Carl’s Jr. CEO: What recovery?

unemployment-line-great-depressionFeb. 17, 2013

By John Seiler

One of California’s largest businesses is the Carl’s Jr. restaurant chain, headquartered in Anaheim. Its CEO, Andrew Puzder, just co-wrote an article pointing out that the national economic “recovery” has been a mirage:

“The unemployment rate has dropped over two points from a high of 10.0 percent, reached in October 2009. But that figure is misleading because the government does not count people as unemployed if they have become so discouraged that they quit looking for a job. Much of the drop in the official unemployment rate since its peak is due to this aspect of the reporting protocol. In other words, the unemployment rate has declined mostly because millions of people have dropped out of the labor force. In fact, if no one in the United States was either working or looking for work, our government would report that the unemployment rate was zero….

“Since the February 2010 trough, the economy has only managed to gain, on average, 157,300 jobs a month—less than half the average number of jobs lost during the recession. The best year for average monthly job growth was 2012, with an average increase of 180,800 jobs a month. These numbers are dwarfed by the magnitude of the losses sustained from 2008 to 2010. As of January 2013, the country is 35 months from the employment trough, but is still 3.2 million jobs short of its pre-recession high.”

The solution is not the tax increases President Obama is seeking.

“Rather, a public policy that promotes positive market certainty, both in the regulatory and fiscal sphere, and pro-growth tax reform is the solution. It means lowering, not raising, marginal rates and capital gains and dividend taxes. It means putting an end to simply kicking the debt can down the road. It means dealing with the grossly inefficient expansion of the government regulatory bureaucracy created by Dodd-Frank and Obamacare.”

Alas, none of that is likely to happen. President Obama’s second term will be one of renewed recession, worsening deficits and much higher unemployment.

29 comments

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  1. loufca
    loufca 17 February, 2013, 09:32

    Carl’s Jr. moved the HQ to Dallas a year or two ago because of California’s high corporate tax.

    Reply this comment
  2. SkippingDog
    SkippingDog 17 February, 2013, 13:05

    Carl’s Junior has always been run by right-wing nuts. Carl Karcher himself was a strong supporting member of the John Birch Society, and personally funded John Schmitz’s runs for our state legislature and for President in 1972.

    The political environment of Texas is a far better fit for the radical politics of the company that still bears his name.

    Reply this comment
  3. Rex the Wonder Dog!
    Rex the Wonder Dog! 17 February, 2013, 14:31

    Carl’s Junior has always been run by right-wing nuts.
    ==
    As opposed ti the left-wing nuts sushc as yourself, who think they can try ot bully and harrass people they don’t agree with????

    BTW how is your lawsuit going Skippy????

    How do you like dem apples??? Which I always preferred over oranges myself.

    Reply this comment
  4. Donkey
    Donkey 17 February, 2013, 14:45

    Skdog is a product of the RAGWUS, any and all logic, reason, or critical thought process departed ways with him long ago.
    To SKdog, “radical” ideas like freedom, liberty, fairness, justice, and any anti-tax sentiments are the rantings of anrchists like John Adams, Ben Franklin, Andrew Jackson, Thomas Jefferson, and George Washington.

    Skdog has no way of understanding how a man went from selling hot dogs on the streets to being a billionaire with hard work, time, and effort, values that don’t exsit in the government sector as it exsits in the private sector. The fantasy of government “work” is, that no effort, time, or work is needed to acheive success within its walls. 🙂

    Reply this comment
  5. Hondo
    Hondo 17 February, 2013, 16:54

    6 trillion dollars in deficit stimulus spending down a rat hole. It did buy Obama another four years.
    Hondo…

    Reply this comment
  6. eyeamok
    eyeamok 17 February, 2013, 17:00

    You forgot to mention that Carl’s Jr WILL NOT BUILD ANOTHER Restaurant in California again EVER, I listend to the CEO give an interview on the radio for an hour last year, and he was rather adamant about not expanding anymore in California, ever.

    Reply this comment
  7. Skippingdog
    Skippingdog 17 February, 2013, 17:04

    George Washington and John Adams were strong Federalists, in much the same mold as Hamilton. Washington met early efforts to obstruct the federal government by calling up the militia to put down some early “states rights” rebels, just as authorized by our Constitution. Ben Franklin was also a strong Federalist.

    Jefferson implemented the Alien and Sedition Acts, which would have applied to someone like yourself who was openly critical of the national government, so your invocation of our third President if puzzling.

    Jackson was our first real populist President, but his concern for rights didn’t include any blacks or native Americans, as demonstrated by his support for the fugitive slave laws and the “Trail of Tears.” Jackson was also, arguably, a true homicidal psychopath. Perhaps that’s the reason for your affinity toward him.

    Reply this comment
  8. us citizen
    us citizen 17 February, 2013, 17:14

    There is no recovery. None, nada, zilch. And what does Carl’s CEO political beliefs have to do with CA’s crappy economy? He knows this state is a bucket of crap…..that makes him much smarter than the govt libs. in this state.

    Reply this comment
  9. Skippingdog
    Skippingdog 17 February, 2013, 17:54

    It’s more likely his decision not to open additional restaurants in California is related to the market saturation his company already has in this state.

    Other than that, Puzder is just reciting the standard rich guy complaints about taxes on the income sources most near and dear to him. That’s not news to anybody but Seiler.

    Reply this comment
  10. jimmydeeoc
    jimmydeeoc 17 February, 2013, 18:48

    Loufca:

    Carl’s has not moved their headquarters to Dallas. (Where T.F. do people get this stuff?)

    Top execs of Carl Karcher Enterprises (CKE) are in Carpinteria.

    The Carl’s Jr arm of CKE is headquartered in Anaheim, as it has been for many years, at SW corner of CA 91 and Lemon Ave exit. You see it from the freeway.

    The other main arm of CKE, Hardee’s, is headquartered in St Louis.

    Reply this comment
  11. Donkey
    Donkey 17 February, 2013, 19:37

    Skdog, you are regurgitating the “progressives” view of history and ignoring your own BS. All the Founders were ancrhists to the British Crown and agitators for freedom. 🙂

    Reply this comment
  12. SeeSaw
    SeeSaw 17 February, 2013, 21:48

    I would never patronize Carl’s Jr. because of its stupid commercials!

    Reply this comment
  13. Rex the Wonder Dog!
    Rex the Wonder Dog! 17 February, 2013, 23:00

    I would never patronize Carl’s Jr. because of its stupid commercials!
    ==
    Seesaw, you probbaly LIVE at Carl’s Jr 24/7/365!

    Me, I am an In n Out guy 🙂

    Reply this comment
  14. jimmydeeoc
    jimmydeeoc 18 February, 2013, 01:04

    Seesaw’s morally righteous indignation……

    ………yawn…………

    Seesaw….name me one fast food chain that does NOT have stupid commercials.

    In the words of Judge Elihu Smalls: “Well, Danny…….we’re WAITING…..”

    (Nevermind……she won’t get that either).

    Seesaw – please give me some sense of pop cultural quotes you WILL understand…..So far I have struck out on Animal House and Caddyshack…..You want I go back to the 60s? I’m even pretty good with 50s……

    Reply this comment
  15. jimmydeeoc
    jimmydeeoc 18 February, 2013, 01:09

    BTW – Caddyshack…Best closing line ever in a movie. lol lol……

    Reply this comment
  16. eyeamok
    eyeamok 18 February, 2013, 05:10

    It’s more likely his decision not to open additional restaurants in California is related to the market saturation his company already has in this state.

    WRONG, the main cause is it takes almost 2 years to get Permits, and costs Hundreds of thousands of dollars. he then relayed the timeline about opening their new restaurant in Texas, Permits in 30 days, construction done in another 90 days, open for business in less than 6 months. And very little cost, no Unions to bribe, no Legislators need to be bribed. The list is rather long as to why California is in a Death Spiral and will not recover, the main cause is Government Gone Wild.

    Reply this comment
  17. SeeSaw
    SeeSaw 18 February, 2013, 11:45

    I eat only, “In-N-Out” when it comes to fast food/burgers–once a month–13 points on Weight Watchers.

    Reply this comment
  18. SeeSaw
    SeeSaw 18 February, 2013, 11:59

    The Founders moved away so they could start their own government Donkey. They did not turn guns on their own government, in their own country! My country is already taken, and you can’t have it! Go and find your own, if you don’t like this one.

    Reply this comment
  19. SkippingDog
    SkippingDog 18 February, 2013, 12:29

    If there was money to be made in California by opening new Carl’s Jr. outlets, do you really think the company would refuse to do so just to make some kind of point about permits and business costs, eyeamok? Get real.

    Carl’s is just like every other firm. They go where there’s money to be made, even if that’s someplace like California, New York, or a hellhole like Texas.

    Reply this comment
  20. Donkey
    Donkey 18 February, 2013, 12:30

    SeeSaw, you don’t have a clue when it comes to the creation of this nation, your last post is proof!!

    Just so you understand, this is not your nation, it is a nation of its citizens, of which I, Rex, BobA, Hondo, Dyseptic, Jimmy, and you are all a part. Being a Constitutional Republic, we have the power to dispose of your idea of the RAGWUS and replace it with ours, and this will take place very soon because the RAGWUS is evil and wicked. 🙂

    Reply this comment
  21. Donkey
    Donkey 18 February, 2013, 12:32

    Skdog + modern liberal parasite = RAGWUS feeder!! 🙂

    Reply this comment
  22. SeeSaw
    SeeSaw 18 February, 2013, 14:32

    I know I am not wicked and this is my country! If you don’t consider it your country as well, then I think that determines which one of us is wicked.

    Reply this comment
  23. SeeSaw
    SeeSaw 18 February, 2013, 14:37

    Yes, it is a Constitutional Republic. Better look around Donkey. You are outnumbered.

    Reply this comment
  24. Donkey
    Donkey 18 February, 2013, 17:25

    SeeSaw, you are the one that is outnumbered. The non-RAGWUS citizens will soon be voting for anyone that can stop the government from stealing their hard earned wages, its the way human history works my dear!! 🙂

    Reply this comment
  25. SeeSaw
    SeeSaw 18 February, 2013, 17:35

    Sorry, Donkey. Someone has to break it to you–there is no such thing as RAGWUS.

    Reply this comment
  26. Rex the Wonder Dog!
    Rex the Wonder Dog! 18 February, 2013, 17:41

    seesaw, someone has to break it to YOU, there is no such thing as a valuable public employee 😉

    Reply this comment
  27. Donkey
    Donkey 18 February, 2013, 21:10

    The RAGWUS exsits SeeSaw, adn it is bringing about its own demise, which is a good thing. 🙂

    Reply this comment
  28. SeeSaw
    SeeSaw 19 February, 2013, 09:07

    It is an acronym that you self-coined Donkey. If I were the author, I would not allow a poster such as yourself to continue using it as Libel and Slander that you insist on slinging at public employees on a continuing basis. Put forth your facts and your opinions–not a made-up acronym.

    Reply this comment
  29. CalWatchdog
    CalWatchdog Author 19 February, 2013, 09:09

    Gentlemen, I’m on the verge of deleting a bunch of posts here. Please be civil.

    — John Seiler, Managing Editor

    Reply this comment

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