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Politics : Mainstream Politics and Economics

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From: Paul Smith7/20/2012 11:58:26 PM
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The Coming Fiscal Cliff - Impact on the Election

According to a floor speech by Oklahoma Republican Sen. Jim Inhofe, the president has asked those in the defense industry to delay pink slips until after the Nov. 7 election. Fortunately for those the president would prefer to blindside, Inhofe will have none of it:

I have every reason to believe, because I’ve heard from people in industry, that the president of the United States is trying to get them to avoid sending pink slips out until after the Nov. 7 election. I would remind him that we have something called the Workers Adjustment and Retraining Notification Act, the WARN Act. It requires these companies to give 60 days’ notice of pending layoffs.

Since sequestration will take place on Jan. 2, these workers must be notified of their pink slip by Nov. 2. This is what I’d like to remind those companies: They don’t have to wait. If they want to notify workers today, they can do that. I think it is imperative that the workers who are going to be laid off work as a result of the Obama sequestration be notified in advance of the November election. We’re going to do everything we can to make sure that happens.

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