The day after Barack Obama was re-elected, millions celebrated a historic victory. Others, who had to go to work, felt a sense of disappointment, not so much in the loss, but in their fellow citizens. Those choosing Mitt Romney or even Gary Johnson knew that an Obama win was nothing to celebrate.
The working class, especially those in the finance world, weren’t just nervous about the dire consequences of four more years of Obamanomics, they were downright terrified.
Wednesday, as one Twitter follower put it, Wall Street had its own election and Obama was whooped soundly. Every major index was in a freefall, but this was only the beginning.
Just this week, thousands of new layoffs have been announced – although the Bureau of Labor Statistics will find a way to airbrush the numbers. Various reports have explained that hundreds of companies, big and small, had been waiting on the outcome of the election to determine whether they could continue at their current growth rate or not.
For more companies, an Obama victory meant the harsh penalties of ObamaCare, where in a state like Wisconsin, an Obama adviser admitted individual premiums will rise some 30% as a result of the law.
Individual premiums are just the tip of the iceberg. Before the election, Michelle Malkin warned of a Obama layoff bomb and unfortunately, Malkin was right.
Freedomworks.com started a list, but it’s by no means exhaustive. Pepsi will cut 4,000 jobs. Boeing will reduce its budget by 1.6 billion, which means thousands of jobs thanks to Obama’s promised defense cuts. Energizer plans to lay off 10% of their workforce.
Bristol-Myers, U.S. Cellular, ING, St. Jude, Boston Scientific, Caterpillar and dozens of others are among businesses who understand what a second Obama term will mean for their businesses and are also preemptively cutting staff.
It was so bad in the first 48 hours, President Obama had to call a press conference to try and stop the proverbial bleeding, but the damage has already been done. The wounds were inflicted Tuesday and there’s no bandage for it.
Obama was the problem, the instrument of destruction. His re-election was another stab, another shot across the bow of the U.S. economy. It was the government the people demanded.
The unfortunate part is that the left will see this as a chance for government to again save the day. Hand out more food stamps, put more people on Medicare. Look, they’ll say, all of these laid off people will still have insurance even though they don’t have jobs thanks to ObamaCare.
In reality, millions will be forced to buy health insurance thanks to jobs they’ve lost, and even if they can’t afford to or don’t want to buy insurance, they have to. That’s the law.
When conservatives in the media played ‘the sky is falling’ game in past elections, talking about this being “the most important election in your lifetime”, they were being hyperbolic. Unfortunately, and perhaps to their own detriment, their ‘crying wolf’ may have fallen on deaf ears in 2012, an election that truly was a landmark election for this once great nation.
But the blood is already on Obama’s hands and there’s no former presidents for him to blame this time. It’s his own policies that he must face.
Unfortunately for Americans, we must face them as well.