Papa John's: Obamacare likely to raise costs, employee's hours being cut

I thought there was supposed to be a "y" in there someplace.

Thanks for correcting that for me.

 

you can't seem to get anything right

 

Well, as of yesterday, we can start bying his pizzas again. . . As he obviously had a change of heart. . . Just in time to keep his customeres. . .and his millions!

 

OK, jac, sure.... Hey, I can wipe my butt on a piece of paper and call it an art masterpiece, but how many rational, sane people will think so? Like I said, NOT ONE DEMOCRAT SENATOR VOTED FOR COMRADE OBAMA'S LAST SUBMITTED "BUDGET". Or is that a "lie", too?

So, what exactly was Obama's last submitted "budget" -- *******...? Not to worry! As we have seen, anything is good enough for a herd of socialist morons who can't even feed themselves without handouts from the government. They truly can't differentiate between an art masterpiece and ******* -- and that's WHY we end up with walking, talking ******* like Obama as the "President" of the United States....

 

>>>MOD Edit Quoted Post and Response Deleted<<<

One last thought (back on topic)... when people start being pushed out into the bottom-feeder ranks of part-time hourly wage hell (with no benefits at all), I'll be looking to see what jac thinks about what a wonderful thing Obamacare is turning out to be. And just remember -- President Jive-ass will continue to be "the savior of the poor" only so long as all the parasites continue to get their flood of welfare goodie! But watch them turn on King Hussein like a pack of starving hyenas if anything stops the "Beggars' Banquet".... Nothing lasts forever -- and especially not something as senseless and half-assed as this "recovery" debt-orgy that Obama/Bernanke/Geithner have contaminated our economy with. When the next fraud balloon pops, it will truly be "the sound heard 'round the world"....

 

You must be a gazillionaire with a crystal ball like that.

Who is going to win the super bowl? What will the over under be? how many penalties will there be and for how many yards? Please respond soonest so I can get my bets down.

thanks very much.

 

You don't need an advanced degree in economics to see exactly where Comrade Obama and the Federal Reserve crime syndicate are sending us. We are tunneling into depths of debt never dreamed of before, and there are no signs of this stopping so long as the Obama/Bernanke/Geithner gang of "Three Stooges" are running the country.

But you wanted me to predict the future? For one thing, we will NOT go off the "fiscal cliff"! The cowardly, disorganized, terrified RINO Republicans in Congress will cave to Obama, and they will give him at least 95% of what he's demanding. Bernanke will go right on spending $40 Billion Dollars in imaginary new money every month for toxic mortgage-backed securities, and the cattle will go right on getting their welfare checks, food stamps, etc., etc. Feel better?

China will continue to grow at 7% - 8% per year, or more, from now on. Their power and wealth will continue to increase, and at some point this is probably going to happen: http://www.youtube.com/watch?v=TYKAbRK_wKA ....

Gazillionaire? No. But I'm, uh, "comfortable". Too comfortable and too well prepared for Comrade Obama or any of his socialist ****-heads to be able to wreck my life. But I do miss the United States that used to exist, and I do kind of wish we had it back... but I realize now that we never will. So, YOU live it, and YOU deal with it! I'm on, uh, vacation....

 

Red Lobster’s Obamacare fail: Why ditching health benefits is really hard


In the world of health policy, Darden Restaurants may become a cautionary tale. The company, which owns Olive Garden and Red Lobster, recently announced plans to test limiting workers’ hours, in order to dodge the health-law’s mandate that employers with more than 50 workers offer coverage to full-time employees.

It didn’t exactly go so well: The company revised its earnings projections downward after seeing a backlash to the decision. Thursday, Darden announced it had completed the test period, deciding it would not move forward with the limited-hours model.

“We have always had a significant number of full-time employees and they are integral to our success,” Darden CEO Clarence Otis said in a statement. “The data we have collected during our test around guest satisfaction and employee engagement has only reinforced this.”

Darden’s foray into limiting insurance coverage, and ensuing retreat, speaks to something I’ve heard from a lot of health-policy experts contemplating how employers will navigate the health-law’s mandate. Nobody wants to be first to drop coverage, they’ll usually say. If they’re going to drop coverage, they want to be part of a big wave, not a trailblazer.

Employers could certainly save a lot if they dropped health insurance: Congressional Republicans put out a report earlier this year estimating that the largest 100 companies could save $422 billion over the next decade if they declined to offer insurance.

The math is pretty simple: The average family insurance plan costs about $15,000. The penalty for not providing coverage is $2,000. Drop insurance for just one employee, and you’ve saved yourself about $13,000. Companies would seem almost foolish, in this light, to keep offering benefits.

But here’s another way to think about it: Right now, employers spend $15,000 on an employee’s health benefits when they could be spending…absolutely nothing. No law currently requires employers to offer health insurance. But the vast majority do so because it serves their interests: They can remain competitive when recruiting employees and keep their workforce healthier and more productive. It also helps a lot that health benefits are essentially tax-free compensation, giving employers yet another incentive to deliver workers’ wages in the form of insurance benefits.

This probably explains why a Towers-Watson survey of 512 large companies found exactly zero planning to drop insurance coverage.

The calculus could, however, change if lots and lots of companies decide buying health insurance just isn’t worth it. All of a sudden, providing health insurance becomes a competitive disadvantage, if you’re throwing millions into a benefit package while competitors put those dollars elsewhere.

Darden tested the waters by being among the first companies to announce a shift away from employer-sponsored insurance. They then, essentially, retreated away from that decision after backlash. Their experience suggests that being first is just as difficult as health-policy experts have predicted.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/06/red-lobsters-obamacare-fail-why-ditching-health-benefits-is-really-hard/

 

Another business that predicted economic catastrophe should Obama be reelected has reversed course.

Isn't this the same guy that told his employees that if Obama was elected, he'd have mass layoffs due to the President's Socialist policies?

http://www.orlandosentinel.com/business/os-david-siegel-raises-wages-20141014-story.html

 

Newsflash: the country's lost 3 million jobs since Obama took office. The Labor Force Participation Rate is down a full three points, and we haven't seen anything like that in a very long time.

And yet here you are trying to blow smoke up everyone's butt by telling us how great the economy is?

I think we all know how great the economy is right now.

 

Help me out a little on this; which Obama policy made this guy's business successful?

 

of course you were completely wrong, as usual

the point is that the things papa john's owner was complaining about, didn't happen

because he is one

obviously you were wrong, like lots of republican 'gloom and doomers' were

 

People do not realize that min wage has not increased at the normal rate because women added to the labor market and have filled positions which once only men held.

The simple economics is that we eat $1 hamburgers because double the Unskilled Labor is available to hamburger places, etal.

 

I'm 68 and my wife's insurance just got cancelled. I'd love to retire but my wife is 10 years younger than I am so I have to work until I'm 76 so she can go on my insurance which is way better and cheaper than anything the ACA has to offer. Good thing I ride a bicycle 60 miles a day and keep pace with people in their 30's. I ride an indoor trainer all winter to stay in shape. It's the best defense against the ACA. I have a spiffy new Cannondale that I paid nearly $4,000 for. I bought it with the money I saved from the thousands of cartons of cigarettes I never smoked and the weed I gave up in 1974. I like pizza but only eat it once or twice a month because it's fattening. As a boomer who is in shape I represent a lot of people who don't eat pizza much. The boomers who ate a lot of pizza, washed it down with beer and then enjoyed a doobie-well, let's just say, they won't be down for breakfast. A lot of younger folks, notice I said folks, I got that from our leader, a lot of younger folks can't afford pizza because they can't get a full time job. It's not hard to figure out. The ACA is just a big sham brought to you by Gruber & Co.

 

Fast food prices are going to go up. Americans will be eating out less.
This is not necessarily a bad thing.

Maybe the woman will have to quit her day job so she can involve herself more with meal preparation for the family. Or maybe the children will just go without a nutritious wholesome meal, while the parents are too busy to care.

 

That would make sense if this were 1955 but then the government took over to save us.

 

It's a very bad thing.

Go ask all those Hollywierd actors what they do when they're not on screen.

 

You wrote this sample of your typical one-liner drivel in response to my observation, "But you wanted me to predict the future? For one thing, we will NOT go off the "fiscal cliff"!" OK.... So, jac, when have we gone off the "fiscal cliff"? Surely, even you and I could agree that the Federal Reserve System has moved heaven and earth to ensure that the free-market forces that apply in an independent economy no longer apply. No one has gone off the "fiscal cliff"... it would be bad for the 1%'ers you hyperliberals SAY you despise so much, and if the Federal Reserve will doggedly defend one segment of society it is that of investment banking houses and stock market gamblers! How does that fit in with your "progressive" ideals...?

 

I would not compare eating at a fast food place to being on stage... lol

 

And Papa john's is just another Chick-fillet.

 

Yea, miserable... except that it is growing better than the rest of the western world, and is doing very well, and has been under Obama's leadership...

Oh, I am certain you can find some statistic that includes the great recession that he inherited to whine about.

 

I know the economy is doing well..... Statistics show it too....

Oh and when did the labor force participation rate start going down? Hmmm, that started 15 years ago... must be Obama's fault.

 

What free market force has the Federal Reserve done away with?

 

15 cents times every pizza they sell, is a lot of money.