Papa Johns CEO Believes Trump May Have Saved Us from Another Great Depression
The CEO of Papa John’s Pizza, John Schnatter recently penned a book, entitled “Papa: The Story of Papa John’s Pizza,” in which he describes very bluntly how a runaway federal government and, in particular, many of President Obama’s policies were destroying “free enterprise” and throwing an insurmountable monkey wrench into this country’s economic engine.
Until Donald Trump’s election, Schnatter, whose great-grandfather came to this country from Germany in 1867, held-out very little hope for entreprenuers, nor for the quickly-fading ‘American Dream.’
Schnatter writes in “Papa: The Story of Papa John’s Pizza:”
“America in 2016 is on the path to becoming what Germany was in 1867.”
“[Germany] was profoundly not a land of opportunity. If you believed the wrong thing, the government attacked you. If you became successful, the government took your money. And if you dared go against the whims and will of society’s rulers, the government beheaded you.”
“Free enterprise is increasingly under assault by a government that grows bigger with every passing day,”
In 2012, Schnatter publicly criticized Obamacare (aka the Affordable Care Act), pointing out that the new regulations and onerous taxes would result in higher consumer prices for everything, including pizza. In fact, Papa John’s stock price slipped about 4.2 percent, shortly thereafter, according to Forbes.
Schnatter, who admittedly donated $1,000 to the Trump campaign, recently told Business Insider:
The president has promised to eliminate “wasteful and unnecessary regulation which kills jobs.”
Schnatter opened Papa John’s in 1983 inside what amounted to a converted broom closet in the back of his father’s Jeffersonville, Indiana bar, known as ‘Mick’s Lounge.’ The young Schnatter, sold his prized z28 Camaro in order to buy about $1,600 worth of used pizza equipment.
A year after his humble beginnings, he had earned enough money that he was able to move his own storefront. Today, Schnatter’s net worth is estimated at $1 billion.
Video: Obamacare cost this country millions of jobs: