Shortly before the 2012 presidential election, Westgate Resorts CEO David Siegel told his thousands of employees that he might have to lay them off if Barack Obama was elected. How has that turned out?

Siegel—also known for being the subject of the documentary "The Queen of Versailles" about his doomed attempt to build himself and his wife (pictured) America's largest house—did not end firing everyone directly after Obama won the election. But what about now, two years later? The pernicious effects of Obama's socialistic policies have had ample time to take hold. What horrible fate has now been visited upon Siegel's employees after the Obama administration has see to it that he is thoroughly "taxed to death," as Siegel warned in his letter?

In October, Siegel raised his company's minimum pay to $10 an hour. "We're experiencing the best year in our history," Siegel said.

And that is the story of how Barack Obama's socialist policies destroyed American business.

[Via ThinkProgress. Photo via]