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Tag: ConocoPhillips

AP Photo/Paul Sakuma

President Obama’s Economy Faces Thousands of Looming Layoffs

The Obama economy is facing thousands of looming layoffs, according to multiple media reports. For example, the Associated Press reports ConocoPhillips is expected to layoff roughly 1,810 employees — 10 percent of its workforce — due to a decrease in oil prices, which are nearing all time lows.