Layoff bomb detonates; Large corporations join small businesses in announcing mass cuts

Earlier today, Twitchy related some heartbreaking stories of small business owners laying off workers to avoid the economic impact of the Obamacare tax that isn’t a tax. Comedian Jon Lovitz, a small business owner himself, was no barrel of laughs either as his timeline filled with stories of impending downsizing. So, what about those big corporations? Boeing’s defense division announced yesterday it would cut 30 percent of management staff, and the company was not alone, we’re learning.

Just last week, Michelle Malkin warned in her column of “Obama’s Layoff Bomb,” and the headlines over the last two days seem to prove that this ticking time bomb was no dud.

The newly reelected president blew off the traditional post-election press conference on Thursday, but word is he’ll deliver a statement on the economy tomorrow.

blog comments powered by Disqus