This is a great thread.
I am in health insurance. When Obamacare passed, my was cut by 38%. We laid off half of our field force, 30% of our administrative staff, and around 20% of our management... a total of nearly 4000 people nationally.
When Obamacare is fully instituted on 1/1/14, the brokerage/producer side of the industry will be shut off. That’s close to 425,000 people nationally going from $100K-plus per year to being out of work.
As a result of last night’s election, my wife and I are establishing a strict budget for the first time in our adult professional careers. I will be letting all of my brokerage employees go as of the first of the year, and they will know why: overregulation, overtaxation, and Obamacare. I provide insurance to a large pool of doctors, specialists, and nurses, and roughly 40% of them have announced plans to retire early, practice offshore, or change careers.
I do not recognize this country anymore, and I have no desire to participate in the political or economic processes from this point forward, or at least until we can put together a majority conservative coalition, rather than Socialism Lite.
We’ll be reducing our financial footprint by at least 30%: cable, gym memberships, cell phones, lawn services and family perks like dinner out and traveling across New England to see family. As I will no longer be self-employed, my taxes will be cut by nearly 15%.
God help this country, and help us all.
My doctor told me he was thinking of moving to Australia if the election didn’t go right...this was about 4 months ago.
I told him I didn’t blame him. He is a cardiologist, Jewish, and NOT happy with Obamacare.
Things are going to get very, very bad.
And it is the fault of the Zombies.