I’m retired now, but I can tell you first hand that 0bamacare and all of his other ham-stringing ‘whims’ REALLY effected our mid-sized, family-owned company in terms of hiring, employee benefits and our bottom line.
I’m glad I got to live through it, though, and we, as a company, survived.
It sure made me nostalgic for the Carter years. *SPIT*
I’m glad I got to live through it, though, and we, as a company, survived.
It sure made me nostalgic for the Carter years. *SPIT*
In the world of the small defense industry sub contractors that are the worker bees of the defense industry, the combination of ObamaCare and having anywhere from75-100% of your contracts and operating revenue cancelled overnight due to the ill advised sequestration deal put up to 80% of the subs out of business and into Chapter 11 or liquidation within 6 months of getting hit by sequestration.
The hardest hit subcontractors were hi talent, high tech small to medium sized specialist companies that made significant capitol investments and took on debt loads to expand to meet the needs of the military for the war on terror and were pretty much 100% dependent upon military contracts.
Lots of carefully nurtured military industrial manufacturing and technology base to replaced the Clinton era devastation of US defense subcontractor industrial base network was wiped out almost overnight by the double whammy of ObamaCare and Sequestration with their only memory being the final auctioneers liquidation brochure.