The following is a list of only some of the companies that have announced layoffs since Tuesday's election:
-AGC Glass North America (cutting 70 jobs)
-Boeing (30 percent of management staff)
-Brake Parts (cutting 75 jobs)
-Bristol-Meyers-Squibb (cutting 480 jobs)
-CVPH Medical Center (cutting 17 jobs)
-Center For Hospice New York (cutting 40 jobs)
-Energizer (cutting 1,500 jobs)
-Exide Technologies (cutting 150 jobs)
-Hawker Beechcraft (cutting 240 jobs)
-Husqvarna (cutting 660 jobs)
-Lightyear Network Solutions (cutting more than a dozen jobs)
-Momentive Performance Materials (cutting 150 jobs)
-OCE North America (cutting 135 jobs)
-Providence Journal (cutting 23 jobs)
-Research In Motion (cutting 200 jobs)
-Rocketdyne (cutting 100 jobs)
-TE Connectivity (cutting 620 jobs)
-US Cellular (cutting 980 jobs)
-Vestas Wind Systems (cutting 3,000 jobs)
-Westinghouse (cutting 50 jobs)
Additionally, many companies will either greatly reduce or simply eliminate altogether, their full-time workforce, opting instead for part-time employees.
Darden Restaurants, for instance has just announced that they are "experimenting with limiting the hours of some of its workers to avoid health care requirements under the Affordable Care Act when they take effect in 2014," according to the Dallas Business Journal.
Apparently, they will reduce their employees' hours to only 28 per week, to avoid the Obamacare fine for not providing health insurance coverage to every employee working at least 30 hours per week.
K-Mart and Target stores have also announced the closings of several stores, resulting in hundreds of layoffs, and Caterpillar Inc. has just announced that they will shut down their plant in Owatonna, Minnesota.
Undoubtedly, these layoffs and closings are merely a hint of things to come as companies begin to deal prepare for the harsh realities of a second Obama term.
HURRAY FOR OBAMACARE!