"An Applebee's New York area franchisee is the latest CEO to go public threatening drastic plans to avoid costs associated with the Affordable Care Act, otherwise known as 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," Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network on Thursday.
Apple-Metro, which runs 40 Applebee's restaurants, employs from 80 to 300 people at each of its locations. Obamacare mandates that businesses with more than 50 workers must offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers.
Most small businesses with 50 or more employees already do offer health insurance, notes John Arensmeyer, CEO and founder of Small Business Majority, a national small business advocacy organization. But restaurant chains typically are among the sliver of businesses not offering insurance to workers. Other food chains have commented publicly that they would take strong measures to avoid the effects of Obamacare, but so far none of them have taken that action." [Source]
Ahh what the hell, if we are lucky all the Applebee's will close down and we will get new restaurants in their place with food that actually tastes good.
But I guess these guys with money all tend yo have a certain way about them.
I mean look what Flipper did after he lost the election:
"Mitt Romney delayed conceding the 2012 election to President Barack Obama, even with the writing on the wall. Once he admitted defeat, however, his campaign went into shutdown mode, quickly dismantling and even canceling the credit cards of campaign aides late on election night.
NBC's Garrett Haake described the abrupt transition of the Romney campaign after the GOP nominee gave his brief concession speech:
From the moment Mitt Romney stepped off stage Tuesday night, having just delivered a brief concession speech he wrote only that evening, the massive infrastructure surrounding his campaign quickly began to disassemble itself.So O cried with his campaign workers and Flipper canceled the credit cards of his. Now if that ain't a synopsis of this entire campaign, I don't know what is.
Aides taking cabs home late that night got rude awakenings when they found the credit cards linked to the campaign no longer worked." [Source]