much worse than that. Far from bringing the crisis to an end, your policies have actively hindered economic recovery. In some cases, they were the exact opposite of what our government should have been doing.

    You and your advisors sold your economic “stimulus” package to Congress on the basis of a forecast that it would hold unemployment below 8 percent. There is a reason why this projection was wildly off base and that unemployment soared above 10 percent and is now stuck around 9 percent. Your stimulus bill was filled with special interest giveaways, and eased the way for your administration to shovel loan guarantees out the door to politically connected “green” technology firms, some of which are now in bankruptcy, with the taxpayers on the hook for more than $500 million.

    Even where crony capitalism did not get in the way, so many projects were far from “shovel ready” or had absolutely nothing to do with creating jobs. Nearly a trillion dollars of tax dollars was spent, our budget deficit exploded, and some 25 million Americans remain either unemployed, underemployed, or have given up seeking work altogether. You placed a burden of debt on America that will take generations to repay and we got almost nothing in return.

    You also failed to grasp the impact of your policies on the American business climate. Investment depends upon a degree of certainty, but your administration made it impossible for enterprises to make accurate forecasts about their future costs. If companies have stopped hiring in America, it is in no small part because of policies, including Obamacare, Dodd-Frank, and an astonishing tangle of new federal regulations that have snuffed out investment. If we are ever to get America back to work, they all must be repealed.

    I will also be talking about how you have catered to favored special interests, like civil-service unions and environmentalists, at the expense of American workers. Take your decision to “delay” building the state-of-the-art Keystone XL oil pipeline. Some 20,000 American jobs are at stake. You may not regard that as a large number, but every one of the unemployed men and women whose future you have sacrificed to satisfy your political base in the environmentalist left deserve far better. And this is but one of many examples I can cite.

    America deserves better.

    It is not America’s laziness that is the problem, as you recently suggested. It is your policies.

    So once again, Mr. President, welcome to New Hampshire. We need a great debate about how best to get our country working again. We can’t afford four more years of failure. I believe in unleashing America’s potential. That is what my own campaign for the presidency is all about.

    Sincerely,


    NH legislators/leaders add an emphatic P.S.

    (more…)

    Romney’s Op-Ed: Obama, Green Jobs, Cronyism / End American Decline With Romney’s 59!


    Mitt Romney’s op-ed, published a couple of days ago in The Orange County Register, takes a specific look at Obama’s penchant for spending huge amounts of our hard-earned money on losers – specifically, green jobs. He basically writes that the United States government is a rotten venture capitalist – fostering crony capitalism and “outright corruption”.

    Gov Romney also points out that, among other things, his own jobs creation plan “reduces the burden imposed by government” and makes our tax code “simpler, flatter, and fairer.”

    His plan makes the USA competitive again.

    We need an environment for jobs
    Obama’s ill-starred support for green jobs shows why government shouldn’t be a venture capitalist.
    By Mitt Romney
    Oct 24, 2011

    First, the good news: President Barack Obama has finally created some “green jobs.” Now for the bad news: They are not in the United States, but in Finland.

    The creation of environmentally friendly jobs has been at the top of Barack Obama’s policy agenda since coming into office. With the first of his now many jobs plans, the President set out to fulfill his campaign promise of spending $150 billion to create ten million green jobs. Alas, things didn’t quite worked out as planned.

    First came Solyndra, the solar-panel maker backed by a major Obama campaign-funds bundler, which President Obama hailed as a “true engine of economic growth.” It turned out to be a true engine of bankruptcy. Even as the administration trumpeted its accomplishments, the firm was careening toward insolvency. Taxpayers were left holding a $500 million bill, and the firm was left facing an FBI investigation. Nonetheless, at least one Solyndra-linked fundraiser is helping to organize Tuesday’s presidential cash call in San Francisco.

    Now we may be in for more of the same. The Obama administration has shoveled $1 billion out the door to two California-based electric car manufacturers. Fisker Automotive got a $529 million loan from the Department of Energy; Tesla got $465 million. President Obama has hailed such subsidies as a “historic opportunity to ensure that the next generation of fuel-efficient cars and trucks are made in America.”

    Alas, like Solyndra, these loans are turning out to be historic opportunities to line the pockets of major campaign fundraisers. Fisker investors, including Al Gore himself, have donated more than $1 million to political campaigns – primarily Democrats. Tesla, for its part, has financial backing from a fundraiser who bundled hundreds of thousands of dollars for the President’s campaign; Tesla’s CEO is also a major Democratic donor who has poured money into Obama’s campaign coffers.

    Tesla’s next vehicle is expected to list for $57,400. Fisker’s car, already a year behind schedule, will cost $97,000. “We have a history of losses and we expect significant increases in our costs and expenses to result in continuing losses for at least the foreseeable future,” says Tesla’s most recent quarterly filing.

    And neither firm has created many jobs. So far, approximately 100 workers are employed by Fisker in Wilmington, Del., while an additional 500 are actually assembling the cars in Finland. Tesla’s record is only slightly better. Even these few jobs may be illusory: studies of Europe’s green job experiments have found that each new green job destroys several other jobs elsewhere in the economy.

    Last summer, the Government Accountability Office, Congress’s investigative arm, sounded alarm bells about potential abuses in the issuance of green-job loans, warning that the Obama administration’s Department of Energy had “treated applicants inconsistently, favoring some and disadvantaging others.” Congress should investigate carefully how so much taxpayer money was spent so poorly on behalf of so many donors.

    But there are larger lessons from this sorry story. First, the U.S. government shouldn’t be playing venture capitalist. It’s not merely that government bureaucrats are bad at picking winners. The very process invites cronyism and outright corruption.

    Second, as Fisker’s decision to manufacture in Finland makes clear, the U.S. economy is not struggling for lack of government spending. It is struggling for lack of competitiveness. Instead of President Obama’s doomed strategy of creating jobs that are good for the environment, we need a strategy to create an environment that is good for jobs.

    My plan for jobs and economic growth does just that with the goal of ensuring that no advanced manufacturer ever sees Finland as a better place than the United States to set up shop. For one thing, the plan reduces the burden imposed by government: It makes our tax code simpler, flatter, and fairer, and places our corporations on equal footing with global competitors.
    [...]

    (emphasis added ) Continue reading here.




    End American decline with Romney’s 59!

    ► Jayde Wyatt

    N. Carolina Reps Coble, Foxx, McHenry Support Mitt Romney

    Mountain bikers enjoy untouched woods while riding in the Beech Mountain Adventure Trail Park in western North Carolina. Today, three Representatives from the Tar Heel State, Howard Coble, Virginia Foxx, and Patrick McHenry, have announced their support for Mitt Romney.

    While Obama packs his bags to head to North Carolina to shore up his waning support (NC, a traditionally red state, went for Obama in 2008), three Representatives from the great Tar Heel state have announced their support for Mitt Romney:

    Boston, MA – Mitt Romney today announced the support of North Carolina Congressman Howard Coble, Congresswoman Virginia Foxx and Congressman Patrick McHenry.

    It is an honor to have the support of these North Carolina public servants,” said Mitt Romney. “North Carolina will be a critical state in the contest to defeat President Obama. In the three years since President Obama’s election, North Carolina has faced more hardship than many other states. I will work with these leaders from the state to help revitalize the economy and make North Carolina a leader in our economic recovery.”

    Mitt Romney has been a successful leader his entire life,” said Congressman Coble. “Whether it was business, the Winter Olympics, or as governor, Mitt Romney has proven that he can turn around troubled enterprises. Right now, North Carolina and the country need a leader to engineer an economic turnaround.”

    Announcing her support, Congresswoman Foxx said, “North Carolina has suffered under President Obama’s policies. Burdensome regulations have slowed the industries that turned North Carolina into a job-creating machine. Mitt Romney has put forth a plan to get North Carolina and the country on a path to prosperity once again. As a conservative businessman, Mitt Romney has the economic know-how to change our economy fundamentally. I am proud to support him.”

    “After three years, President Obama has failed to deliver on his promise to fix our economy,” said Congressman McHenry. “It is clear that his overtaxing, overregulating and overspending are not the prescription for our failing economy. Mitt Romney has an economic plan that puts conservative principles in place to restart the economy and put North Carolinians back to work. Mitt Romney is also Republicans’ best chance to defeat President Obama so that we can repeal Obamacare. I look forward to working with him in his campaign to bring back jobs to North Carolina and make our state a leader in job growth once again.”

    (emphasis added)

    Background On North Carolina Representatives Endorsing Mitt Romney:

    Congressman Howard Coble Is The Longest Serving Republican Congressman In North Carolina History. In the House, Coble serves on the Judiciary Committee. Prior to serving in the U.S. House, Coble served in the North Carolina House of Representatives and was the North Carolina Secretary of Revenue under Governor James Holshouser.

    Congresswoman Virginia Foxx Has Served North Carolina’s 5th District Since 2004. Foxx is the Chairwoman of the House Subcommittee on Higher Education. She also serves on the House Committee on Rules.

    Congressman Patrick McHenry Was Elected In 2004. McHenry serves as the Deputy Republican Whip and is a member of the Financial Services Committee and Committee on Oversight and Government Reform. Prior to his election to Congress, McHenry served in the North Carolina House Of Representatives.

    Thank you, North Carolina!

    From The Weekly Standard:

    Next door, meanwhile, South Carolina senator Jim DeMint may be looking to endorse Romney, reports David Drucker of Roll Call:

    Mitt Romney is the favorite to receive Sen. Jim DeMint’s (R-S.C.) much-sought-after endorsement in the race for the Republican presidential nomination, according to knowledgeable GOP sources.

    DeMint, who endorsed the former Massachusetts governor in 2008, made clear in an interview late last week that he has made no decisions on whom he will support in the 2012 primary. But Republican operatives familiar with the DeMint-Romney relationship and privy to the conservative Senator’s private assessment of the GOP field believe Romney is the most likely candidate to receive the backing of the tea party favorite.


    ► Jayde Wyatt

    Praise for Romney’s Jobs Plan: Book is Detailed, Easy to Understand, and FREE

    Candace Salima, US Daily Review contributor, praises Mitt Romney’s 156 page detailed jobs plan:

    Book Review: Believe in America by Mitt Romney

    I don’t believe we’ve ever seen a candidate for United States president publish the basis of his economic plan for all to read before. And yet, this is precisely what Mitt Romney has done. He then, very wisely, made it available in electronic format, both on his website and on Kindleand to top it all off, it’s free.

    That’s the right price for me, so I immediately downloaded it onto my laptop and Galaxy Tab and started reading. I was not only pleasantly surprised by the thoroughness of the contents, it set a new standard for me in presidential candidates. Let me explain.

    When someone, Mitt Romney in this instance, puts a plan down on paper, we can then hold them to it, every aspect of it. That takes a certain kind of conviction and ability to stand behind what you say. I’d like to see the rest of the candidates do the same. I’d like their plans for the U.S. economy down on paper, published, and made available, for free, to the American people. Then we can vote on facts rather than just debates, websites, and news articles. Of course, you’ll be held accountable, but isn’t that the point of the current political climate. Taking responsibility.

    Ms. Salima agrees with Romney’s list of problems that America is grappling with: taxes, regulations, trade policies, energy, labor, human capital, and fiscal policies.

    She appreciates Romney’s commitment to his jobs/economic plan, the way it is outlined, and that the price is right – FREE:

    This takes an immense amount of belief in one’s stance on the issues. Whether you support Mitt Romney or not, I am going to encourage you to read Believe in America because I came away with a clear, concise understanding of the fiscal situation we are now facing, as well as a solid plan to put America back on the proper fiscal path. It is written in understandable language and is not in a complicated fashion. It was written, I believe, to put forth Romney’s plans for America so it could be understood by everyone willing to read it.

    …[I]t is short, concise and worth the read.

    Access Believe in America on Mitt Romney’s website

    Access Believe in America on Kindle

    Cost: $0.00

    Rating: 4 Stars


    (emphasis added) Read entire article here.

    ► Jayde Wyatt