Survival is nature’s most primal instinct. Whether plant, animal or human, the No. 1 objective is to survive. The same applies to the corporate world.
BizPac Review previously reported that in the days since President Obama’s re-election, companies have announced plans to lay off massive numbers of employees. Other companies are seeking different ways to cope in the coming years, especially with Obamacare and tax hikes looming on the horizon.
The Naples News reported that shortly after the president’s re-election, Papa John’s Pizza founder and CEO John Schnatter would be cutting back on employees’ hours. Similarly, at least one Applebee’s franchisee announced a hiring freeze as a direct result of another four years of an Obama administration. Other restaurants, including Olive Garden, are now following suit.
These moves have nothing to do with revenge or retaliation — they’re simply acts of survival.
The far left has now called for a boycott of both the Applebee’s franchise and the entire chain of Papa John’s restaurants. That makes sense. If they cut hours or freeze hiring, let’s just run them out of business and eliminate all their jobs.
President Obama made it clear in his “statement” Friday that he will accept nothing less than what he calls a “balanced approach” to deficit reduction. By that, he means a reduction in income as well as an increase in taxes.
The irony is that the increased tax revenue the president anticipates by raising rates won’t come. With fewer people in the workforce and fewer work hours for each employee, tax revenue will sink. And with this loss in income, people will be even less inclined to pay for a government-run health care system the majority didn’t want in the first place.
The president claims he wants to prevent us from going over the financial cliff. Whether he realizes it or not, he has his foot placed firmly on the accelerator, and he’s showing no sign of easing up.