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Billionaire CEO Warns Workers of Job Cuts if Obama Re-Elected

HeadlineOct 10, 2012

A billionaire corporate executive has sent a notice to employees warning them of job cuts should President Obama be re-elected. In a memo sent to 7,000 workers, Westgate Resorts CEO David Siegel writes: “If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company. … This means fewer jobs, less benefits and certainly less opportunity for everyone. So, when you make your decision to vote, ask yourself, which candidate understands the economics of business ownership and who doesn’t? Whose policies will endanger your job? Answer those questions and you should know who might be the one capable of protecting and saving your job.” Before the letter, Siegel was perhaps best known for building the largest private home in the United States.

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