http://www.salon.com/2012/11/16/papa_johns_bad_obamacare_math/
boycott the bastard.
what will they say when they are lying on a gurney in an ER, order a pizza, and facebook their BFF?Papa John’s Pizza seems to be gunning for Chick-fil-A’s “most heartless fast-food chain” title after CEO John Schnatter threatened to increase pizza pricesby 11 to 14 cents per pie and cut back employee hours if the Affordable Care Act isn’t repealed. Schnatter has found support from more than 20,000 facebook users (and counting), who have staged an “eat-in” to protest Obamacare and its effects on the food chain:
Papa Johns has been targeted by the left for a boycott, for simply articulating that ObamaCare would hurt profits and force cutbacks in employee hours. Stand up to this nonsensical and illogical action and support Papa Johns this Friday!Forbes’ Caleb Melby points out, however, that Schnatter’s underlying logic doesn’t make sense when you look at the numbers:
i think he tried to hitch his wagon to a party who would give him gifts, tax cuts deregulation does that mean bugs in your pizza is ok? then his whole scheme backfired and now he looks like a cheapskate trying to get over on his employee's and the gov't.
Last year, Papa John’s International captured $1.218 billion in revenue. Total operating expenses were $1.131 billion. So if Schnatter’s math is accurate (Obamacare will cost his company $5-8 million more annually), then new regulation translates into a .4% to .7% (yes, fractions of a percent) expense increase.It’s difficult to set that ratio against the proposed pie increase, given size and topping differentials, but many of their large specialty pizzas run for $16. Remarkably, a 10-14 cent increase on a $16 pizza falls in a comparable range: .6% to.9%. But the cost transference becomes less equitable if you’re looking at medium pizzas, which run closer to $12, meaning a .8% to 1.15% price increase.
greed of the Romney kind, we need to see his tax returns national and international.
