It Begins – Producers Already Going Galt

It hasn’t even been 48 hours since we found out President Obama was given a second term and stories of producers going Galt are already beginning.

In Las Vegas, a business owner with 114 employees is letting go 22 of those employees because he knows Obamacare won’t be repealed. He’s not going full Galt, so to speak, but cutting off about 20% of his workforce is a pretty big step in that direction.

I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner. …

I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. (Read More)

He’s not the only one.

A doctor in Nebraska has been telling his patients that he intends to close his practice and leave the country if Obama is re-elected. Obamacare, he says, will destroy his practice, and he has no intentions of working for the government. It appears that he has not been uttering idle threats. He has purchased property in another country and he really plans to leave.

An executive for a major Midwestern corporation, which recently merged with a similar firm in a larger city, has been contemplating relocation in order to continue working for the company that has employed her for more than three decades. Obama’s re-election has finalized her decision.

“I’m done,” she says at the peak of her career. “There’s no way I’m going back to this level of work and stress and taxation. I’m going Galt. Elections have consequences. I’m over it. You’d be surprised how cheaply I can live. They can tax somebody else.”

The owner of a Japanese restaurant tells one of his employees, who supported Obama, “If he wins, you will lose your job.” It is not a threat. He simply knows what is coming.

The owner of a picture framing gallery, who has struggled to keep her business afloat for the past three years, will close her doors by the end of this year. The final, deciding factor for her was the result of this presidential election. “No one even has the money to pick up the work I’ve already framed for them,” she laments, “and it’s only going to get worse. I’m not working this hard for nothing.” (Read More)

Who can blame any of these people? The past four years was only Obama’s opening act. He was saving the worst for after the election knowing full well that once people started seeing and feeling the disastrous effects of his policies he’d lose his grip on power. They’ll find out soon enough.

I’m sure there are plenty more out there who wish they could just quit. But those of us with families have no choice but to continue working and feeding this beast. But we can have an effect in other ways. I’m thinking that it’s probably a good idea to severely limit spending on anything that isn’t necessary to survival. Not only will it be my own small way of protesting, it also makes perfect economic sense for our family. May as well start saving for the even tougher economic times ahead.