In the business world, a diligent board of directors would have long ago fired CEO Obama.
Sometimes it takes only a year of less than expected earnings to result in the termination of a corporate CEO. A couple of underperforming years and a few reasons more, and a CEO would have his bags packed and stowed underneath his buck-stopping desk. A long list of problems — especially one suggesting even a hint of fraud — that fails to generate a satisfactory board response would stir shareholders and lenders to demand the resignation of not only the CEO and other key employees, but also its directors. For without remediation, the company’s stock prices would tumble as shareholders divest and banks pull the plug.
by LAWRENCE SELLIN, PHD
In his 2014 State of the Union address Barack Obama threatened to use more executive orders if Congress and the American people fail to do what he wants.
Obama, America’s first grand mufti of the Constitution, intends to govern by political fatwa.
Unlike a genuine Muslim fatwa, which must be based on theological evidence, Obama fatwas originate from personal whim or political expediency, but is, nevertheless, regarded as a religious ruling, which is now accepted without objection by all Democrats, submissive Republicans and the mainstream media.
Rush Limbaugh broke this news yesterday– Companies must now swear to the IRS they didn’t fire employees because of
Via the Rush Limbaugh website:
Ladies and gentlemen, there’s so much going on out there. The lawlessness of this Regime knows no bounds. There’s nothing stopping this man from doing anything. If he wants to raise marginal tax rates, he can just do it. Nobody’s gonna stop him. Here is the latest. As you know, the Regime recently delayed the implementation of the employer mandate for three years, until 2016. This means that employers who have a hundred or less employees will be subject to the mandate.
The point of this is that this limit of 100 is a golden opportunity for businesses to, once again, fire people to get under that number of 100 so that they are eligible for the delay of the mandate. So what the Obama Regime has done, is said firms and businesses are going to be required to certify to the IRS — under penalty of perjury — that Obamacare was not a motivating factor in their staffing decisions.
I mean, this is absolutely lawless. It is against the law. They cannot, ladies and gentlemen, do this. Specifically, they cannot run businesses this way. They cannot turn staffing decisions into crimes, and this is exactly what they’re doing. Businesses make decisions all the time on the basis of avoidance of costs here and costs there, labor costs, tax costs. They do it all the time — and this is a tax.
Don’t forget, the Supreme Court claimed that all of this is constitutional because these mandates are just taxes. They’re not mandates to buy a product. That would be unconstitutional. Of course, that doesn’t matter now anyway.
“Obama officials made clear in a press briefing that firms would not be allowed to lay off workers to get into the preferred class of those businesses with 50 to 99 employees,” because those businesses are the ones exempt from Obamacare and the employer mandate for three years. Between 50 and 99 employees, you’re exempted. So if you have 103 employees and you fire four of them.
You now have to certify to the IRS, under threat of perjury, that you didn’t do that to avoid Obamacare costs. I mean, you can duck the law, but then only if you promise not to say you’re doing that. Companies must now swear to the IRS that none of their layoffs are because of Obamacare. This must be in writing. It is made under threat of perjury charges. So what they’re trying to avoid here, obviously, is laying people off.
Read the rest here.
This is why some people have been stockpiling ammo:
At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.
By “long-term investments,” bureaucrats mean “continuing flagrant waste.”
“The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”
That is, for financing of the bloated welfare state waste machine.
Socialists’ pathological greed is never sated. It is only a matter of time until Obama et al. follow this lead by collectivizing (i.e., confiscating) our retirement savings and bank accounts to fund the ongoing fundamental transformation, which will not be complete until all of America’s wealth has been depleted. Obama’s new myRA scheme indicates that the Regime is already thinking along these lines.
When that day comes, we will discover whether Americans still have enough character to choose armed resistance over slavery. Even if we don’t, the ammo will still come in handy to use as currency if the government collapses after it finally runs out of other people’s money.
One currency our rulers make more valuable instead of less.