There are other weaknesses in his argument.
1. Are we supposed to believe that other countries can have universal health care AND still have franchise restaurants, and somehow, some way, America can't do it?
2. He started his restaurant in the 1960's. Certainly, a lot had changed between then and 2009 when Obama became president. So, I don't really see where it makes much sense to lay all the blame for his perceived ills on our regulatory system on a man who's been president for only 4 of the last 48 years.
When you have several hundred restaurants world wide, your name (the name of your business, to be exact) is well known. You can easily expand from 1200 to 2000, because people everywhere in the world know who you are and what your product is, regulations, or no regulations.
On the other hand, when you are just starting out and you are unknown to everyone except your parents, wife and kids you have nowhere to go if you are strangled by business killing Obama regulations.
That is his point.
And what are the Obama regulations that kill a guy starting a sub shop today?
Every time I hear the Nutter's going on about "Obama's" regulations killing small business, I think of a guy I knew up in business-friendly, solidly Republican Oklahoma. He ran a little rural convenience store and BBQ joint, but he closed it down and moved away.
Know why? First, the "free market" soft drink suppliers declined to stop at his store unless he bought a minimum amount, even though their trucks went right by there nearly every day. Next, the STATE health department, not Obama's federal government, came in and told him he'd have to spend multiple thousands of dollars on new refrigeration equipment, even though he'd been using what he had for years and it filled his needs just fine. They threatened to revoke his health license if he didn't comply.
So, he closed it. Now, there are NO grocery stores of any kind, anywhere along about a 40 mile stretch of highway and local residents have to drive to the county seat if they want a Coke or a sandwich.
One more example: The State of Texas, (we all know which party controls that government, don't we?) forced every commercial kitchen in the state to install bigger automatic dry fire extinguishers a few years ago. Overnight, the ones they had (which met the state standard) were suddenly insufficient. No new extinguisher? No health license. It cost our local VFW $2500 to meet the requirement. A lot of smaller restaurants simply closed down.
So..when I hear them babbling on about onerous, liberal, Obama, federal regulations, I have to laugh because they don't seem to be too upset about REPUBLICAN regulations which are doing the same thing. I guess that's alright, huh?