Thanks to Obamacare Smith & Nephew Orthopedics Laying Off 100 Workers Because of 2.3% Excise Tax on Medical Devices

Obamacare costs Americans more jobs …

The 100 employees who are being laid off at  Smith & Nephew Orthopedics in Memphis, TN and Andover, MA can than President Barack Obama and Obamacare for their new found unemployment. The lay offs are being attributed to Obamacare and the excise tax was built into the Affordable Healthcare Act and took effect on January 1, 2013 that puts a 2.3% tax on medical devices. Just yet more brilliance from Barack Obama and the government take over of healthcare. With a poor economy and a jobs market that continues to struggle with job growth, Obama has done his part to make sure even more Americans lose their jobs. All in the name of taxes and increasing g revenue to pay fro his boondoggle called Obamacare.

I guess its kind of hard for you to keep your insurance and doctors like I promised if you lose your job, eh?

Smith & Nephew Orthopedics is laying off an estimated 100 employees in Memphis and Andover, Mass., citing the 2.3 percent excise tax on orthopedic device companies as the reason.

Joe Metzger, senior vice president of corporate communications for Smith & Nephew, said the tax is impacting “a number of companies across the U.S.”

“Smith & Nephew is not immune from this added expense burden,” Metzger said in a statement. “Unfortunately, and in order to absorb this cost burden into our business, this has meant less than 100 positions have been made redundant across various departmental functions in our Tennessee and Massachusetts sites. The company is providing the affected employees with a comprehensive severance package and outplacement support.”

Smith & Nephew employs an estimated 1,815 people in Memphis, according to Memphis Business Journal research. Metzger declined to reveal how many of the roughly 100 layoffs occurred in Memphis. A report in the Memphis Daily News, quoting anonymous sources, said there were 60 local jobs lost.

Just curious, if Obamacare is so affordable, why are people losing their jobs to pay for it?

January 2013 Unemployment Rate Increases to 7.9% … Welcome to the Continued Obama Jobless Recovery

YOU ASKED FOR IT AMERICA, YOU GOT IT … MORE POOR JOBS NUMBERS FOR BARACK OBAMA …

2013 starts off with the same pathetic, ho-hum economic jobs data as 2012 ended. The economy adds another yawn 157,000 jobs in January as the unemployment rate ticks up to 7.9%. Get used to it America, you are the ones who reelected Barack Obama and his failed economic policies. Did you expect things to change with regards to jobs when you reelected that same failed policies and agenda? Welcome to the jobless Obama recovery. How can anyone expect job growth to change when we have a president who believes in increasing taxes and over-regulating business? So is Obama and his minions going to still blame George W. Bush? No, they will blame House Republicans for the next four years. They will find blame with anyone, except Barack Obama.

Obama is laughing at you America for reelecting him

The new year started off with an old story: Employment grew again in January but not at a pace able to lower the jobless rate.

Nonfarm payrolls rose 157,000 for the first month of 2013 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Federal Reserve’s monetary policy or instill confidence that the recovery is gaining steam.

Economists were looking for 160,000 net new jobs created with the unemployment rate holding steady at 7.8 percent.

The ho-hum jobs numbers for January were accompanied by substantial revisions higher for previous months, according to the report from the Bureau of Labor Statistics.

From the Department of Labor:

The number of unemployed persons, at 12.3 million, was little changed in January. The
unemployment rate was 7.9 percent and has been at or near that level since September 2012.
(See table A-1.) (See the note and tables B and C for information about annual population
adjustments to the household survey estimates.)

Among the major worker groups, the unemployment rates for adult men (7.3 percent), adult
women (7.3 percent), teenagers (23.4 percent), whites (7.0 percent), blacks (13.8 percent),
and Hispanics (9.7 percent) showed little or no change in January. The jobless rate for
Asians was 6.5 percent (not seasonally adjusted), little changed from a year earlier.
(See tables A-1, A-2, and A-3.)

Just yesterday the Labor Department stated that the weekly initial claims for state unemployment benefits increased 38,000 to 368,000. Of course this was coupled with Obama ending his failed Jobs Council that met four times in two years. Just curious, do the members of this joke of a Council considered lost jobs? Obama’s minions actually have the nerve to tout this group as a success because the unemployment rate has come down in the past two years. Of course this fails to address the issue that millions of Americans have simply left the work force.

President Barack Obama Averaged 49.1% Job Approval During First Term in Office, Among the Lowest of Post World War II Presidents

Second Term Mandate … Hardly.

According to Gallup, President Barack Hussein Obama’s job approval during his first term in office was among the lowest of ant of the post-World War II presidents. His average of 49.1% during his first term  and 48.1% during his final year of his first term is only above Jimmy Carter and George H.G. Bush. However, these two individuals lost reelection. With a consistent high unemployment rate, record number of individuals on food stamps, near record low job participation and record debt, it makes one scratch their heads how GOP presidential candidate Mitt Romney did not defeat Obama. 

One really has to wonder just how low Barack Obama’s job approval ratings would be if he did not have the liberal MSM carrying his water and opening supporting and campaigning for him. How would the American people feel about Barack Obama if they did not have a lying and complicit propagandist media running cover for him? It explains how such an epic failure of a president was reelected. Which begs the questions, had it not been for the corrupt liberal media complex, would a lazy and apathetic America still voted him in for a second term or would they still have bought into Obama’s divisiveness and class warfare?  

President Barack Obama averaged 49.1% job approval during his first term in office, among the lowest for post-World War II presidents. Only Jimmy Carter and Gerald Ford had lower job approval averages. Obama’s first-term average is most similar to Bill Clinton’s. Lyndon Johnson, John Kennedy, and Dwight Eisenhower were the most popular first-term presidents.

Obama’s first-term approval average, like those of most presidents with lower first-term averages, was likely dragged down by a sluggish economy. Clinton and Reagan saw higher second-term approval as the economy improved. Obama’s approval rating has also shown improvement, with a 48.1% average in his fourth year in office after a 44.4% average in his third year.

Welcome to the Obama Non-Job Recovery … Long Term Unemployment at Highest Level Since WWII at Nearly 40 Weeks

WHY DID AMERICA REELECT SUCH AN EPIC JOBS FAILURE?

During the Obama administration … unemployment is considered a long term employment. The fact that Barack Obama has promised jobs and claims he has created them has to be one of the biggest farces and disappointments of the America people in 2012. The Obama job recovery has been a joke and sadly the American people reelected this president and did so voting  for higher unemployment, lower incomes, record government spending, and a stagnant under-performing economy. The failures of the Obama administration are beyond comprehension when it comes to jobs and employment, yet Americans either are uniformed or they like being on unemployment benefits.

In an Obama world 12 million Americans remain unemployed, 22.6 million Americans were unemployed or underemployed in December and the average unemployed American is out of work for nearly 40 weeks. We are not even going into the record number of Americans on food stamps and disability. Think about that America, your average American is on unemployment for nearly a year, this is the highest level since WWII. The levels are emphasized by the visual of the below chart. How can anyone think that Obama is serious or cares about people getting back to work?

More from FOX News America’s News HQ discussing the dismal Obama jobs record during his first term. It is truly incomprehensible how Americans reelected this failure of a president. Has America gotten that lazy that they like collecting unemployment and sitting on the coach for 40 weeks? Sorry, but one really has to question a country that would reelect such a jobs failure when that was supposedly the number one issue during the election. Guess what you can expect America in a second Obama term … more of the disastrous same. Now Obama is on to bigger and more disastrous things to destroy America like weakening the 2nd Amendment, amnesty for illegal immigrants and of course, increasing the US debt to unsustainable levels. And you voted for this.

How’s that Hopey-Changey Stuff Working … Obama Supporters Hardest Hit in Latest December Jobs Report – Blacks, Hispanics Woman & Young Adults Continue to Suffer with Unemployment

Hey Obama supporters, Blacks, Hispanics, Woman and Youth … How’s that Obama “Hopey-Changey” stuff working out for you?

The December Jobs report came out yesterday showed that the unemployment rate ticked up to 7.8%. Of course that does not even count the millions of individuals who have given up completely and stopped looking for work. What is most amazing that the very people who have supported Obama the most are the ones who have been adversely affected by the failed Obama jobs recovery. December’s Millennial jobs report for “Youth Unemployment” was miserable at 11.5%.

OBAMA THANKS YOU FOR HIS REELECTION, SUCKERS

• The overall unemployment rate for 18-29 year olds for December 2012 is 11.5 percent (NSA).
• The unemployment rate for 18-29 year old African-Americans for December 2012 is 22.1 percent (NSA)
• The unemployment rate for 18-29 year old Hispanics for December 2012 is 12.2 percent (NSA)
• The unemployment rate for 18–29 year old women for December 2012 is 10.4 percent (NSA).

The declining labor force participation rate has created an additional 1.7 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
If the labor force participation rate were factored into the 18-29 unemployment calculations, the actual Millennial unemployment rate would rise to 16.3 percent (NSA).

Overall, blacks, Hispanics, Woman all increased in the December Jobs report from the November one:

Among the major worker groups, the unemployment rates for adult women
(7.3 percent) and blacks (14.0 percent) edged up in December, while
the rates for adult men (7.2 percent), teenagers (23.5 percent),
whites (6.9 percent), and Hispanics (9.6 percent) showed little or no
change. The jobless rate for Asians was 6.6 percent (not seasonally
adjusted), little changed from a year earlier.