Coal co lays off 160+ after hussein is reelected.

[powderman]

Coal company exec lays off more than 160 workers after Obama re-election  Published November 09, 2012
FoxNews.com     

•    Shown here is Murray Energy Corporation CEO Robert Murray. (AP)

  A major coal company announced more than 160 layoffs across three subsidiaries this week, becoming perhaps the first company to follow through on threats to make cutbacks in the event of a second President Obama term.
Robert Murray, a vocal Mitt Romney supporter and CEO of Murray Energy Corporation, began to inform workers of the layoffs the day after Obama won re-election. He announced 102 layoffs at UtahAmerican Energy Inc. and another 54 layoffs at The American Coal Company in Illinois.
 
The official statement put out by Murray's company cited Obama's alleged "war on coal," claiming federal regulations have "already (led) to the closure by 2014 of 204 American coal-fired power plants." 
The company announced another seven layoffs Thursday at the Kanawha Transportation Center in Wheeling, W.Va.
It's unclear whether other CEOs -- many of whom grumbled before Election Day about the burden on business from the federal health care overhaul, EPA regulations and other policies -- will follow suit.
The boss who made arguably the most widely covered layoff threat -- Westgate Resorts owner David Siegel -- has since eased off a bit.
 
Siegel, who earlier warned employees that Obama's call for tax hikes would cause him to cut back, told Bloomberg Businessweek after the election that while he's "not optimistic" about the business climate he doesn't yet know whether he'll lay anybody off. In the meantime, he's giving employees raises.
 
"I'm going to work my hardest to keep the company going and expand the best I can. We'll see what happens," he said. "Meanwhile I gave everybody in the company a raise this week -- the average was 5 percent. I wanted to help them handle the additional burdens the government will put on them."
 
Separately, somebody claiming to be a Las Vegas business owner called into a radio show after the election and said he was firing 22 employees. The caller, though, would not give a name so the claim was not verifiable.

Read more: http://www.foxnews.com/politics/2012/11/09/coal-company-lays-off-more-than-160-workers-after-obama-re-election/#ixzz2BlluHy3s

[Defoe]

obamanomics at work.  the idea of ruining good companies is so more people will become government dependent.

[tobster]

..........and the cost for electricity goes higher and higher.

[lakota]

stock up on candles and keosene lanterns and buy a wood burning stove if you dont already have one.

[jhm]

     No October surprise, however I am sure there are going to be alot of November, December, January, etc. etc. Surprises, I hate to see anyone lose their Job, however the business whatever it is from the corner grocery store to a large retail business has to make a certain profit margin or they go broke, that is business and it is going to happen or close.  Jim

[Anna]

Maybe the people should just start eating politicians. Long pig anyone ? 

[mauser98us]

Lots more of this kinda stuff coming. If you don't work in the green energy side of  power production it's just a matter of time til your affected.I work for a local utilitry and they were just waiting for the outcome of the election. They are ready to shut many coal fired plants and perhaps our nuke facility.Green power is such a joke.

[Defoe]

   Long pig anyone ?

have you been reading tales from the south sea islands?

[ChungDoQuan]

That old geezer was about to retire anyway. He'll sell it to Bain who'll auction it off to someone who'll use government money to upgrade the generators to natural gas, and start it back up. They will "create jobs"--- maybe 20, and they'll be back online making even more money with fewer workers. The rest of the employees are on their own. These are the people Republicans protect.

[powderman]

chong. I reckon to a liberal that losing 160+ jobs and then hiring 20 is a good thing??POWDERMAN. 

[ChungDoQuan]

Absolutely not! But that's the formula for the "job creators" for the past 40 years! Big money DESTROYS many times more jobs than they ever create. All you have to do is look at their historical performance. Look at banking--- they brag that ATMs created a couple of hundred thousand jobs nationwide for people who reload and service the ATMs, and they are right. However, nearly 2 million bank tellers lost their jobs since the ATMs came to be. That's the way it is.

[twoshooter]

Answer this question for me: When it does not take but a small percentage of a given population, to provide for the needs of the entire population, what do you do with the surplus? And the people that are not employed  therein, how do they relate to those that are? There are only so many widgets you can have, and at some point, the mechanism breaks down. The jobs, if any, that are left, cannot or will not be done by the surplus population available. So, you import additional population for those jobs? How do you deport the original population to make room for the new ?

When the value of a human being, based on what they can produce, is less than the cost of maintaining that person, what do you do? Especially when you insist on continuing to produce people, and trying to drive the value of their production down even further ? Nothing grows forever, not even cancers or bacteria. At some point entropy  demands that an equilibrium be reached in order for the system to continue to exist.

With equipment you can shut it down and store it, put it in mothballs, with materials you can re- smelt them, create new materials, different alloys, form new products, etc. You cannot just do that with people, or any biological unit for that matter.  People will take one example of success and then extrapolate that "anyone can do this", but that is crap.
    When water temperatures increase, and oxygen levels drop, carp will thrive- but the trout will die. If the market for beef changes, decisions on production changes will take at a minimum of 3 1/2 years to implement. Rabbits- about 4 -5 months. Money may be "fungible" but people are not. Not only that, they continue to deteriorate at a linear rate no matter what else happens. Unlike machines and livestock, they are not going to just sit around and wait while you make up your mind what to do. They may remain docile for longer than one might imagine, but at some point they are going to be motivated to move.
    If you remember "Animal Farm", the end result was NOT good, but the farmer never made it until the end of the book.

[Blue Duck]

Just wait until next year and the year after when all the fees and taxes hit.