Why We Ask: Our mission and operations are funded 100% by conservatives like you. Please help us continue to extend Liberty to the next generation and support the 2024 Year-End Campaign today.

November 1, 2016

The Economy’s Coal Mine Canary

A downturn in the restaurant industry could spell recession.

The restaurant industry saw a 2.8% decline in business this past fiscal year, and turned in its weakest performance since 2009. Economic analyst Paul Westra sees the downturn as a looming “restaurant recession.” The Wall Street Journal reports that “in the last 10 months, eight major restaurant companies … have filed for bankruptcy.” So what’s to blame for the decline? The usual culprit is an increase in the price of gasoline leading to increased food prices. However, gas prices have declined significantly for over a year now. Instead, it appears that the number one reason is ObamaCare. According to a Civic Science survey of Americans, of those who ate fast food regularly, there was a cutback of 47% due to rising health insurance costs. In other words, Americans are really beginning to feel ObamaCare’s pinch on their pocketbooks. (That’s not to mention restaurant owners themselves.) An April survey conducted by the National Restaurant Association found that nearly 45% of Americans are eating out less than they prefer.

Even some Democrats acknowledge the mounting costs of ObamaCare. Minnesota Democrat Governor Mark Dayton recently stated, “The Affordable Care Act is no longer affordable to increasing numbers of people.” Bill Clinton called it “the craziest thing in the world” where Americans “wind up with their premiums doubled and their coverage cut in half.” The truth is, it never was affordable — by design, as its architect, Jonathan Gruber, recently remarked. Unfortunately for the nation, the ObamaCare-created “restaurant recession” is the proverbial “canary in the coal mine” for the rest of U.S. economy. Many economists now fear another recession on the horizon as ObamaCare’s impact is felt across the broader economy. The number of Americans who hate this law will only continue to grow.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.