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How will health care law impact small business?
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Former presidential candidate Herman Cain weighs in
- Duration 4:34
- Date Dec 5, 2012
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Former presidential candidate Herman Cain weighs in
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Well first the ripping now the reeling Darden Restaurants the company behind the olive garden and red lobster laureates earning estimates saying.
Media coverage of its complaints of the new health care -- -- slam business.
-- mulling plans to slash worker hours to avoid paying health insurance under the new law.
But McCain says forget that it from speaking out this health care law will hit businesses even harder mr.
-- Former by the way the former godfathers pizza CEO what you really are focused in on this is this health care law really is going to affect small businesses alike.
The pizza joints and in some of the other restaurants in the country right.
Absolutely -- absolutely there's no doubt about it look when businessman see a problem coming they figure out alternative to deal with it.
That's what garden and red lobster and all the other company -- -- dual -- they already it's they are to say we don't have to do with it when politicians see a problem common.
They push at all.
Until it becomes a crisis like this fiscal cliff crisis by the way earth to congressman Rangel it is a fiscal -- If you're in business you understand that this is no scope is that clip now so hope so my first point -- is quite simple make.
They also understand what they're doing that they have to do secondly.
If you see these -- -- cost coming.
You have one -- two choices.
You either cut your cost.
While you raise your prices.
They will ballots and do an analysis and figure out what combination and the price increase ultimately is passed on to look console -- One last point.
Business have been saying this before obamacare -- paths.
After it was passed.
And lead in up to -- -- and now some of these.
Writers.
They don't do a good job of basically saying what somebody's cup into the same.
And I don't think that the CEO of Darden is -- All of Obama care if you read the article and you look at somebody on the information -- simply say it is they backed.
Because they -- anticipating.
How -- -- gonna deal will the impact of Obama.
Sure and I think he's pointing out that the media coverage of their opposition on obamacare is is and will be hurting their business -- for mr.
-- Listen the President Obama today but I also want to keep that in mind when we roll a second summit listened to listen the first one.
Okay.
John is exactly right when he says that.
The only.
I think that is debt ceiling is good for the weapons system or destroy your front right.
-- -- that was today talking to the the business roundtable when mr.
Obama says this debt ceiling is becoming a problem it's a problem.
Now the President Obama when he wasn't President Obama is trying to become -- Obama.
On the debt ceiling.
The problem is is that the way bush has done it over the last eight years.
Is to take out a credit card from the bank of China in the name of our children.
Driving up our national debt.
From five trillion dollars for the first 42 presidents number 43 added four trillion dollars by his lonesome.
So that we now have over nine trillion dollars of debt.
There that we are gonna have to -- back.
30000 dollars for every man woman and child.
That's irresponsible.
It's unpatriotic.
So this -- back then it was irresponsible unpatriotic to have a debt ceiling in fact it was unpatriotic even have the credit card but now.
Mr.
Obama wants us to believe it's bad to have a limit on that credit card.
-- the 30000.
Is now if that thousand dollar for every man woman and now he failed -- point that out.
And that is the absolute epitome of hypocrisy secondly.
Would you give someone who is maxed out every credit card they home.
More unlimited credit.
That's what the president of basketball.
And it is simply ridiculous and nauseating quite frankly.
Do people who have to be responsible.
And we have -- finances it's hypocrisy.
We've deleted their army can't take you so much for joining us.
Eric -- led him by the way did you notice my bowling casual looked -- -- -- love it.
I thought -- like myself that's like that's that's tomorrow edited out of you there.
Good to see -- -- -- but it.