Lockheed Martin and other defense contractors, are about to lay off 123,000 defense workers due to Obama's 109 billion-dollar downsizing of the military budget - which starts in January, 2013. (How does that work for the kagillion jobs he "created" in the private sector? Are those private-sector jobs or government jobs? Either way, they're gone.)
The (WARN Act of 1988 - passed by Democrats) requires employers to give 60-days notice to all to-be-fired employees. That drop dead date would be November 1st.
Since this would be bad for the election, (i.e. BO) Obama has promised that our government (This means YOU) would cover all of Lockheed's severance packages to fired employees... if Lockheed would not release the names and locations of those losing their jobs until after the election!
This posting is from a defense contract newspaper called The Hill. Read details below:
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