Just ten days since the reelection of the worst U.S. president ever and the economic fall-out is accelerating. Here are just the latest headlines:
◊ THE COST OF EATING AT LOCAL DENNY’S RESTAURANTS JUST GOT MORE EXPENSIVE FOR MANY FLORIDIANS:
Florida restaurateur to impose 5 percent surcharge for Obamacare ~
“People are trying to find ways to avoid the penalties and to avoid having to pay for Obamacare,” John Metz (owner of 40 Denny’s locations and five Hurricane Grill & Wings franchises) told FoxNews.com. “Everyone’s looking for a way to not have to provide insurance for their employees. It’s essentially a huge tax on all us business people.”
To further offset the costs, Metz, who oversees roughly 1,200 employees, said he will also slash most of their hours to fewer than 30 per week. That change will be announced to employees next month, he said.
◊ PAPA JOHN’S TO CUT WORKERS HOURS OVER OBAMACARE
◊ REPERCUSSIONS OF OBAMACARE’S MEDICAL DEVICE EXCISE TAX:
Starting next year, this new tax will require makers of various medical devices to pay 2.3 percent of their gross U.S. revenues; inevitable job losses will follow.
Stryker Corp. layoff plans strike chords of political and economic concern ~
If Stryker does an across-the-board cut of its 2,250-person Kalamazoo-area (MI) workforce, about 112 local workers would lose their jobs. About 1,002 of its worldwide workforce would be cut.
Not sure why the drones can never seem to figure out that any tax increases always result in unavoidable collateral damage ~
Charlie Owens, state director of the National Federation of Independent Business, said local restaurants, delicatessens, markets, gas stations, barber shops and other small retailers will be affected by the potential loss of Stryker employees. He called on Michigan’s congressional delegation to reconsider the law before it causes more damage.
Ironically, Jon Stryker, corporate heir, was one of the top five donors to the Obama campaign ~
Stryker’s corporation is part of an industry that has been a big loser at the hands of Obamacare. Having refused to get on board with the White House and the Senate Finance Committee when the law was being crafted in 2009, the medical device industry was punished with an excise tax of 2.3% of their revenues, regardless of whether they make a profit.
◊ SURPRISE! JOBLESS CLAIMS UP 78,000 WEEK AFTER ELECTION; PA, OH WORST HIT.
Oops. Looks like those two “swing states” may have swung the wrong way.
~~~~~~~~~~~~~~~~~~~~~~~~~
This is just the bad financial news since November 6th. In 2013, as Obamacare phases in, our four year national “vacation from reality” will come to a screeching halt ~
Sorry folks, when you vote for socialism what you really get is equal misery for all.
~~~~~~~~~~~~~~~~~~~~~~~~~
Related:
While googling “breadlines” for depression era images, I ran across the above photo on a blog called NoisyRoom.net [the Progressive Hunter]. It was included in a Sept. 23rd post titled: Obama’s Hidden Bread Lines which described how tough things had already gotten, and how much worse they would get – even if Romney won. Depressing two months ago; much worse now. 
