Obama donors getting off to fast start....
- Thread starter NOVA
- Start date
christiefan915
Catalyst
Another news flash: companies have been either beefing up or cutting back on staff for centuries, as long as there have been companies, and it's usually related to supply and demand. You posted that P&G "plans more job cuts" and I googled their site and found 118 job openings, yet nobody ever reports that side of the story. Maybe you have info on CNN, Times, Forbes etc. having only good news to report but I doubt it. When it's good, it's not news.
Cancel 2016.2
The Almighty
so they raise prices to pay for the increased expenses and somehow they are 'making a political statement'???
Um... ok.
christiefan915
Catalyst
Either that, or a sleazy back-door way of increasing prices while avoiding blame. I agree with the following article.
"The No. 1 consequence of Obama’s re-election is that it essentially guarantees his signature health care law will be implemented. And not everyone is happy about it. Zane Tankel owns about 40 Applebees franchises. He says that as a result of the law’s penalties on employers who don’t offer health insurance to their workforce “we won’t build more restaurants, we won’t hire more people.” John Metz owns about 40 Denny’s outlets, several Dairy Queens, and is the brains behind the Hurricane Grill & Wings chain is even blunter. He says he’ll be tacking a 5 percent surcharge onto customers’ bills in order to defray the costs of Obamacare.
If you’re not happy about that surcharge, he’s got an answer for you. Cranky customers “can reduce the amount of tip they give to the server, who is the primary beneficiary of Obamacare.”
These guys are being jerks, but they’re helpfully bringing to light what was obscured during the original debate over the health care bill—rich businessmen don’t like it because it raises their taxes. The Republican Party is very sensitive to the views of rich businessmen, and so they didn’t like the health care bill. The debate, unfortunately, got bogged down in a lot of nonsense about death panels and socialism rather than focusing on the brass tacks stuff that matters. Low-income workers—the kind of people likely to be working as servers at Denny’s—really will see huge benefits from the law. And the kind of people who own dozens of chain restaurant franchises really will suffer, at least a bit.
The main issue facing chain restaurant owners is the law’s “employer responsibility” provision. If you’re a small employer with fewer than 25 employees, the Affordable Care Act is extremely generous to you and you’ll get special subsidies to help make an insurance plan for your workers affordable. But if you have over 50 employees, then it’s another matter. If everyone on your payroll already gets group health insurance, you’re in the clear. If they don’t, but they’re all paid enough to buy insurance on the new insurance exchanges without a subsidy, then you’re also in the clear. But if you’re employing low-wage workers who’ll get subsidies for their new insurance plans, then you’re going to get taxed to the tune of $2,000 a worker.
For a few categories of employer, this is supposed to encourage businesses to offer health insurance. But in many cases, especially in the food service sector, it’ll be much cheaper to pay the tax than to add a more generous benefits package. Naturally employers don’t like that.
But what’s the scale of the issue here?
John Schnatter, CEO of Papa John’s and a major Mitt Romney donor and fundraiser, gave us a hint in an August call with shareholders when he complained that it would raise costs about 11 to 14 cents per pizza. That’s peanuts. Between variations in sales taxes, fluctuations in ingredient costs, and place-to-place differences in rents, any food chain is used to dealing with price swings on this magnitude. At worst, an increase in labor costs along these lines is going to mean that cash wages in the service sector grow at a modestly slower rate for the next year or two.
That said, there is good reason to be generally skeptical of the idea that legislative fiat can increase workers’ compensation. Compensation is ultimately going to be driven by productivity, not the whims of Congress. But if there was ever a good time to give it a shot, it’s probably now. The labor compensation share of overall economic output has historically fluctuated in a narrow range, but it fell steadily in the post-dot-com era before completely collapsing during the Great Recession. The existence of a glut of unemployed workers during the past few years of recovery has prevented the fruits of economic growth from being shared with most workers. Consequently, after-tax corporate profits as a share of GDP have soared to a record level.
In other words, if there was ever a time when firms were prepared to eat higher costs because of reduced profits that time is today.
Indeed, evidence from San Francisco suggests we should be very suspicious of firms pleading poverty as they charge surcharges. The city adopted pioneering universal health care legislation that, like Obamacare, imposed higher costs on some classes of employers. Many of them responded with special health care surcharges. Upon investigation, much of this surcharge money just ended up in the pockets of business owners, as with any other price increase.
There’s not necessarily anything wrong with that. The fees airlines charge for extra checked bags aren’t in any literal sense pegged to the cost of baggage handling. It’s just a way of raising prices on some customers. That’s business. If Denny’s thinks it’ll make more money by raising prices 5 percent, they’re free to do so and call it whatever they want. Maybe specifically blaming Obama for price hikes with a special surcharge will make customers feel better about paying more, or maybe whining will drive liberal customers away. But there’s no reason to take this any more seriously than any other marketing gimmick."
http://www.slate.com/articles/busin...amacare_denny_s_applebee_s_and_the_pizza.html
GameStop - Closing 200 Outlets - CLOSING
Secura Insurance will close its Okemos, Mich., office by April 1- CLOSING
Crooked Fence Gifts in Enumclaw WA - But Continuing Online- CLOSING
Anastasia's Accessories in Hoboken NJ- CLOSING
My Country Delicatessen in Niagara Falls- CLOSING
Both Johnnie's Foodmaster stores in Somerville MA- CLOSING
Update: Laurel Hill Healthcare in Winsted- CLOSING
The Monroe County Home in Aberdeen Miss.- CLOSING
Superfresh market on Cuthbert Boulevard NJ- CLOSING
Secura Insurance will close its Okemos, Mich., office by April 1- CLOSING
Crooked Fence Gifts in Enumclaw WA - But Continuing Online- CLOSING
Anastasia's Accessories in Hoboken NJ- CLOSING
My Country Delicatessen in Niagara Falls- CLOSING
Both Johnnie's Foodmaster stores in Somerville MA- CLOSING
Update: Laurel Hill Healthcare in Winsted- CLOSING
The Monroe County Home in Aberdeen Miss.- CLOSING
Superfresh market on Cuthbert Boulevard NJ- CLOSING
christiefan915
Catalyst
No. of businesses closed 2008 - 663,900
No. of businesses closed 2007 - 592,410
No. of businesses closed 2006 - 599,333
No. of businesses closed 2005 - 565,745
http://www.statisticbrain.com/
Year......... Closed ..............Businesses Bankruptcies
2010 .......675,000 ..............65,250 Add 'em up yourself
2009 .......660,900 ..............60,837
2007- Ceased because owner retired...................................329,409
2007- Ceased because owner died......................................40,775
2007- Ceased because owner started another business...........23,321
2007- Ceased because owner sold the business.....................22,572
TOTAL...........................................................................416,077
Are we having fun yet ?
DamnYankee
Loyal to the end
What's Darla going to do without Twinkees?
USFREEDOM911
MAKE AMERICA GREAT AGAIN
DamnYankee
Loyal to the end
That and cheeze whiz...Go straight for the kool-whip, in a can, and mainline it.
apple0154
MEOW
500 laid off. 1000 laid off. 5,000 laid. 10,000 laid off.
So what?!! How many millions will have health coverage under Obama? The Harvard study showed 45,000 people die every year from a lack of medical insurance. Die. Not laid off. Not unemployed. DEAD!
Get it? Fvcking DEAD!
.
.
.
.
I suppose it's time for a little humor. Dedicated to our Repub/conservative friends.
So what?!! How many millions will have health coverage under Obama? The Harvard study showed 45,000 people die every year from a lack of medical insurance. Die. Not laid off. Not unemployed. DEAD!
Get it? Fvcking DEAD!
.
.
.
.
I suppose it's time for a little humor. Dedicated to our Repub/conservative friends.
DamnYankee
Loyal to the end
Who's paying for ObamaCare if no one is working?
apple0154
MEOW
Not to worry. They'll be plenty of people working to pay for it. Besides, if there is a problem paying for it all Congress has to do is make it a full government plan as government plans save, at the minimum, 1/3 the cost. Check the statistics.
DamnYankee
Loyal to the end
Since so many people voted "in their best interest", there is no guarantee that there will be enough working to pay for it. And since there is no incentive for the purchasers to save money, there won't be that force to drive costs down. Government rarely provides services at less cost than private entities.
In the largest staff reduction in its nearly 100-year history, Orlando Health is cutting up to 400 jobs starting immediately, hospital system officials announced Monday.
The move is part of a broader effort to position the hospital system for the health-care overhaul, CEO Sherrie Sitarik said.
The elimination of jobs will occur in two phases and represents a 2 percent to 3 percent reduction in the system's 16,000-person work force, said Orlando Health spokeswoman Kena Lewis. The cuts affect all departments and all eight of the system's hospitals, including Orlando Regional Medical Center
(about 480 jobs )
http://www.orlandosentinel.com/news...lando-health-layoffs-20121116,0,7763193.story
The move is part of a broader effort to position the hospital system for the health-care overhaul, CEO Sherrie Sitarik said.
The elimination of jobs will occur in two phases and represents a 2 percent to 3 percent reduction in the system's 16,000-person work force, said Orlando Health spokeswoman Kena Lewis. The cuts affect all departments and all eight of the system's hospitals, including Orlando Regional Medical Center
(about 480 jobs )
http://www.orlandosentinel.com/news...lando-health-layoffs-20121116,0,7763193.story
apple0154
MEOW
Check the statistics. Every one, without exception, shows government medical saves money. As for incentive every country with a government plan has managed to find the incentive.
Why don't you check the statistics? Any statistic. They all show the same thing.