Wednesday, March 31, 2010

Obama's "laser focus" on jobs? Sallie Mae laying off 30 percent of work force

It appears that President Obama's "laser focus" on jobs really is a death star laser.

Powerhouse student loan provider Sallie Mae says layoffs are imminent as a result of President Obama's new student loan overhaul.

"This legislation will force Sallie Mae to reduce our 8,600-person workforce by 2,500," Conwey Casillas, Vice President of Sallie Mae Public Affairs, said in a statement to Fox News.

My guess if these Sallie Mae employees were members of a union, Obama would do everything in his power to protect their jobs.

Hope and change, baby.

Related posts:

ObamaCare already hurting small businesses

ObamaCare's head-on collision against jobs

ObamaCare a death star-laser against jobs

Union members: More equal than others in Obama's America

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