Obamacare 101

I just read an interesting article on the Business and Media Institute's website about Obamacare. McDonald's and White Castle both did studies to asses the effects of Obamacare on their business. McDonald's concluded that their franchisees would lose 15% to 20% of their profits if all the provisions of Obamacare are enforced. White Castle found that their net income would decline by 55%. You do not need an Ivy league law degree to realize a 55% loss of net income will not start a hiring frenzy. It will probably lead to restaurant closings, layoffs and workers getting fewer work hours AKA underemployment.

BTW, the article was titled "We are Headed for 15 Percent Permanent Unemployment."