President Barack Obama’s lackluster economy struck another victory for failure this Monday when Freightliner Trucks, a truck manufacturer and subsidiary of Daimler Trucks North America, announced plans to layoff an additional 800 plant employees in North Carolina.
“The cuts — 600 at the Mount Holly plant and 200 at the Gastonia Freightliner parts and distribution facility — will be effective on or before July 1, the Portland, Ore.-based company says,” reported the Charlotte Business Journal.
The reason for the cuts was an expected 15 percent slowdown in retail sales. Moreover, this was the second cutback this year, as Freightliner had laid off an additional 2,186 plant workers nationwide at the start of the year.
And yet Obama wants us to believe the economy is booming? I think not.
According to the Gaston Gazette, however, there may be some good news for these laid off employees.
“Once the market rebounds, those people should be called back,” Mount Holly City Manager Danny Jackson told the paper.
That sounds great in theory, except that both the market and the economy in general are poised to keep getting worse. This means that those callbacks are very unlikely to occur anytime soon, especially if either socialist curmudgeon Bernie Sanders or career criminal Hillary Clinton become our next president.
— EconMatters (@EconMatters) April 7, 2016
So long as we continue on a trajectory abound with even more unnecessary regulations and anti-business legislation as ascribed by Obama, those jobs just aren’t coming back, period. Neither are the jobs lost at numerous other manufactures such as Chrysler and Ford Motor Co.
If anything, these jobs are headed elsewhere — like, say, Mexico, for instance. Speaking of which, the Charlotte Business Journal added that one of Freightliner’s “truck plants in Mexico escaped the latest workforce reductions.”
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