Companies plan massive layoffs as Obamacare becomes reality. Is 10% unemployment the new norm?

[Howard]

Companies will transform full time workers receiving benefits to max 30 hour workers who they won't give benefits to to save money. We are probably already at 10% or more true unemployment if you consider the underemployed or those fortunate enough to be able to work two part time jobs. I pity any college grads and lets not even talk about women and young African Americans in the inner cities. The unions will be paying the price for supporting Obama and the democrats as well as the economy goes into recession and people stop buying stuff the union workers make and transport. City workers will get laid off as budgets come under more and more pressure from people who no longer can afford taxes. More home owners will go into foreclosure as they lose their good paying union jobs and the real estate market takes a tumble as a result of higher mortgage rates.

Perhaps at that point (about a year from now) the folks that voted for Obama and who are making fun of Republicans and conservatives today will understand what the election of 2012 was really all about. But I doubt it, they will be too busy attacking them in the House and blaming them for all their woes. So sad America, it could have been different.