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Developer: Obama re-election may mean staff cuts

ORLANDO, Fla. — One of Florida's most successful timeshare developers says he's standing by an email he sent to his employees saying he may have to lay some of them off if President Barack Obama is re-elected.

The Orlando Sentinel ( reports that David Siegel, who founded Westgate Resorts in Orlando and employs 3,200 people there, confirmed Tuesday that he sent a letter to his staff this week.

Siegel says the letter wasn't intended to tell his employees who to vote for. He says his nationwide workforce has dropped from 12,000 to 7,000 since Obama took office.

Siegel and his wife Jacqueline were in a satirical documentary released this summer called "The Queen of Versailles." It follows their efforts to build a mansion on Lake Butler.