Wednesday, November 14, 2012

Jon Stryker Top Donor To Obama To Lay Off Workers Ahead of Medical Device Tax

I'm sure you've heard of all the liberal calls to boycott the companies that are claiming they'll have to layoff workers as a result of Obamacare, and the medical device tax. Of course, most of those CEOs voted for Mitt Romney, but one man stands out in the list of growing companies that are planning cuts. His name is Jon Stryker, and he's a billionaire from Kalamazoo, Michigan.  He owns Stryker Corp.

Jon is also a Democrat. In fact, this past summer, he donated over $2 million dollars to  Barack Obama super PACS. He also happens to rank as one of the top five contributors to Obama's campaign. Jeffrey Katzenberg (CEO of Dreamworks) gets top dog position at $2.566 million. But Jon's donations weren't too shabby.

According to the Associated Press, Stryker is tied for third place in contributions to Obama with Fred Eychaner, founder of Chicago-based publisher Newsweb Corp.
Stryker has donated $2 million to the Priorities USA Action super PAC, which supports Obama, AP reported. He has also given $66,000 in contributions to Obama and the Democratic Party. In July, Stryker wrote a $750,000 check to Priorities Action USA.
According to campaign filings, Stryker made three donations this summer: on June 12, he gave $750,000, on July 20, $750,000 on Aug. 29, $500,000.

That's a lot of moolah. Think of how many hungry mouths that could feed, or jobs that could provide in this country. But I digress.

Jon has this medical device company. He purchased another company, Gaymar Industries, in 2010 for $150 million. Along with that acquisition came two facilities located in New York State. The government is also going to implement a 2.3% tax on medical device sales in January 2013. So guess what? To make up for that increase, Jon is going to close those two New York plants and fire 107 employees by the end of the year. He plans on cutting his workforce by 5% and slashing $100 million from his operating costs.

As a Democrat, and a rich one to boot, shouldn't he be glad to pay the government taxes? Guess not.

Think any liberals will take him to task for this, like they are Papa Johns, Darden Restaurants, and all those other companies that are about to layoff employees. Nah.


Anonymous said...

Check out Rhonda Stryker (Jon's sister) and John Brown (Former Chairman & CEO) who are on the Board of Directors for even more donations

Rik Warren said...

Actually I find Democrats more likely to call out those they disagree with than does the GOP.

Remember Obama was consistently criticized by those within the democratic party fold. The only time the GOP had anything critical to say was during the primaries.

And it is a far cry from not buying a mediocre pizza (of which there are many) and a new knee.

Sour Grapes and straw men. The GOP must broaden their base beyond the true believers and hacks or this last election will only be repeated.

Incognito said...

thank you, I will. :(

Incognito said...

Rik, Actually don't quite agree with you. Democrats rarely criticize their own. In fact, the scandalous things party members do mean nothing to them, but if a Republican does the same thing, they're crucified. I don't recall any Democrat criticizing Obama.

But I agree with the GOP needing to broaden its base.