Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

This Longtime IHOP Owner Sold His 16 Restaurants Because of Obamacare
dailysignal.com ^ | March 22, 2015 | Rob Bluey

Posted on 03/22/2015 7:51:07 PM PDT by PROCON

Four years ago, my reporting on Obamacare brought me to the city of Terre Haute, Ind. Located near the Illinois’ border, about an hour’s drive from Indianapolis, the city of 60,000 residents reminded me of the area where I grew up near Utica, N.Y.

It was a brisk March morning, nearly a year after President Obama signed the Affordable Care Act, and I had trekked to the Midwest with a camera crew to meet Scott Womack, owner of about a dozen IHOP restaurants in Indiana and Ohio.

Womack’s testimony before Congress earlier in 2011 caught my attention and I wanted to visit him at one of his restaurants to see firsthand how Washington’s policymaking had impacted his work.

The IHOP in Terre Haute is located on South 3rd Street, just a few minutes from the Interstate 70 interchange and a short drive from the Holiday Inn where we had stayed the night before. As we sat in the back of the bustling restaurant waiting for Womack to arrive, we ordered french toast, omelettes and other IHOP specialities.

At the time, Womack employed about 1,000 people at his 12 restaurants. When the Affordable Care Act became law on March 23, 2010, he had big plans for his franchise. He had purchased a development agreement in 2006 that would expand the company to 14 new IHOP locations in Ohio.

(Excerpt) Read more at dailysignal.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; US: Indiana
KEYWORDS: 0carenightmare; aca; ihop; obamacare; zerocare
This business man went from IHOP busboy to multi-franchise owner because of his hard work and knowledge of free-market capitalism.

Obamacare changed all of that.

And, of course, he didn't suffer as much as the little guy did.

Thanks and FUBO.

1 posted on 03/22/2015 7:51:07 PM PDT by PROCON
[ Post Reply | Private Reply | View Replies]

To: PROCON

Wow! You beat me by less than a minute...


2 posted on 03/22/2015 7:52:32 PM PDT by 2ndDivisionVet (The question isn't who is going to let me; it's who is going to stop me.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Sowwy :-)


3 posted on 03/22/2015 7:53:52 PM PDT by PROCON (Always Give 100% --- Unless you're donating blood.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: PROCON

FORWARD!


4 posted on 03/22/2015 7:54:04 PM PDT by TigerClaws
[ Post Reply | Private Reply | To 1 | View Replies]

To: PROCON

How dare he complain?

His money is going to Hamas and Boko Harem and al Qaeda
(the “rebels”), and for the brothels of the White Mosque.


5 posted on 03/22/2015 7:54:14 PM PDT by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: PROCON

And his organs are for the EXEMPT

( = SCOTUS, Congress and their Staff, and Moslems).


6 posted on 03/22/2015 7:55:05 PM PDT by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: PROCON

Obviously Womack is a racist!/sarc.


7 posted on 03/22/2015 8:12:53 PM PDT by Eagles6 (Valley Forge Redux. If not now, when? If not here, where? If not us then who?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eagles6

And a homophobe. How he hates the President!


8 posted on 03/22/2015 8:14:14 PM PDT by 17th Miss Regt
[ Post Reply | Private Reply | To 7 | View Replies]

To: 17th Miss Regt

this has got to end ,ugly or I wakeup.


9 posted on 03/22/2015 8:23:59 PM PDT by Big Red Badger (UNSCANABLE in an IDIOCRACY!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: PROCON

Our sorry Congress with their promises to overturn it, then wimp out. Every single ONE of them who said that they would vote to repeal need to be turned out of they have not made any attempt to do so. There are a few who have tried, but some of the ones who said they supported repeal have been liars....much like the democrats.


10 posted on 03/22/2015 8:25:29 PM PDT by Shery (Pray for righteousness to be restored and for the peace of Jerusalem.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 17th Miss Regt

So thick you can cut it with a knife!


11 posted on 03/22/2015 8:25:48 PM PDT by Eagles6 (Valley Forge Redux. If not now, when? If not here, where? If not us then who?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: PROCON

This country has only two problems. The first is the Democrat Party who wants to steal from the productive and give to the unproductive to buy votes and the second is a sycophantic media who not only allows but encourages them to do it.


12 posted on 03/22/2015 8:35:07 PM PDT by mort56
[ Post Reply | Private Reply | To 1 | View Replies]

To: mort56

Um, you have accurately named two major problems, but there is a third, higher evil which directs the behaviors of these anti-American bastards, the globalist gaggle of elite bankers. It is they who are the masters of the two you named, and the two you named do what they are told by their masters of the purse.


13 posted on 03/22/2015 8:46:46 PM PDT by MHGinTN (Is it really all relative, Mister Einstein?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: PROCON

Well, he didn’t build that!


14 posted on 03/23/2015 2:28:29 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mort56

The main problem is that the two you mentioned are one and the same entity.


15 posted on 03/23/2015 2:32:53 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 12 | View Replies]

To: PROCON

Bump


16 posted on 03/23/2015 4:20:11 AM PDT by lowbridge
[ Post Reply | Private Reply | To 1 | View Replies]

To: PROCON

We all know that Obamacare is a bad idea and is counter to limited government. We know the federal government should not be involved in 95% of what it does. That is another topic altogether.

But this article has a problem.

This fellow was able to sell his low margin business to someone else. That someone else sees a profit potential somehow or is buying for land or leases. So something does not add up and the reporter should have looked into that and described some words from that angle.

Now if these IHOPs were sold for land and leases, then that means they are going out of business. Some other business is taking their place and that should be looked at.

If they were sold for continued operation as IHOPs, then who in their right mind would buy them if the profit margin is only 6% to 7%? AND ... all the managers now have crap coverage for higher cost for themselves and their dependents. That means the key people are gong to look for work elsewhere or change careers and in turn that means whoever is buying this mess is going to have ro come up with a new way of doing business or risk going under. I can’t see anything other than these restaurants going downhill in service, quality and I see prices going up. This business model is on a downward trajectory due to Obamacare and Minimum Wage crap and yet some company is buying this? WTF?

As for minimum wage now trending to a ‘livable wage’, I have actually witnessed businesses going out of business because of it; shut down, doors closed, windows boarded up. Restaurant work for most workers is not supposed to be a longtime career choice. It’s a job you get on the way to something else. Only the managers are expected to be longterm and without them these kinds of businesses go belly up.

I agree with everything the article says but I am left wondering what’s going on behind the sale.

Back to Obanacare, we need President Cruz to do what he says he will do and that is to repeal every word of Obamacare. Why?

First, because the coverage is poorer than what it was before Obamacare and costs more!

Second, the federal government needs to get the f*ck out of people’s lives!

Third, there are far better health care models such as retainer fee medicine that require ***zero*** federal government involvement.

And many other reasons exist as well but the overriding reason is that Obamacare does not improve healthcare, it does not raise the standard of living. It is a bad idea and it needs to be repealed as soon as possible.


17 posted on 03/23/2015 4:57:47 AM PDT by Hostage (ARTICLE V)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson