Tuesday, November 13, 2012

Obama-Care fallout has started.

This is my firs blog and am learning.  I felt very strongly on creating something to get my concerns of our economy and political systems out.  Over half of Americans do not realize how the economy even works.  I say this because over half of Americans voted for a bad economic plan.  How on earth did this happen?  There were reports of poll workers in FL wearing Obama hats and such, reports of Obama-phones and pizza for college students if they voted, and many that were interviewed had no clue as to what was going on in politics.  How can one vote and make a good conscious decision if they don't know a thing about the candidates.    

The evidence of this the fact that there are massive layoffs being announced just after the election.  Businesses both large and small are trying to deal with the future the Obama administration is creating.  The economic policies of this administration will not be good for America.  There is no way to pay for all the things they want without a mounting debt which can not go on forever.  

Here is one example (there are many and I will analyze and post on future blogs)  Papa Johns and Applebees are discussing the changes and it's not looking good at all.  I found the following on www.newsmax.com: 

"That's what you do, is you pass on costs," John Schnatter, founder and CEO of Papa John's told students at Edison State College in Naples, FL. "Unfortunately, I don't think people know what they're going to pay for this."

Schnatter, who supported Mitt Romney, compared the federal government's involvement in healthcare to its running of the U.S. Postal Service.

"The worst entity in the world for running the thing is the government," he said.  Schnatter's remarks were first reported by NaplesNews.com

He estimated the new law will cost Papa John's $5 million to $8 million annually.

Zane Tankel, CEO of Apple-Metro, which owns 40 Applebee's in the New York metropolitan area, told Fox News he is also preparing for changes.  "We've calculated it will cost some millions of dollars across our system.  So what does that say?  That says we won't build more restaurants.  We won't hire more people," Tankel said.

According to the new law, employers with 50 or more employees must provide government-mandated healthcare of risk a $2,000 fine.

"If you have 40 - 50 employees at a restaurant and the penalty is $2,000, and you're going to pay $80,000 or $100,000 penalty, there goes the profit," Tankel said.

"If it's possible to do it without cutting people back, I am delighted to do it.  But that also rolls back expansion, it rolls back hiring more people, and in a best-case scenario, we only shrink the labor force minimally. Best case."

Last week, the non-profit political action group FreedomWorks listed nearly a dozen top, United States companies that plan to start laying off hundreds of employees with the implantation of Obama-care."

I just hope and pray that the legislation can figure how to decrease the economic fall-out that has already started.

Thank you for reading my first blog.  Please let me know what you think so we can start a dialog on these subjects.

No comments:

Post a Comment