Skip to comments.Subway 'Wouldn't Exist' If Started Today Due to Regulations: Founder Deluca
Posted on 02/27/2013 8:06:14 PM PST by 2ndDivisionVet
Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. "If I started Subway today, Subway would not exist," Deluca told CNBC's "Squawk on the Street" Wednesday.
(VIDEO AT LINK)
Deluca said the environment for entrepreneurs in the U.S. has "continuously gotten worse because there are more and more regulations. It's tough for people to get into business, especially a small business."
Effects of Obamacare
The Subway founder pointed to a number of government regulations that are degrading the business environment for entrepreneurs. Examples include the Affordable Care Act, an increase in the minimum wages and the end of the payroll tax holiday.
The Affordable Care Act, often referred to as "Obamacare," is "the biggest concern of our franchisees," Deluca said. "They don't know what to expect. It's causing a lot of concern, but that too will be passed on to the consumer."
The payroll tax is another overhang....
(Excerpt) Read more at cnbc.com ...
Tomorrow is the last day of $5 February.
They’ll have a good horsemeat sandwich eventually.
No less a man than Harry Reid has assured us all that:
...Republicans have yet to produce a single shred of evidence that the regulations they hate so much do the broad economic harms they claim. Thats because there is none,...
He is right, but Subway could die tomorrow and I would not care. They mocked the US in advertising in Germany a few years ago, and slammed homeschoolers too. I prefer Blimpie, and will never eat at Subway again.
i’m pretty sure they have one now, you just don’t know about it.
Subway is trash and overprices. Five bucks for three slices of meat...
All great entrepreneurs hate Obama- Herman Cain, Steve Wynn, etc
These are people that can’t afford to live in a fantasy world like progs, the market and mgt of bottom line results instill a sense of how things actually work that Obama will never, ever grasp- even if he wanted to