I got my Mind Right, Look Out
To be fair it looked like he didn't want to. Manning kind of pushed him into it.
Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.
~Alain de Benoist
Papa John may be just the first of many.
ObamaTax may force what some left-wingers have been touting: European-style job-sharing.
Take one full-time job and split it among two part-timers. Get out from under ObamaTax requirements.
At first it will be limited to low-skill jobs like pizza delivery, but it will percolate up the economy as the crushing load of ObamaTax starts to bite.
I'm not ashamed to admit I took Papa up on his buy one pizza get another pizza free during the election.
The total cost of Obama Care for the company is 5 to 8 million a year under current costs.
Lets say its just 5 million that is 5 million less to invest in growing the company. Or you could say it is 5 million dollars worth of new jobs."We're all going to pay for it," he said, estimating the new law would cost the business $5 million to $8 million annually.
Papa Johns only made 36.8 Million in profit for 2011. That sounds like a lot but they are a publicly owned company so most of that went to share holders. The Minority Interest in Earnings went down -2.0 in 2011. So they where already seeing loss of income from 2010 before Obama Care expenses started.
See all the numbers here: http://investing.businessweek.com/re...asp?ticker=ZZA
If your new to financial statements here is a beginners guide: http://www.sec.gov/investor/pubs/begfinstmtguide.htm
Restaurants are a low margin, recession sensitive business. You have to have real balls and be slightly crazy to operate one restaurant, let alone a bunch of them.
This is a group of employees that are hardly rolling in luxury and thanks to the Obama administration are going to have even less.
But that's OK, Barry has done very well for himself and his bankster friends.
Well it wouldn't be the first time a pro athlete made a terrible business decision...good point MC, he would have been better off buying 17 BofA franchises instead of Papa Johns
Quit lying, Cigar. It doesn't help your cause of socializing America.
The point of a business is to make money. This "greed" is what makes a business owner want to create more jobs because he wants to continue growing and making more money. Liberals are too blinded by their hate for success to understand this.