I suppose this was “unexpected”
The only people who didn’t see this coming are democrats who support the law. They think employers are as stupid as democrats.
I thought they had a waiver...
The CEO of Darden has been identified as a big Obama supporter on other threads.
Whether true or not, I ate my last meal with them long ago because their food is awful.
Walmart has been doing the same thing for years.
Oh well, if the owner is a big Zero man, so long.
Once more, liberals show complete and total ignorance of the law of unintended consequences.
Typical. Libs want laws and taxes for everyone else, but all of a sudden get all cheapskate when it comes to their own money.
Darden: first of many.
Can’t blame them. This is a business decision in the best interest of the company’s owners, the shareholders.
It will be interesting to see the government’s reaction to this.
How lovely to live in a time when the government is proactive :)
The Obama Plan to lower the unemployment rate.
1. Pass socialized medicine, forcing employers to pay for insurance for full-time employees.
2. Businesses convert full-time employees to part-time.
3. Business can afford to hire more employees, part-time, and must do so to meet business requirements.
4. Phony baloney unemployment rate comes down.
5. Obama saved us again.
Does this really work? Does a person working less than 30 hours really not count towards the total number of employees, either to avoid being over 50 employees, or to not pay Obamacare employer penalty for that employee?
This could explain the huge increase in part time jobs in the last employment figures.
You downgrade people to part time and add more part time workers to make up the difference.
GDP remains sluggish but unemployment falls but U-6 (unemployment plus workers involutarily working part time) remains high at 14 %.
This is just one of the many “unintended consequences” of ALL liberal plans and ideas! And it should serve as PROOF that liberals do not understand human nature nor business acumen!
Let’s take the Community Reinvestment Act as an example. On the surface, the idea that helping people own more homes sounds GREAT! Home ownership builds communities and helps people identify with a region and set roots for further development. So, if you look at the basic premise behind it, it looks really good, so let’s pass this law!
Now, let’s look at reality (which liberals do not and can not understand). Home ownership is great IF YOU WORK FOR IT. If it is given to you, then like any expected gift (like socks from you GrandMa), the value to you is either missed or fleeting. Next, companies are REQUIRED to attempt to make money. Fiduciary duty requires that all parties do their best to represent the investor’s interest in making money; so, when the rules changed (you MUST make risky loans), the companies simply created another way to make money (bundling, packaging and selling the loans); contrary to popular belief, this was NOT illegal, immoral nor nefarious - it was a business decision based on making profits for investors! Since these customers were never really interested in “owning a home,” they were only interested in getting the loan and having a place to live, they were not interested in developing nor settling in nor building the “community!”
When the economy finally broke, the loans were shown to be worthless. The home owners were shown to be living well beyond their means. So, ultimately, as can be seen by the sea of vacant, repossessed homes, and the masses without any valid residence or “investment wealth” (since that is what a large portion of America uses their homestead as - investment wealth), the Community Reinvestment Act sounded great on paper BUT, when faced with human nature and business acumen, the CRA was shown to be a complete and total FAILURE!
I do NOT look forward to the dismal results which will bore out with the complete implementation of ObamaCare!