Obama: Lie To Your Employees About Layoffs, We’ll Cover The Ensuing Lawsuits

  “Of course I’m paraphrasing, but that’s the net effect of guidance the Obama administration to companies with federal contracts (especially defense contractors) that will be hit with automatic cuts due to sequestration.

NEW YORK (CNNMoney) — The White House on Friday told government contractors worried about fiscal cliff spending cuts to hold off on warning employees about possible layoffs.

The government said it would cover legal costs if contractors are forced to slash their payrolls because of the looming $109 billion in automatic cuts next year and are alleged to have violated the WARN Act.”

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