economics · government · politics

An Obama supporter’s company will lay off workers due to Obamacare

Well, here’s a bit of irony for you. The Stryker Corporation, a medical device manufacturer, has looked at its bottom line and discovered that the costs they will incur because of the Affordable Care Act will be too much to bear financially for its present workforce. They announced this week that they will have to layoff over 1,000 employees, approximately 5% of their workforce worldwide.

The irony? The grandson of the founder of the company, who owns shares in the company, donated $2 million to a super PAC that backed Obama’s re-election. That grandson has also been known to back other progressive/liberal causes.

Source: Bethany Monk. ObamaCare Forces Supporter’s Company to Lay Off Workers. November 14, 2012.

Harry A. Gaylord


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