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Business Leaders React to Jobs Speech

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  • Description

    FBN’s business experts break down the president’s proposed jobs plan.

  • Duration 3:38
  • Date

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Leaders we're actually invited this it would speaker John Boehner at tonight's speech we have Jack girl who own several McDonald's franchises and -- say more chief operating officer of white castle so.

You to compete for the fast food dollars but on issues surrounding her weak economy.

You come together Lisa let's start let's start -- -- any positive signs at all from the speech.

You know we can we are very honored to be asked to come to -- speech today and the things that we are really focusing on is our 101000 team members.

Where family and business we wanna continue to remain a family -- business and were concerned about.

The things that are going on in Washington and the uncertainty and wash.

I'm with the tax harm with the health care a lot and with the regulatory environments.

And so those are the things that we feel that the government should be working on to try and solve today.

While Jack of those areas that Lisa just outlined what is of greatest concern at what cost you the most money.

And prevents you from hiring new workers.

But -- we first and -- -- him and chairman of the international franchise association.

This small business -- moment.

But you know I'm here the to talk about franchising and the impact of the job creation of franchise and create a franchise and creates.

Eighteen million jobs directly and directly one out of every jobs in the United States today.

And one of our biggest issues right now is access to credit.

So many of our franchise systems can't get the credit they need to -- -- -- -- And that's a that's a real problem for all the what do you what do you money for that -- Well I think I think some of the regulations that we're talking of that.

The time that Dodd bill which is creating -- -- and I'm Frank Miller talking about frank bill.

Relative to the bank's ability to.

Regulate and and it's created the real short while we we anticipate a 20% shortfall.

In the amount of credit that we need we could we could've created 80000.

New jobs this this year alone.

If franchising had the credit available to it.

To grow their bring.

Right police -- let me talk to you because white castle as it of course is known for -- sliders which are great we all love but it's also known.

We're giving some pretty good benefits to the workers at white castle.

The president comes -- says basically the private sector isn't doing what it should be there for the government has to step in.

Therefore we have obamacare is obamacare.

Going to affect.

The quality care that you would have been giving your workers in the past.

You know we as I said we have 101000 team members and we've been off screen health insurance.

And since 1924.

And we -- to continue to be able to offer.

Health insurance for -- team members -- were really committed to being able to do that.

Be it health care -- concerns us because of the definition of full time hours.

Set at thirty vs most industries including restaurant industry look at that at 35.

So on the health care a lot in the last looks like it's going to add cost and potentially.

Lease is there any way you think you can be tweaked or does it just have to be overturned in order to to get progress.

In our opinion is that they should start over and repeal the lot in.

-- really try to go and starts with something new that will be good for business and they should talk to the business leaders can find out what -- And we in the international franchise association agree with -- OK Jack Earl -- say Ingram I'm sorry but we have to it.

Leave it at that.

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