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

Utah Senator, Warns President Obama's Reelection Means $6.60 Gas

3/7/2012

WASHINGTON -- Republicans hit the accelerator on Wednesday with their charges that President Barack Obama is to blame for high gas prices, with one senator making the extreme claim that the president's reelection will push costs to $6.60 a gallon.

“When President Obama took office, gas prices were about $1.85 per gallon," said Sen. Mike Lee (R-Utah). "Now that they're up to about $3.75 per gallon, we can see a steady increase. Over this 38-month period of time of his presidency so far, gasoline prices have risen on ... average of about 5 cents per gallon per month."

"This is staggering when you think about the fact that if he's reelected," Lee said, "it's a total of an additional 58 months. With that increase, gas prices will be up at around $6.60 per gallon."

http://www.huffingtonpost.com/2012/03/07/mike-lee-gas-prices_n_1327224.html

 

While I don't believe that presidents affect employment I also have to wonder about the bubble that many on the right seem to live in.

Economic Postive(s):

Since President Obama has taken office the net gain in jobs over 6-years is three-times greater than the number of jobs created during the 8-years under the Bush Adminstration.

GDP growth has been constant since the end of 2009 which was President Obama's first year in office and is the highest in US history.

The major stock indexes are at record levels.

Negative(s):

Income disparity is at the worst point in US history but it's the Republican Party that supports income disparity and not the Democratic Party that attempts to address it.

As for Papa John's while I can't address other locations the local Papa John's is hiring currently so it doesn't appear that founder John Schnatter's prediction in 2012 was accurate. In fact there are job openings at all of the fast food chains in my area.

 

Market Selloff After Obama's Re-election No Accident, Recession Coming

11/14/2012

Ever since Obama won eight days ago, stock prices are down about 4% as this is being recorded. So stocks peaked September 14—two months before the election—when the Federal Reserve announced the current version of quantitative easing, and stocks held up pretty much right through an election day rally.

But now that the election is over stocks are dropping with no bottom in sight. This is no accident given investors’ fears of higher taxes and continued big spending, including higher taxes on capital gains, which inevitably will tank the economy. In fact, I believe we are headed for a recession.

It is important to remember that on election day, $19.3 trillion was the market value of all U.S. stocks. That $19.3 trillion was not that far below the all time peak reached in 2007 but was also more than double the $9 trillion stock market capitalization at the March 2009 low.

To me, that is a major reason why Obama won the election. Romney lost not because the real economy is doing anything good, but because lots of people who voted for Obama incorrectly assumed that the high stock prices were a strong indicator that the economy was on the road to recovery.

They also ignored, or in many cases, didn’t understand, that higher stock prices were actually the result of Fed manipulation. They also believed the highly suspect data from the BLS and other government agencies that the economy was improving.

But now the election is over and stocks are dropping as reality is setting in.

Everything I read and hear says to me and many other investors that the Obama administration is totally committed to raising income tax rates and maintaining virtually all current government spending.

To me that guarantees that next year after-tax income will decline in the U.S. by at least 2% if all the current tax increases happen.

And, declining after-tax income is my definition of a recession.

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The realization by Wall Street that higher taxes are inevitable next year is forcing tax oriented year-end selling of lots of assets, including stocks. Ironically that will boost income tax collections early in 2013, but capital gains tax collections will certainly crater later in the year.

By the way, I don’t care what GDP does. GDP is a joke. All that really matters is income. And that is why we at TrimTabs track after tax income in real-time as best we can as soon as it is available from the U.S. Treasury.

I firmly believe if the Obama Administration gets away with raising taxes and not cutting spending it will crash stocks through next year. Lower stocks combined with declining take home pay will create a social mood that will not be perceived as pleasant.

In fact, that could be why Marc Faber said he wants a tank to deal with what is coming, not just guns.

Sooner or later the developed world will come to understand that governments are ineffective at providing services and if governments are not stopped they will bankrupt us.

http://www.forbes.com/sites/investor/2012/11/14/market-selloff-after-obamas-re-election-no-accident-recession-coming/

 

We hear often that there is an issue with income inequality. That the gap between rich and poor has never been larger.

What does that actually mean? That little detail is never effectively articulated.

What that means is that the wealthy are making tons of bank and refuse to pass any of those profits onto their employees. There is no trickle. They can......they've never been richer......but they have chosen not to. FU little people. If you want your American dream, start your own company and screw your own little people.

Papa John is the poster boy. He has a 6500 square foot GUEST HOUSE! A 22 car garage. His own private golf course out his back door. But he can't pay a living wage or health benefits. The amount of price increase to a pizza is minuscule and that's if he passes on ALL of the costs to the consumer.