The two biggest lies of President Barack Obama’s presidency are he won’t raise taxes on the middle class and Obamacare will reduce costs and improve medical care. Now that he has secured his second term Obamacare is looming large on the near horizon.
Even though Obama promised not to raise taxes on the middle class there are nearly 20 tax increases contained within Obamacare that will affect the middle class, poverty class, and seniors living on fixed incomes. One tax in particular that will hit the poverty class and seniors the hardest is the medical device tax. Many seniors and lower income individuals rely on medical devices to stay alive. Many of these people are on fixed incomes and can ill afford to pay out more for their medical. But that seems to make no difference to Obama, Nancy Pelosi, and Harry Reid, who would just as soon see all these individuals die sooner rather than later.
As reported earlier some businesses have already started to lay off workers and plan for downsizing due to Obamacare. A more recent report reveals a growing number of businesses that are planning massive layoffs due to the increased taxes and costs of Obamacare. Among those listed so far are:
Welsh Allyn – who will be laying off 275 employees, roughly 10% of their workforce over the next three years.
Dana Holding Corp. – warned employees of potential layoffs due to cost of $24 million over the next six years in additional health coverage expenses due to Obamacare. They currently employ 25,500 workers worldwide.
Stryker – announced that they are planning on eliminating 5% of the global workforce, approximately 1170 jobs, to offset the medical device tax. They are one of those largest manufacturers of medical devices in the world.
Boston Scientific – announced two years ago that the proposed taxes in additional costs of healthcare contained in Obamacare would force the company to cut between 1200 and 1400 jobs. They added that the additional costs may force them to move workers and investments overseas to China.
Medtronic – they also manufacture medical devices and have already cut 500 jobs this past summer due to Obamacare costs and plan on cutting an additional 500 jobs by the end of 2013.
Smith & Nephew – are looking at laying off 770 employees.
Abbott Labs – are looking at laying off 700 employees.
Covidien – are looking at laying off 595 employees.
Kinetic Concepts – are looking at laying off 427 employees.
St. Jude Medical - are looking at laying off 300 employees.
Hill Rom – are looking at laying off 200 employees.
A number of other companies have announced that they are looking into making most or all of their employees part-time to avoid having to provide healthcare benefits. Among these are:
Darden Restaurants – which includes Red Lobster, Olive Garden and LongHorn Steakhouse restaurants.
JANCOA Janitorial Services – Mary Miller CEO of JANCOA told Congress that Obamacare was a dream killer and that it forces them to experiment with limiting the hours of their staff to avoid having to provide healthcare benefits.
Kroger – is considering limiting all employees to a maximum of 28 hours a week.
Papa John’s Pizza – John Schnatter, founder and CEO, announced last Wednesday that Obamacare add 10¢-14¢ to the cost of every pizza. He says he will either have to increase the cost of his pizza or reduce employees’ hours to offset the cost of Obamacare.
When the Democrats forced Obamacare down our throats in 2009 they promised it would make health care affordable and accessible to all Americans. Everybody would have health care coverage at an affordable rate. We’re already seeing more and more companies that are either laying off employees or cutting employees’ hours down to part-time to defray the added expenses of Obamacare. Thousands of Americans are already losing their jobs or being cut to part-time because of Obamacare.
This is just the tip of the iceberg and like the iceberg that sunk the unsinkable Titanic, the iceberg known as Obamacare is already ripping open the sides of the good ship America and we are starting to take on water fast. How much longer we can remain afloat is a question of great uncertainty, but like all great ships that have met similar fates sink we will.
Do I think America can remain afloat for four more years until we have a chance to elect a new president? I doubt it for several reasons. One, I don’t think we can financially survive another four years at our current rate. And two, under Obama I don’t think there will be another election in four years as I am positive he will assume dictatorial leadership of our nation. The financial collapse of America will set the stage for Obama’s complete takeover. One of the biggest tools to cause this financial collapse is Obamacare and we are already seeing the beginning of the end.