Subway Founder Fred Deluca told CNBC today that his company would not exist if it was started today due to onerous government regulations. He also shares that the number one problem his Subway franchise owners face is the impact from ObamaCare.
FRED DELUCA: It’s continuously gotten worse, because there’s more and more regulations. It’s tougher for people to get into business. Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation.