Subway Restaurants Couldn't Be Started Under Current Regulations, Says Founder

You didn't build that ... under this administration

Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. "If I started Subway today, Subway would not exist," Deluca told CNBC's "Squawk on the Street" Wednesday.

Deluca said the environment for entrepreneurs in the U.S. has "continuously gotten worse because there are more and more regulations. It's tough for people to get into business, especially a small business."

(H/T Matrix)

Comments

[Jesus H. Christ]

"It's tough for people to get into business, especially a small business." Honestly, I think there are many on the left who find this a virtue. Businesses harm the environment, oppress workers etc. They should have to pay (not sure who should be paid, but someone!) from the git go.