More Losses

Conveniently the large increase in food stamp recipients was not published until after last week's election.  The Department of Agriculture indicated that in August 420,863 new recipients were added.

The future looks at least as grim with all the layoffs and cut backs announced recently.  With the new rules of Obamacare, we expected cuts in medical device developers and producers.  With the rules and regulations and desire of this president, we expected cuts in coal country.  Beyond those were these cuts announced within hours of the election:

Energizer plans to cut roughly 1,500 of its workforce.

Exide Technologies announced it will be idling one of its lead-recycling operations and laying off 150 workers.

Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people.

Hawker Beechcraft is laying off more employees.  240 employees will lose their jobs with the closings of facilities in Little Rock, Mesa, and San Antonio.

U.S. Cellular will cut 980 jobs.

Pratt & Whitney Rocketdyne let go of about 100 employees.

Bristol-Myers Squibb announced almost 480 layoffs.

There have been some facilities that will be closing down altogether including some Kmart and Target locations.  Caterpillar Inc. will close its plant in Owatonna MN.  Many restaurants are cutting work hours for all employees to under 28 or 30 hours/week thereby making them part time employees to avoid some of the hits ahead in Obamacare.

I took this information from several sources posted within 2 days of the election.  More cutbacks have been announced since then.  This will not be a very merry Christmas for many families.