Within hours of the reelection of President Barack Obama, American manufacturers and other employers announced massive layoffs. The reason: the high cost of complying with the Affordable Care Act, known as ObamaCare, and the anticipated economic stagnation that will accompany another four years of the leftist president’s plans for centralization.
With chances virtually nil that the expensive health-care mandate can be overturned, and with House Speaker John Boehner claiming the bill is now the “law of the land,” employers must find a way to defray the cost of doing business. Their answer: layoffs.
The list of companies trying to protect themselves from the president’s destructive legislation and economic and regulatory polices is a long one.
Top among them is Murray Energy, the nation’s largest independently owned coal company, which directly blamed the reelection of Obama for layoffs. The company has grown from its production of one million tons of coal after its founding in 1988 to 30 million tons today, its website says.
Murray Energy immediately chopped 163 positions at facilities in Ohio, Utah, Illinois, and West Virginia.
Robert E. Murray, chairman of the giant coal concern, read a prayer to his executives and offered a list of what he sees coming now that Obama is in control for another four years, reported the Intelligencer and News-Register of Wheeling, West Virginia.
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