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Forward! To mass layoffs!
Human Events ^ | 11/8/2012 07:58 AM | John Hayward

Posted on 11/08/2012 9:48:06 AM PST by Red Steel

Obamanomics grinds grimly onward,  as CNBC brings word that on the day after the election, “Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California, and consolidate several business units to cut costs.”  It was sweet of them to keep that under wraps until after the election, wasn’t it?

And that’s not even the dreaded “sequestration” layoffs, which Obama broke the law to convince defense contractors to keep under wraps until after the election.  Those are yet to come.  The upside to living in a banana Republic with Party-dominated media is that life is full of “unexpected” surprises, to use the word that has come to dominate economic news in the Obama era.

Another round of layoffs announced on Wednesday came from Hawker Beechcraft, which announced it would close facilities in Arkansas, Arizona, and Texas, resulting in 400 jobs lost, while another 170 jobs would be cut from corporate offices in Kansas and Arkansas.

Also on the day after the election, the CEO of the Papa John’s pizza restaurant chain, John Schnatter, told a small community college audience in Florida that ObamaCare would likely result in cuts to employee hours by franchise owners seeking to escape the law’s mandates by eliminating full-time positions, a move he described as “common sense” and “lose-lose.”

Schnatter also predicted ObamaCare would add between $5 million and $8 million to his business costs (which is fine, because he’s an evil rich guy who supported Mitt Romney for president, and we all know that truly patriotic job creators happily pay for increased business costs out of their own pockets) and that it would add 10 to 14 cents to the cost of his pizzas, which is a bummer, but under Obamanomics theory is totally unrelated to the process of extracting that “fair share” from idle plutocrats.  Then he headed off to help out with a telethon for Hurricane Sandy victims and write the Red Cross a million-dollar check, but we all know that private charity is irrelevant, as only Big Government can save us from big storms.

The Huffington Post relays the thoughts of Fox Business Network corresponded Charlie Gasparino, who says Wall Street executives are “in mourning” after Obama’s re-election, because “they know that Wall Street is going to lay off a lot more people.”  About 10,000 of them by the end of the year, in fact, if the New York state comptroller’s estimate is accurate.  It’s not a big deal though, because those people are evil.  Everyone knows that investment capital and consumer loans should be redistributed by selfless government agencies, not greedy bankers.

According to Gasparino, things could look up if “Republicans and Democrats happen to reach a long-term budget deal similar to Simpson-Bowles,” which could mean “the market is going to go through the roof” to “Dow 20,000, easy.”  But he knows perfectly well that’s not going to happen.  We’ll more likely get the usual: big tax increases right now, combined with vague promises of largely symbolic spending cuts at some indeterminate point in the future.

Once the sequestration cuts and financial industry devastation are done, the real action to watch in the job market next year will be the transition of full-time workers to part-time.  That’s a very attractive option for escaping from ObamaCare and reducing payroll costs, without producing headline-grabbing mass layoffs (executives don’t like giving the impression their companies are terminally ill) or depriving operations of needed labor altogether.  As a New York Times article noted in October, it’s increasingly easy for service companies (which accounted for the bulk of job creation in the last pre-election employment report) to do, using “sophisticated software that tracks the flow of customers, allowing managers to assign just enough employees to handle the anticipated demand.”  It’s a trend that’s been developing for a long time, but there are now powerful incentives accelerating it.

The result “has been a bane to many workers, pushing many into poverty and forcing some onto food stamps and Medicaid. And with work schedules that change week to week, workers can find it hard to arrange child care, attend college or hold a second job.”  Fortunately, there are lots of food stamps to give away here in the New Normal, and it’s likely that pleas for more extensive government-provided child care to assist America’s part-time workforce would not fall upon deaf ears.

Update: An anonymous business owner in Las Vegas told talk-radio host Kevin Wall he fired 22 of his 114 employees on the day after President Obama’s re-election because “elections have consequences” and “at the end of the day, I need to survive.”  He said this was necessary to “make sure I have enough money to cover the payroll taxes and the additional health care I’m gonna have to do.”

“Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive,” the businessman continued.  ”I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come.  I have to build up that nest egg now for the taxes and regulations that are coming my way.  Elections do have consequences, but so do choices.  A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen.  I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months.  The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”

The entire conversation can be heard by clicking this link.

Updated: FreedomWorks has an extensive list of even more post-election layoffs resulting directly from Obama policies.   Among the bigger names: Welch-Allyn, Dana Holding Corporation, Stryker, Boston Scientific, and Medtronic.  The confirmed post-election jobs death toll from this list stands at 5,263 jobs, but much more are on the way, including a 5 percent cut in the huge Stryker workforce, a probably comparable reduction of Dana’s even larger staff, and talk of jobs being sent to China.  The transition to part-time labor I mentioned above is also discussed.


TOPICS: Business/Economy; Front Page News
KEYWORDS: jobs; layoffs; obamanomics; obamasizing; unemployment
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1 posted on 11/08/2012 9:48:13 AM PST by Red Steel
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To: Red Steel

2 posted on 11/08/2012 9:51:15 AM PST by Obadiah (Americans lusted for Obama. Give them Obama! Everything he asks for.)
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To: Red Steel

Bet you never thought that sticking it to the rich would cost you so much eh?

LOL!

Now go pay your taxes - your government is broke. :)


3 posted on 11/08/2012 9:52:26 AM PST by Tzimisce (THIS SUCKS)
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To: Red Steel

“Miss me yet?”

-Mitt Romney


4 posted on 11/08/2012 9:52:58 AM PST by VanDeKoik
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To: Red Steel
But he knows perfectly well that’s not going to happen. We’ll more likely get the usual: big tax increases right now, combined with vague promises of largely symbolic spending cuts at some indeterminate point in the future

ain't that the truth...unfortunately

5 posted on 11/08/2012 9:55:25 AM PST by BookmanTheJanitor
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To: Red Steel

Recent Layoffs  -  Look at this mess Obama is inheriting.

Boeing Announces Big Layoffs in Defense Division
7 Nov 2012
http://www.cnbc.com/id/49729998

ING Layoffs In State Are Unrelated To Massive Staff Reduction In Europe
November 7, 2012
http://www.courant.com/business/connecticut-insurance/hc-ing-layoffs-20121107,0,5645363.story

Caterpillar’s Layoffs Parallel A Falling Monthly Copper Price Index
November 7, 2012
http://agmetalminer.com/2012/11/07/caterpillars-layoffs-parallel-a-falling-monthly-copper-price-index/

More Layoffs May Be In Store for Alcatel-Lucent
November 6, 2012
http://www.fool.com/investing/general/2012/11/06/more-layoffs-may-be-in-store-for-alcatel-lucent.aspx

Boeing Telegraphs Layoffs in Defense, Space & Security Unit
November 7, 2012
http://247wallst.com/2012/11/07/boeing-telegraphs-layoffs-in-defense-space-security-unit/

Umatilla Chemical Depot plans layoffs this month, in 2013
November 6, 2012
http://www.tri-cityherald.com/2012/11/06/2160493/umatilla-chemical-depot-plans.html#storylink=cpy

Hawker Beechcraft to close plants in Arkansas, Texas, Arizona, cut more jobs
November 07, 2012
http://www.therepublic.com/view/story/52f3fff526904fc68717a1cf890c9f9c/KS—Hawker-Beechcraft-Layoffs




6 posted on 11/08/2012 9:55:31 AM PST by preacher (Communism has only killed 100 million people: Let's give it another chance!)
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To: VanDeKoik

yeah, I do...


7 posted on 11/08/2012 9:56:00 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Red Steel

But.. but.. but...

He’s the first black “president”... and he’s so cool.. and..hey! What’s that slip and why’s it pink!


8 posted on 11/08/2012 9:56:07 AM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: Red Steel
What you're seeing here is more and more business's going Galt.

This is more a passive, subconscious form, but going Galt, nonetheless

9 posted on 11/08/2012 9:57:07 AM PST by LMAO ("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush)
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To: Red Steel

And now there is no way to stop the total destruction of America. All middle class citizens will be reduced to poverty and the current poverty citizens will always be on welfare and living better than the former middle class. King Obama has reduced America to a banana republic as promised he would. Get used to it.


10 posted on 11/08/2012 9:57:51 AM PST by Logical me
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To: Red Steel

Ya know, Barack promised that Uncle Sam would cover their costs if they didn’t follow the WARN act.

Now that Barack is a lame duck... ya think he’ll renege, leaving them in the lurch? After all he has to prove nothing to anybody, short of not landing into something so bad that even Democrats would convict him after impeachment.


11 posted on 11/08/2012 9:57:51 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Red Steel

Well..I hate to say this but Obama deserves this (not patriotic citizens who do not suck money off of the hard working class) ..just prepare people because it’s going to become bad. American businesses have had it with the socialist Marxist dictator. Don’t give up/ don’t feed the beast/strangle it until we can get the power back.


12 posted on 11/08/2012 9:58:09 AM PST by Christie at the beach (I like Newt.)
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To: Red Steel
I know a lot of people will suffer, but to be honest, the best thing to happen would be for the US to go bankrupt.

We have to end America’s addiction to government handouts...

13 posted on 11/08/2012 9:58:24 AM PST by Cowboy Bob (Greed + Envy = Liberalism)
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To: VanDeKoik

It should be a poster with a photo of der Fuehrer putting on a golf green on the left side and Mitt on the right with a caption that reads “Are you wishing for a mulligan?”.

FUBO & FAD


14 posted on 11/08/2012 9:59:03 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: LMAO

Boeing isn’t washing its hands of defense contracts; the contracts just aren’t THERE to support it.


15 posted on 11/08/2012 9:59:24 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Red Steel

And, folks... this doesn’t include the countless businesses who will cap their manpower at 49 and convert their manpower from full-time to part-time.


16 posted on 11/08/2012 10:00:06 AM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: VanDeKoik
“Miss me yet?”

-Mitt Romney

Sorely.

17 posted on 11/08/2012 10:00:06 AM PST by Jane Long (Soli Deo Gloria!)
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To: Christie at the beach

I think we should remind people every chance possible, as each hunk of bad news comes tumbling down from this administration, that give-a-damn matters in elections. Mitt would have won a hypothetical fair plebiscite in which voting was compulsory, not voluntary.

Then after four years they will be absolutely begging for any warm body with an “R” on it.


18 posted on 11/08/2012 10:01:49 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Red Steel

Well I just had some leftover Papa Johns pizza (literally 2 minutes ago) and this reminds me - I started this four years ago.....

http://www.americanthinker.com/2008/12/blame_me_for_job_losses.html

I’m sorry for repeating this, but it is more relevant today than ever.....


19 posted on 11/08/2012 10:02:03 AM PST by C. Edmund Wright ("WFT: How Karl Rove and the Consultant Class Have Destroyed America")
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To: preacher
Cities and local governments are now going to start falling like dominoes, state governments too. The greedy government union socialist utopia workers will not even know what hit them. Cushy pension and medical plans up in smoke.

Socialism works great until you run out of other people's money.

20 posted on 11/08/2012 10:02:16 AM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jane Long

Yes me too, and I think his religion of which he’s a high muckety muck bishop is baloney... but he was a wise business man.


21 posted on 11/08/2012 10:02:53 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Red Steel

O will just fire up the printing presses and/or borrow more from China. They don’t care. His supporters don’t care either.


22 posted on 11/08/2012 10:03:05 AM PST by Qwackertoo (Romney/Ryan 2012 The Future of Our Children and Their Children are at stake.)
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To: Red Steel

The Choom Gang Marxist is happy. More people can be on public welfare now. More votes for the Dems.


23 posted on 11/08/2012 10:03:48 AM PST by Jyotishi (Seeking the truth, a fact at a time.)
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To: Tzimisce

He’s messing with the big boys now. These management types at Boeing have the cash and the connections and know the law firms that could make zero have a really, really bad hair day!


24 posted on 11/08/2012 10:03:48 AM PST by djf (Political Science: Conservatives = govern-ment. Liberals = givin-me-it.)
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To: Jim Robinson

Well, part of our job is to enlighten them about what hit them. Like Abraham Lincoln said, he preferred to destroy his enemies by making them his friends.


25 posted on 11/08/2012 10:04:38 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: preacher
Recent Layoffs - Look at this mess Obama is inheriting.

Recent Layoffs - Look at this mess Obama is inheriting. has created

26 posted on 11/08/2012 10:05:37 AM PST by pegleg (Lies will seek you out, but the truth must be sought.)
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To: djf

They theoretically do but will they want to... dunno.


27 posted on 11/08/2012 10:06:08 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Jim Robinson

... I mean, would it be possible to open a second web site like BarackDidThisForYou.com? Which would contain some kind of moderated wiki.


28 posted on 11/08/2012 10:07:31 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: HiTech RedNeck
I think we should remind people every chance possible, as each hunk of bad news comes tumbling down from this administration, that give-a-damn matters in elections. Mitt would have won a hypothetical fair plebiscite in which voting was compulsory, not voluntary.
Then after four years they will be absolutely begging for any warm body with an “R” on it.

I won't be, the GOP does not own my vote and if they're going to act like they do (and indeed they did so with Romney) they will be sorely disappointed; why do you think Gary Johnson, a virtual unknown, got ~1% of the presidential vote?

29 posted on 11/08/2012 10:08:14 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Tzimisce

The greatest Ponzi scheme in the world’s history is about to come crashing down.. No Thanks to CONgre$$ The FED The WH etc. .. but Thanks to the internet, FR and social media, You can be there as it happens. Talk about Reality TV that would make the Founding Fathers kvetch&quiver in their wigs over heir images.


30 posted on 11/08/2012 10:11:02 AM PST by NormsRevenge (Semper Fi)
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To: OneWingedShark

You can continue to hold out for caviar when you’re in the field and can barely get old MREs, but don’t complain about the consequences.


31 posted on 11/08/2012 10:11:15 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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their images


32 posted on 11/08/2012 10:11:52 AM PST by NormsRevenge (Semper Fi)
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To: djf
->>He’s messing with the big boys now. These management types at Boeing have the cash and the connections and know the law firms that could make zero have a really, really bad hair day!

I say don't assist and strangle his recovery effort. He hates us..why worship his administration. No trips, no extra buying, nothing from my family. I will just exist and work enough to keep the home and what food we need or even crackers, m & ms and water.

33 posted on 11/08/2012 10:12:25 AM PST by Christie at the beach (I like Newt.)
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To: OneWingedShark

Also please note that the lesson I am advocating is not “you ought to vote for Republicans” but that give-a-damn matters in elections and that a choice exists. But again maybe YOU don’t want to be part of that because they might not opt for the Caviar Spoiler.


34 posted on 11/08/2012 10:14:41 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: HiTech RedNeck

What I don’t understand is this:

How??? In whatever sort of alternate quantum universe that exists, How??? in whatever sort of Oz Emerald City there is, How??? in whatever rabbit hole Alice falls down into, HOW IS IT THAT URGING COMPANIES TO VIOLATE FEDERAL LAW IS NOT AN IMPEACHABLE OFFENSE???????

How exactly?


35 posted on 11/08/2012 10:19:01 AM PST by djf (Political Science: Conservatives = govern-ment. Liberals = givin-me-it.)
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To: Red Steel

I am ready and willing and ABLE to work part time..and I will if my taxes will support the obamaformation of America.


36 posted on 11/08/2012 10:19:46 AM PST by Leep (Are you smarter than a 7th grade math student and or Barack 0bama?)
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To: djf

When you have a whole party backing you up that thinks that the whole of Federal law, not just the Constitution, is silly putty, this is how.

If the House had backbone instead of Boehner, I’d say throw about a thousand page book at Barack and force the Rat Senate to sift through the whole thing and deny each one.


37 posted on 11/08/2012 10:21:37 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: LMAO
"What you're seeing here is more and more business's going Galt."

Wait until the doctors, now government workers who are criminally liable if they don't tow the line, go Galt...

38 posted on 11/08/2012 10:26:05 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: Red Steel

to those of you who can remember Jimmy Carter’s presidency; Malaise, Stagflation, lines for gas at stations that had no gas, the “Misery Index” and more-—you ain’t seen NOTHIN’ YET!!!

Hunker down, especially if you voted Republican and make more than $25K. Surprise! You’re on the IRS audit list!


39 posted on 11/08/2012 10:29:51 AM PST by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Red Steel

I wonder they’re going to queer the next jobs report...or if they even can.


40 posted on 11/08/2012 10:31:08 AM PST by Bloody Sam Roberts ("The heart of the wise inclines to the right, but the heart of the fool to the left." Ecclesiastes 1)
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To: HiTech RedNeck

http://www.dailyjobcuts.com/


41 posted on 11/08/2012 10:31:42 AM PST by elpinta (Jer. 10:23 - It really holds true!)
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To: Bloody Sam Roberts

Why of course they can queer it, because the ruler is made of silly putty.


42 posted on 11/08/2012 10:32:23 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: subterfuge

Carter was clumsy, though. He didn’t know the art of cooling out the mark every time.


43 posted on 11/08/2012 10:33:50 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: Logical me

Reminds me of how his mother took him to live in a third world environment and left the step dad when he started hanging around with successful businessmen. She didn’t want that for her son, probably wanted him to learn empathy. This is what he now wants for us. Wants us to feel what it is like. Wonder how gen ipad kids are going to like it when their goodies are gone, but they are noble of spirit?


44 posted on 11/08/2012 10:34:21 AM PST by Anima Mundi (You can lead a brain to facts but you can't make it think.)
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To: preacher

though I’m sure there out there, I don’t have links. But I do have first hand experience with regard to layoffs from these companies:

NORTHROP GRUMMAN- 2nd largest defense contractor

LOCKHEED MARTIN- Largest Defense contractor

L-3 COMMUNICATIONS - Huge company, not sure how big but they are international


45 posted on 11/08/2012 10:35:46 AM PST by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: HiTech RedNeck; fieldmarshaldj
Also please note that the lesson I am advocating is not “you ought to vote for Republicans” but that give-a-damn matters in elections and that a choice exists.

I gave a damn, just not for Romney. I don't buy the argument "we need to get the socialist out of office by electing a socialist." That just doesn't make sense.

But again maybe YOU don’t want to be part of that because they might not opt for the Caviar Spoiler.

Ah, so because I reject the bucket of poison marked 'R' then it's because it's not caviar? There's one fatal flaw in your argument: Obama and Romney both are the poison that is socialist. Indeed Romney could very well have been worse: do you really expect congress to block "our guy"?
The GOP thought they could get the secondary thing, winning, by making it primary (that attribute called "electability"). In doing so, they neglected the first thing ("standing for something"), in fact the only thing, having a candidate that was truly different than the other guy.

There's a freeper with personal experience with Romney, fieldmarshaldj, ask him if he could pull the lever for Romney, and why.

46 posted on 11/08/2012 10:38:08 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Christie at the beach

Decent article today in USA Today that Bernanke’s actions in Sept wrecked Romney’s chances. Good reminder.


47 posted on 11/08/2012 10:38:27 AM PST by mwl8787
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To: Red Steel

Who needs to work? I’ve got me my foo stams, my Obamaphone, and Obama is so kewl!


48 posted on 11/08/2012 10:39:23 AM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: OneWingedShark

You are setting up a gaggle of strawmen that I never argued for. I only pointed out that it’s likely that if people are truly educated in generalities, they will go for the Republican because that’s the only reasonable AND viable party left. Now maybe you feel that it’s a bad thing, therefore you don’t want to be part of it. But don’t set up a lot of strawmen that I never argued in order to justify wanting to keep the Democrat voters in the dark.


49 posted on 11/08/2012 10:40:48 AM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: HiTech RedNeck
True. The left now has professional propagandists and enforcers with decades of experience under their belts. Carter was a piker compared to the most incompetent leftist of today
50 posted on 11/08/2012 10:41:50 AM PST by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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