Wednesday, October 31, 2012

Obama's Layoff Bomb .......

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 "mass layoff actions" (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that "(m)uch of the recent layoff activity is connected to what's been the slowest period of earnings growth since the third quarter of 2009." Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame -- bravely and squarely -- right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.

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