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Obama Administration to Defense Contractors: No Layoff Notices Until After Election, Please

bob875 Wrote: Sep 30, 2012 11:01 AM
Obama will mosty likely win I hate to say. Lucky for him he doesn't have to waste time on things like making a list of campaign promises since he still has a full list from 2008 !

In an effort to make the economy look a little rosier than it is, the Obama administration is basically coercing defense contractors so as to prevent news of layoffs hitting voters before the election. With sequestration about to result in some major cuts to the defense budget, contractors will lose government business -- and that means, employees will lose jobs. But to prevent poor numbers ahead of the November election, the Obama administration has made it very, well, fiscally unwise for companies to issue layoff notices too early.

The Labor Department issued guidance in July saying it...