Merry Christmas, You're Fired...Love, President Obama

Thanks to the 62,615,406 individuals who took off their thinking caps and re-elected President Barack Obama, thousands upon thousands of folks are receiving their pink slips now or soon will over the next several weeks or months.  These lost jobs are often high-paying and are disappearing by the hour. The culprit?  It's none other than Obama's landmark legislation, The Affordable Care Act, aka ObamaCare. Re-electing Barack Obama guaranteed that the 2.3% medical device tax, a key funding source for ObamaCare, will go into effect on January 1, 2013.  This transfer of money from these companies to the federal government, which is effectively a far higher amount than it first appears, is producing massive layoffs in one of the most innovative and life-saving industries in America.  Understand that this 2.3% tax is not on the earnings of medical device makers; rather, it's on the top line, meaning the revenues of the company.  So regardless of whether the medical...(Read Full Post)