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Thread: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by RabidAlpaca View Post
    Credit Default Swaps. The banks created a new synthetic market where they packaged together bad debt and sold it to other banks and investors, which essentially removed the risk from their loans. This freed them up to make more and more loans to less and less qualified people. Sub-prime mortgages were handed out by the boatloads. Loans to people who had no business taking out housing loans, much less at the ridiculous interest rates they were being charged. One day the system came collapsing down when people started defaulting on their loans and the market realized that the majority of the CDS's were absolutely worthless.

    This was not the only cause of the crisis, but it was the biggest part of it. Though the federal government did play a role, YES, the banks are primarily responsible for the crisis, and we decided to bail their rich asses out.

    I believe you were misinformed.
    It was the government who not only encouraged banks to lend mortgages to those who couldn't afford them, they actually passed laws forcing banks to lend money to people who would not otherwise be eligible for them through the traditional means. In fact Barrack Obama, during his 'community organizing' days, was one of those who brought a class action suit against City Bank (I believe it was) for not allowing sufficient mortgages to minority applicants. Again, it was the government's attempts at social engineering that was the source of the problem, and there will naturally more of that on the way.

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by Fisher View Post
    I really have no problem with Canadian leftist as long as they do not pretend that the reason they don't need a big military is not because the US next door would defend them and the world knows it.
    Of course they believe that Americans are warmongers and Canadians are peace keepers. It is what you would expect from any leftist.
    I don't even mind people being critical of the US from abroad. I just think they need to realize the huge military we pay for saves them the need to have one of their own of that size and scale, which in turn, allows them to be able to afford more social spending.
    You're preaching to the choir here. The middle and right agree with you 100% but the leftists will disagree, just as they do in your own country.
    I would mind US leftist a lot less if they actually tried to be effective at the state and local levels instead of buying their power in DC. There shouldn't be a mile of difference between environmentalists and conservationists but there is because conservation require boots on the ground outside the beltway and environmentalists do not protect much of anything except themselves.
    It's the same in every western democracy.

  3. #183
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by Hairytic View Post
    It's rather funny how only the right wing premiums have gone up. I never hear from moderates or leftists that their premiums have gone up.
    Its funny that for someone who dont pay the premiums their rates havent went up. It seems as though our leftist friends never have to pay the bill when its due.
    Semper Fidelis, Semper Liber.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by JohnWOlin View Post
    because hey, they can offer a million free pizzas for a promotion and the CEO has a ****ing moat around his mansion but he'll be godddamned if he has to help his employees out.
    Why should he? Obama gave exemptions to 1200 corporations, including Wal-Mart, whose heirs are worth $20 BILLION (not million) EACH. If THEY can't afford ObamaCare, Papa Johns certainly can't.

    But Papa Johns made the mistake of not buying off the President.

    Hmmm, let's see if you even DARE criticism Obama for exempting 1200 of the wealthiest corporations from ObamaCare?

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by PirateMk1 View Post
    Its funny that for someone who dont pay the premiums their rates havent went up. It seems as though our leftist friends never have to pay the bill when its due.
    You're right. The only ones who pay bills in this country are the republicans. Wow, you got me on that one.

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by Hairytic View Post
    You're right. The only ones who pay bills in this country are the republicans. Wow, you got me on that one.
    Wasnt trying to get ya. Just being sarcastic. By the way I am NOT a republican.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by Hairytic View Post
    This article can do it better than I can.
    How to Crash an Economy and Escape the Scene - Bloomberg
    The Government is in bed with big buisness but Americans don;t seem to care.

    They will support their chosen political party and their leaders no matter what happens.

    This next term will bring even more crony capitalism with money flying in every direction, pockets being lined, everyone looking the other way, and with no one going to jail.

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by joko104 View Post
    Why should he? Obama gave exemptions to 1200 corporations, including Wal-Mart, whose heirs are worth $20 BILLION (not million) EACH. If THEY can't afford ObamaCare, Papa Johns certainly can't.

    But Papa Johns made the mistake of not buying off the President.

    Hmmm, let's see if you even DARE criticism Obama for exempting 1200 of the wealthiest corporations from ObamaCare?
    You may appreciate these observations.Dodd-Frank’s crony capitalism | FP Comment | Financial Post

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by Grant View Post
    The Government is in bed with big buisness but Americans don;t seem to care.

    They will support their chosen political party and their leaders no matter what happens.

    This next term will bring even more crony capitalism with money flying in every direction, pockets being lined, everyone looking the other way, and with no one going to jail.
    Wow, that's a cool trick. You can see into the future.

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

    Quote Originally Posted by JohnWOlin View Post
    It's a regulation man. You don't see the guy bitching that he can't use dog food on his pizzas and all his food has to be guaranteed safe for consumption. It is simply him wanting to whine and bitch over something that has no significant impact on his bottom line.
    by what logic or 'right' have we decided that employers are responsible for more than giving people a job with a paycheck? By what logic is an employer responsible for an employees healthcare ? Or their family? And for that matter, why the arbitrary 50 employees?

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