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

bob875 Wrote: Sep 30, 2012 11:10 AM
I heard Barney admit he ate a pot brownie not Coke. It was him, Clinton, Dodd and other leftists that forced Fannie and Freddie to back ninja loans. You should look back to what Clinton did to help the mortgage market to fail, leading to the overall economic downturn. Did NAFTA really help ? Did ending Glass-Steagal help ? We had a near meltdown under Clinton with derivitives yet he and his Harvard men brushed it under the rug. Clinton also signed the bill allowing for credit default swaps just prior to leaving office, did that help ? And then we also have what Clinton did not do, kill Bin Laden after several attacks starting with the world trade center and ending with the Cole bombing.

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...