We’ve all heard about the lay offs, benefits cuts, and hours reductions following President Obama’s reelection. Why is it happening? Businesses (unlike politicians) have to think about the effect today’s actions might have on tomorrow’s profitability. Most employers were hoping for a Republican president and senate to begin reversing the avalanche of regulations (6,125 in the last 90 days), taxes (Taxmageddon cometh!) and other anti-business measures of the last four years. They didn’t get either, and they’re responding accordingly. To better understand the interplay between government regulations and economic activity, see Ed Sheppard’s discussion of the minimum wage.
Typically, however, the Left is deciding to accused downsizing business owners of political retaliation against employees rather than acknowledge that their candidate’s policies haven’t worked. Boycott threats are populating Twitter and other social media conduits.
Am I living in America? Or 1917 Russia?
This kind of garbage is only one step removed from truther-levels of insanity, folks. Businesses make money by expanding. No CEO, COO, or manager in his or her right mind is going to fire employees simply to make a political point. It’d be akin to cutting off one’s own nose to spite the face! And wouldn’t such a vast conspiracy make more sense before the election? When higher unemployment hurts the incumbent’s chances?
All we can do is keep teaching and praying. If 51% of American voters really believe John Doe Employer bears more blame for historic food stamp usage than President Obama, Save Jerseyans, then we’re further gone than feared.