Originally Posted by gunns
Bob Murray has laid off 156 coal workers in Illinois and Utah because Obama won. Now I don't know the specifics of this but I do know Murray is a whack job. He could give a **** less about the workers.
Its a big economic misconception to think that a job exists because employers care. They may care and its nice if they do. But at the end of the day if jobs don't create profit they cease to be.
And the coal market is turning to ****. Both for political and other reasons. To think a guy's going to lay people off at the expense of profits is interesting. But its more likely he looked at the future and saw there was no profitable outlet for that much labor.
Obama said he'd like to bankrupt new coal projects. Why is it wrong for this guy to take him at his word?