We have written for two years, and quite correctly we might add that Obama’s regulations and the threat of even more are the primary retardants to US job growth. This is an inconvenient fact for the left, but a fact nevertheless. It is not conjecture; we have it directly from CEO’s.
George Will brings the example of Carl’s Jr restaurants to mind in a recent piece.
Writes Will, “In 1941, Carl Karcher was a 24-year-old truck driver for a bakery. Impressed by the large numbers of buns he was delivering, he scrounged up $326 to buy a hot dog cart across from a Goodyear plant. And the war came. So did millions of defense industry workers and their cars. And, soon, Southern California’s contribution to American cuisine — fast food. Including, eventually, hundreds of Carl’s Jr. restaurants. Karcher died in 2008, but his legacy, CKE Restaurants, survives. It would thrive, says CEO Andy Puzder, but for government’s comprehensive campaign against job creation.”
Will continues, “When CKE’s health-care advisers, citing Obamacare’s complexities, opacities and uncertainties, said that it would add between $7.3 million and $35.1 million to the company’s $12 million health-care costs in 2010, Puzder said: I need a number I can plan with. They guessed $18 million — twice what CKE spent last year building new restaurants. Obamacare must mean fewer restaurants.”
But for all but the willfully blind, this is no surprise.
Finally from Will, “In an economic climate of increasing uncertainties, Puzder says, one certainty is that many businesses now marginally profitable will disappear when Obamacare causes that margin to disappear. A second certainty is that ‘employers everywhere will be looking to reduce labor content in their business models as Obamacare makes employees unambiguously more expensive’”
Let us look to the Nov/12 election for an end to this nonsense.
Robert Craven
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