Fears Well Founded - Velma Hart Loses Her Job

Velma Hart

From the WashingtonPost.com - Nobody is safe. Velma Hart, who burst onto the media scene after telling President Obama she was scared about her financial future, has been laid off. Hart was let go as the chief financial officer for Am Vets, a nonprofit Maryland-based veteran services organization. Like most of us, Velma Hart just wanted a little reassurance at Obama's town hall. Hart has become another casualty of the tough economy in which so many people have lost their jobs. "It's not anything she did," said Jim King, the national executive director of Am Vets. "She got bit by the same snake that has bit a lot of people. It was a move to cut our bottom line. Most not-for-profits are seeing their money pinched." King would not say whether the organization had had other layoffs. "Velma was a good employee," he said. "It was just a matter of looking at the bottom line and where could we make the best cuts and survive." Read full story here:

Fears Well Founded - Velma Hart Loses Her Job