They all cite Obamacare as their reasoning for either firing workers, saying they won't be able to hire new workers or reducing worker's hours.
The latest to join the growing list is Papa John’s CEO John Schnatter:
Schnatter made the comments Wednesday night while speaking at Edison State College’s Collier County campus. During his comments, the Papa John’s CEO said that the president’s signature health-care reform law will increase business costs and "That's what you do, is you pass on costs. Unfortunately, I don't think people know what they're going to pay for this," referring to the election results. He went on to say he's neither in support of, nor against the ACA, but the reality of Obamacare is that business costs will rise, resulting in businesses having to make adjustments to reduce the impact on their bottom line.
Schnatter follows Darden restaurants, the parent company of Olive Garden and Red Lobster, who has already experimented with reducing workers hours in anticipation of Obamacare.
Zane Tankel, chairman and CEO of Apple-Metro (Applebee's) says there will be no new hiring, because of Obamacare:
"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."
We can add all these to the growing list of layoffs, business closings and bankruptcies that is a direct result of Obama's job killing policies and Obama's economy.
