The reason? It's too expensive.
The deadline to buy health insurance (or face a penalty) is March 31
Bennigan’s CEO Paul Mangiamele stopped by Fox and Friends to warn of the pitfalls of President Obama’s newly announced minimum wage hike.
Bennigans, a popular Irish dining establishment, was close to filing for bankruptcy just a few years ago before making a huge, surprise comeback. The restaurant now has 150 locations worldwide.
Mangiamele told viewers that Bennigans might be in need of another miracle, though, as the impact of President Obama’s new minimum wage hike is likely to cause considerable damage to businesses and threaten their future successes and expansion.
“It’s another piece of adversity that all the owners and franchises have to face that is being compounded by the weather, by the commodity fluctuations, the minimum wage debate, and then Obamacare. So, when you add all those things in to an already fragile economy, it puts more pressure on those margins. I’m afraid that the more marginal operators will go out of business,” Mangiamele warned.
A former top political adviser to President Barack Obama called the Democratic loss in Florida’s special congressional race “a screaming siren,” warning that the party needs to do more to motivate supporters in November’s nationwide elections.
David Plouffe, a onetime White House senior adviser and strategist for both of Obama’s presidential campaigns, rejected the idea that the March 11 contest in Florida was a referendum on the president’s health-care law, instead arguing that the results expose an enthusiasm deficit among Democrats.
“We have a turnout issue,” Plouffe said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend.
“This is a screaming siren that the same problems that afflicted us” in 2010 when Democrats lost control of the House “could face us again.”
Republican candidate David Jolly defeated Democrat Alex Sink 48.4 percent to 46.6 percent in the election for a Tampa Bay-area congressional seat following a television advertising fight focused on Obamacare.