Job Killer- In-Chief Hard At Work

Obama's take over of GM and Chrysler, which shut down 1800 auto dealerships, a major segment of the auto industry, directly cost 170,000 Americans their dealership jobs. Economists say one job, causes five other jobs to exist. The grocer, the cellphone provider, the gas station worker, the retail shopkeeper, the restuaranteer etc.etc. Those 170,000 jobs taken away cost America another 850,000 jobs not created or saved.

The 33 deep water rigs Obama now wants to idle for 6 months and effectively having them go elsewhere is putting at risk 5000 jobs for each of those rigs according to an industry spokesman. These rigs represent 165,000 jobs that pay an average of $40,000 per year. Times 5 Obama's moratorium will cost an additional 825,000 indirect jobs lost.

Between the just the auto industry and the gulf jobs, Obama will directly put 2,000,000 Americans out of work.

How's that for some change you can believe in?

As a form employer, I encountered a year where I had to terminate several employees for bad job performance. All were eligible for unemployment benefits. My normal state unemployment tax rate was miniscule (SUTA) about .oo6 of each persons gross pay. After the first $8000 their pay no longer was taxable. At the end of each year there was a federal unemployment tax levied (FUTA) again a very small factor. Neither of these taxes were the responsibilty of the employee, they were strictly employer taxes. During that spate of firings, my tax rate went up to around 4% of salaries. The logic was because my business was hitting the state unemployment fund so hard, my tax rate would be raised and remain there for a couple years until I settled down and quit lopping off heads. Actually it wasn't the state making an example of me, it was the way the system works. The point of all this leads back to the unemployment Obama is causing the country. There are a lot of employers paying a hefty percent into the state and federal unemployment funds, they are seeing their SUTA and FUTA tax rates rise and will remain there for some time to come. Adding 2,000.000 more to the unemployment rolls unnessarily is criminal. No one has quantified the impact on employers having to foot the cost of paying 99 weeks of unemployment benefits to the 15,000,000 not working. How many businesses will that tax burden cause to close their doors and the jobs that go with it?

Steve

3 rigs as of early June were jacking up thier legs and setting sail for S.E. Asia and Africa.
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Oil rigs leaving Gulf of Mexico over drill ban
(AFP) – Jun 9, 2010

NEW ORLEANS, Louisiana — A Louisiana official said oil firms have begun pulling rigs out of the Gulf of Mexico since US President Barack Obama declared a six-month halt to deepwater drilling after an accident prompted the worst oil spill in US history.

"Already, three rigs have left or are in the process of leaving the Gulf of Mexico," Chett Chiasson, executive director of the port commission for the town of Port Fourchon, which services 90 percent of deepwater activity in the Gulf, told AFP.

"If this moratorium goes for six months, these rig operators and these oil companies will have no choice but to go somewhere else," with a devastating impact on jobs and the economy of Louisiana and the rest of the United States, said Chiasson.

A spokesman for Anadarko Petroleum Corporation, which leased and operated the three rigs, said the company had "notified three of our rig contractors that we were terminating our contract because with a six-month moratorium on exploration and appraisal drilling in the Gulf, there's no work for those rigs."

But he was unable to confirm that the rigs, which belong to three separate companies, were being physically removed from the Gulf of Mexico.

Obama extended the moratorium on deepwater drilling to give a presidential commission time to investigate what caused the April accident on a BP-leased rig that claimed the lives of 11 workers and fouled the sea and sensitive coastal areas with tens of millions of gallons of oil.

Last week BP placed a containment device over the blown out well, located 50 miles (80 kilometers) off Louisiana, and said it is capturing almost 630,000 gallons of oil a day. But large amounts of oil are still pouring into the Gulf.

All 33 rigs that are affected by the moratorium are serviced out of Port Fourchon.

In a survey conducted by the port commission, companies in Port Fourchon said the drilling moratorium could force them to lay off 50 to 60 percent of their staff, or more than 4,000 people, said Chiasson.

The moratorium comes on top of a severely curtailed fishing and shrimping season in Louisiana.

According to Chiasson, two-thirds of households in southern Louisiana work in the oil industry and the other third works in fishing.

The shutdown of the two key industries for most of this year would have "a cascading effect" on the region and would result in heavy job losses in Louisiana and around the United States, warned Chiasson.