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

MudontheTires Wrote: Sep 30, 2012 4:17 PM
Got to be because it seems wrong? It doesn't just "seem wrong" it IS wrong. Or are you going to tell us how Obama has the authority to give taxpayer moneys to people to support his agenda.

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...