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What happened to all of the doom and gloom economic threads?
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richard_daily
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Please shut the fuck up with your toe sucking Obamamania.
Aka, you can't handle the truth, can you mr. "republican congress"?
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mercury14
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Please shut the fuck up with your toe sucking Obamamania.
If plain facts are part of Obamamania then sticking to distortion and group delusion is GOPmania, right?
All that so called "tax cut" did was rob them of their future SS benefits.
If that's all it did then there will not be any economic impact when the cuts expire.
mercury14
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Really that's all?
Busybody
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Its not enough to call all these people RACISTS
Its not enough to say ITS ONLY one or two
ITS TIME TO FACE REALITY
Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with cost of legislation
By James Nye
PUBLISHED:00:59 EST, 15 November 2012| UPDATED: 01:33 EST, 15 November 2012
Comments (194)
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President Obama's election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power - but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny's and owns the Hurricane Grill & Wings franchise has decided to offset that by adding a five percent surcharge to customers' bills and will reduce his employees' hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is 'the only alternative. I've got to pass on the cost to the customer.'
A Florida restaurant owner who runs 40 franchises of the Denny's restaurant chain has threatened to add a five percent surcharge to customers bills in an effort to combat Obamacare
The fast-food business owner is set to hold meetings at his restaurants in December where he will tell employees, 'that because of Obamacare, we are going to be cutting front-of-the-house employees to under 30 hours, effective immediately.'
Calls to boycott Applebee's after CEO threatens hiring freeze and layoffs over Obamacare
Claiming that he is not anti-insurance Metz has said that he understands the problems this will cause for his employees.
John Metz also owns Hurricane Grill & Wings which has 48 franchises around the country and falls under the umbrella of his firm RREMC Restaurants
'I think it's a terrible thing. It's ridiculous that the maximum hours we can give people is 28 hours a week instead of 40,' said Metz to the Huffington Post.
'It's going to force my employees to go out and get a second job.'
Obamacare requires businesses or franchises 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.
The program mandates that only employees working more than 30 hours a week are covered under their employers health insurance plan, chains like Olive Garden and Red Lobster are already considering reduced worker hours.
'Obviously, I'd love to cover all our employees under that insurance,' said Metz.
'But to pay $5,000 per employee would cost us $175,000 per restaurant and unfortunately, most of our restaurants don't make $175,000 a year. I can't afford it.'
Obamacare supporters and protesters gather in front of the U.S. Supreme Court to find out the ruling on the Affordable Health Act June 28, 2012 - the Court upheld the controversial legislation
Several other restaurants including Papa John's, Apple Metro and Jimmy John's have announced plans to skirt Obamacare by reducing employees hours to make them part-time.
Indeed, Metz is adding the surcharge because he believes that eventually firms will be fined for not covering staff who complete over 30-hours in a week,
In November, a poll for Kaiser Health Tracking found that 43 percent of the United States had a favourable opinion of Obamcare, while 39-percent had an unfavourable one.
'Instead of indirectly charging customers by raising prices, he is directly charging and making a political statement,' said Paul Fronstin, director of the health research program at the Employee Benefit Research Institute in Washington.
Here to stay: President Barack Obama's landmark health care legislation has been cemented into law by his re-election
'Potentially 43 percent of this person's customers may find the explicit charge a turnoff, and vote with their feet and their money and choose not to eat there.'
Despite this, Metz has admitted he is willing to take the heat should the decision backfire on him.
'We're trying to get more restaurant operators rallied around the concept of adding a 5 percent surcharge to their bill to cover the costs of Obamacare as opposed to raising prices,' he said.
Earlier this week Papa John's CEO John Schnatter told shareholders in a conference call this week that Obamacare would cost the company 11 to 14 cents per pizza, a cost that would be passed on to customers.
Read more: http://www.dailymail.co.uk/news/art...ours-deal-cost-legislation.html#ixzz2CJ1SxStc
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Its not enough to say ITS ONLY one or two
ITS TIME TO FACE REALITY
Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with cost of legislation
By James Nye
PUBLISHED:00:59 EST, 15 November 2012| UPDATED: 01:33 EST, 15 November 2012
Comments (194)
Share
.
.
President Obama's election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power - but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny's and owns the Hurricane Grill & Wings franchise has decided to offset that by adding a five percent surcharge to customers' bills and will reduce his employees' hours.
With Obamacare due to be fully implemented in January 2014, Metz has justified his move by claiming it is 'the only alternative. I've got to pass on the cost to the customer.'
A Florida restaurant owner who runs 40 franchises of the Denny's restaurant chain has threatened to add a five percent surcharge to customers bills in an effort to combat Obamacare
The fast-food business owner is set to hold meetings at his restaurants in December where he will tell employees, 'that because of Obamacare, we are going to be cutting front-of-the-house employees to under 30 hours, effective immediately.'
Calls to boycott Applebee's after CEO threatens hiring freeze and layoffs over Obamacare
Claiming that he is not anti-insurance Metz has said that he understands the problems this will cause for his employees.
John Metz also owns Hurricane Grill & Wings which has 48 franchises around the country and falls under the umbrella of his firm RREMC Restaurants
'I think it's a terrible thing. It's ridiculous that the maximum hours we can give people is 28 hours a week instead of 40,' said Metz to the Huffington Post.
'It's going to force my employees to go out and get a second job.'
Obamacare requires businesses or franchises 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.
The program mandates that only employees working more than 30 hours a week are covered under their employers health insurance plan, chains like Olive Garden and Red Lobster are already considering reduced worker hours.
'Obviously, I'd love to cover all our employees under that insurance,' said Metz.
'But to pay $5,000 per employee would cost us $175,000 per restaurant and unfortunately, most of our restaurants don't make $175,000 a year. I can't afford it.'
Obamacare supporters and protesters gather in front of the U.S. Supreme Court to find out the ruling on the Affordable Health Act June 28, 2012 - the Court upheld the controversial legislation
Several other restaurants including Papa John's, Apple Metro and Jimmy John's have announced plans to skirt Obamacare by reducing employees hours to make them part-time.
Indeed, Metz is adding the surcharge because he believes that eventually firms will be fined for not covering staff who complete over 30-hours in a week,
In November, a poll for Kaiser Health Tracking found that 43 percent of the United States had a favourable opinion of Obamcare, while 39-percent had an unfavourable one.
'Instead of indirectly charging customers by raising prices, he is directly charging and making a political statement,' said Paul Fronstin, director of the health research program at the Employee Benefit Research Institute in Washington.
Here to stay: President Barack Obama's landmark health care legislation has been cemented into law by his re-election
'Potentially 43 percent of this person's customers may find the explicit charge a turnoff, and vote with their feet and their money and choose not to eat there.'
Despite this, Metz has admitted he is willing to take the heat should the decision backfire on him.
'We're trying to get more restaurant operators rallied around the concept of adding a 5 percent surcharge to their bill to cover the costs of Obamacare as opposed to raising prices,' he said.
Earlier this week Papa John's CEO John Schnatter told shareholders in a conference call this week that Obamacare would cost the company 11 to 14 cents per pizza, a cost that would be passed on to customers.
Read more: http://www.dailymail.co.uk/news/art...ours-deal-cost-legislation.html#ixzz2CJ1SxStc
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Busybody
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I don't want to alarm anyone, but Chrysler just announced that it would add 1,250 new jobs and spend $238M at three Detroit-area plants in the near future.
Clearly they waited till Oblama-llama was re-elected!
so "you" are HAPPY with the economy and its direction?
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so "you" are HAPPY with the economy and its direction?
I know a guy who absolutely LOVES it!!!!
107
I love BronkOH!bama
Im up 31% of my naked call position in a hr or so
will cover.......
Oh, I will have to pay TAXES
Fuck You Bronk, I dont pay TAXES
Busybody
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You didnt ANSWER
are YOU happy with the direction of teh US economy as it stands today?
Busybody
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Busybody
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We ALL knew before the election, the "good" numbers were LIES
Island"man" is HAPPY
The Election Is Over And Philly Fed Plunges
Let's see if Bush Sandy can be blamed for not only the Empire Fed, whose employment and expectations components plunged, for the Initial Claims, which soared and missed expectations by the second most in the past 13 years, but also for the Philly Fed, which just plunged from 5.7 to -10.7, far below consensus of 2.0, the 6th miss of the last 8 (except for last month of course), and returning to solidly negative territory after last month's "miraculous" pre-election surge. And while virtually all subcomponents plunged, the one that stood out to the upside was Prices Paid, as the margin collapse is set to ravage all companies not only in the greater Philadelphia region but everywhere else soon as reality, deferred for the duration of the Obama reelection campaign, slams everyone in the stomach.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11/Philly%20Fed_0.jpg
From the report:
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased 16 points, to a reading of ?10.7. The fallback of the general activity index followed a single positive reading in October that was preceded by five negative monthly readings (see Chart). Nearly 32 percent of firms reported declines in activity this month, while 21 percent reported increases. The demand for manufactured goods, as measured by the current new orders index, declined 4 points from last month and remains in negative territory.
Shipments also fell this month: The current shipments index fell 7 points, to ?6.7. Declines in inventories were also more widespread this month; 31 percent of firms reported declines compared with 21 percent in October. Labor market conditions at the reporting firms remained weak this month. The current employment index, at ?6.8, was slightly improved from its negative reading in October (?10.7) but has remained negative for five consecutive months. The percentage of firms reporting decreases in employment (20 percent) exceeded the percentage reporting increases (13 percent). Firms also indicated fewer hours worked: The average workweek index was virtually unchanged but posted its eighth consecutive negative reading.
Price Indexes Drift Higher
The indexes for prices paid for purchased inputs and for prices received for respondents’ own manufactured goods moved higher this month. The prices paid index increased from 19.0 to 27.9, but the increase was attributable to fewer firms reporting lower prices rather than more firms reporting price increases. With respect to their own manufactured goods, the percentage reporting an increase in product prices (16 percent) was greater than the percent reporting a decrease (10 percent). The prices received index increased marginally, from 5.4 to 6.3.
Island"man" is HAPPY
The Election Is Over And Philly Fed Plunges
Let's see if Bush Sandy can be blamed for not only the Empire Fed, whose employment and expectations components plunged, for the Initial Claims, which soared and missed expectations by the second most in the past 13 years, but also for the Philly Fed, which just plunged from 5.7 to -10.7, far below consensus of 2.0, the 6th miss of the last 8 (except for last month of course), and returning to solidly negative territory after last month's "miraculous" pre-election surge. And while virtually all subcomponents plunged, the one that stood out to the upside was Prices Paid, as the margin collapse is set to ravage all companies not only in the greater Philadelphia region but everywhere else soon as reality, deferred for the duration of the Obama reelection campaign, slams everyone in the stomach.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11/Philly%20Fed_0.jpg
From the report:
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased 16 points, to a reading of ?10.7. The fallback of the general activity index followed a single positive reading in October that was preceded by five negative monthly readings (see Chart). Nearly 32 percent of firms reported declines in activity this month, while 21 percent reported increases. The demand for manufactured goods, as measured by the current new orders index, declined 4 points from last month and remains in negative territory.
Shipments also fell this month: The current shipments index fell 7 points, to ?6.7. Declines in inventories were also more widespread this month; 31 percent of firms reported declines compared with 21 percent in October. Labor market conditions at the reporting firms remained weak this month. The current employment index, at ?6.8, was slightly improved from its negative reading in October (?10.7) but has remained negative for five consecutive months. The percentage of firms reporting decreases in employment (20 percent) exceeded the percentage reporting increases (13 percent). Firms also indicated fewer hours worked: The average workweek index was virtually unchanged but posted its eighth consecutive negative reading.
Price Indexes Drift Higher
The indexes for prices paid for purchased inputs and for prices received for respondents’ own manufactured goods moved higher this month. The prices paid index increased from 19.0 to 27.9, but the increase was attributable to fewer firms reporting lower prices rather than more firms reporting price increases. With respect to their own manufactured goods, the percentage reporting an increase in product prices (16 percent) was greater than the percent reporting a decrease (10 percent). The prices received index increased marginally, from 5.4 to 6.3.
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Your answer should include the fact that Republicans, having been seen as obstructionists to any improvement in the economy by voters, lost seats in both the House and the Senate.
Another four years of obstructionism and '16 will see a Democrat in the White House, a Democratic House and a greater Democratic majority in the Senate.
i.e., Islandman is in a vengeful mood and wants to take it out on the Republican dipshits that are holding back this country for the sake of party over country.
You're welcome.
Another four years of obstructionism and '16 will see a Democrat in the White House, a Democratic House and a greater Democratic majority in the Senate.
i.e., Islandman is in a vengeful mood and wants to take it out on the Republican dipshits that are holding back this country for the sake of party over country.
You're welcome.
Busybody
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what have the REPOZ blocked that would have HELPED the economy
tell me
its OK
I'll wait
Busybody
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Island"man" blames SANDY and REPOZ.....is happy
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121115_employ_0.png
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121115_employ_0.png
Busybody
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NIGGER CARE will cripple the economy
Island"man" is happy
Takes umbrage NOT at economy killing rules and regulations (here is where he will shriek, SHOW ME!) but a DOWN-JUAN using the term, NIGGER CARE
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121115_gbc_0.png
Island"man" is happy
Takes umbrage NOT at economy killing rules and regulations (here is where he will shriek, SHOW ME!) but a DOWN-JUAN using the term, NIGGER CARE
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121115_gbc_0.png
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Pre-election day:
Republicans: No way in hell are we going to allow the Bush tax cuts to expire! Yes, we know they were supposed to sunset, but who cares if we have deficit spending so long as we get ours?
Post-election day:
Republicans: Okay, okay, we hear you loud and clear America. Now let's be clear, there's a difference between tax hikes and closing loopholes, a BIG difference. We're for the latter. But higher taxes on those benefiting most from the multiple QEs? Never!
Republicans: No way in hell are we going to allow the Bush tax cuts to expire! Yes, we know they were supposed to sunset, but who cares if we have deficit spending so long as we get ours?
Post-election day:
Republicans: Okay, okay, we hear you loud and clear America. Now let's be clear, there's a difference between tax hikes and closing loopholes, a BIG difference. We're for the latter. But higher taxes on those benefiting most from the multiple QEs? Never!
Busybody
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When BronkOH!bama fought the DUMZ to keep Bush cuts in place 2 yrs ago
he said its DUMB to increase taxes in a recession
WHY INCREASE EM NOW?
Busybody
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what have the REPOZ blocked that would have HELPED the economy
tell me
its OK
I'll wait
still waiting
having my SNIKERS bar
Need I get another?
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