Lockheed Martin to lay off 123,000 and other defense contractors may follow

Lockheed Martin to lay off 123,000 and other defense contractors may follow




Tea Party Tribune

President Obama’s administration has asked Lockheed Martin to delay
its announcement of the layoffs of 123,000 employees to make the
unemployment numbers look much better. Lockheed Martin is one of several
defense contractors ready to lay off tens of thousands and hundreds of
thousands of people after the election. These numbers may indeed rocket
the unemployment figures past 8%.

The layoff notice announcement came by way of Yahoo.com on October 1,
2012 and was quickly buried apparently to fool the voters into
believing the economy is much better than represented.

“It’s difficult to understate the importance of Lockheed Martin‘s latest
announcement on the race for the White House: the defense contractor
said on Monday it will not be issuing employee layoff notices to 123,000
workers on Nov. 2—just four days before the presidential election.
Amidst all of the super PACs and campaign ads, the threat of telling a
sizable chunk of voters in key areas of the country that they could lose
their jobs if the election didn’t go Lockheed’s way was one of the most
potent examples of corporate electioneering. But the layoff threat was
largely unreported outside of Beltway trade publications. Here’s why
today’s announcement matters:” More…

Basically the bottom may fall out of the economy after November 6,
2012 with hundreds of thousands to be laid off. This would be
devastating. Defense contractors agreed to delay the announcements in a
sweetheart deal where the White House will pick up any costs associated
with these layoffs.

“Lockheed, one of the biggest employers in the key battleground state
of Virginia, previously warned it would have to issue notices to
employees, required by law, due to looming defense cuts set to begin to
take effect after Jan. 2 because of the failure of the Joint Select Committee on Deficit Reduction —
the so-called Super-committee, which was created to find a way to cut
$1.5 trillion from the federal deficit over the next decade.” More

This move to delay the announcements of these massive layoffs and
cover the costs was totally illegal according to Senator Lindsey Graham.
And remember, if you watched the third presidential debates President
Obama assured the 70 or so million viewers that these cuts in defense “would not happen.”

“Sen. Lindsey Graham (R-S.C.) says that he will do anything he can to
block the Obama administration from reimbursing defense contractors for
severance costs if the firms don’t send layoff notices to employees.
The Obama administration issued guidance Friday that said defense firms’
costs would be covered if they have to layoff workers due to canceled
contracts under the across-the-board cuts set to take effect Jan. 2. The
layoff notices have become a politically charged issue because they
could have come just four days ahead of the election because of a 60-day
notice required by federal law for mass layoffs.”More…

There is a greater message here from the American people greater than
their horror of how the president plans on destroying our military.

In less than 72 hours we will know if we have a new president or not.
It does appear that the majority of Americans are tired of the change
President Obama had in mind. Change in the form of crushing
unemployment, a stagnant economy, 50 million people on food stamps, 23
million unemployed or under employed, a second world America, gutting
the defense sector etc. are not what Americans had in mind when they
heard the president first promise change. Americans feel that they were
scammed in a classic bait and switch fashion.

The greater message that is getting louder and louder to President Obama is that the majority of Americans are saying to him.”


Source:-
http://fromthetrenchesworldreport.com/lockheed-martin-to-lay-off-123000-and-other-defense-contractors-may-follow/24997/