You know it’s bad when such a successful company like McDonald’s says “the future looks BLEAK!” because of Obamacare:
HUFFPO – Here’s one thing you likely won’t find a McDonald’s franchise owner happy to ask his employees anytime soon: “Would you like a side of health care with that shake?”
That’s because some of the fast food chain’s franchisees say that the costs associated with President Obama’s health care reform law will cut deep into profits, according to a recent survey of 25 McDonald’s owners conducted by Janney Capital Markets obtained by The Huffington Post.
One franchisee even went so far as to say, “Obamacare will negatively hit us like nothing else,” according to the survey.
Some franchisees said they’re suffering from McDonald’s overemphasis on discount deals. Others claimed the chain’s new product, the McWrap, isn’t a sure bet. McDonald’s has seen slumping sales since last summer and Obamacare, some franchise owners say, is only going to make things worse.
“Obamacare is going to destroy already low profits, [and] McDonald‟s Corporation does not seem to care,” adding, “the future looks BLEAK.”
McDonald’s did not return a request for comment from The Huffington Post.