As an elected representative of the people, State Senator Andy Sanborn, should be working for the people, however his vote appear to tell a different story.
Last week the NH Senate voted against raising the minimum wage to $9.00 over the next two years. Senator Sanborn spoke out against the minimum wage increase as a “job killer.” Sanborn stated, “How many jobs are going to exist in the State of NH, if there are no more employers?” Sanborn even went as far to say that raising the minimum wage ignites a “war on employers.”
You can see his entire statement in this video:
Senator Sanborn knows a lot about how business works, so that means we should listen to him on this right?
Sanborn currently owns “The Draft” a sports bar where servers make the NH tipped minimum wage ($3.13 per hour), and other workers make a little more than minimum wage.
Personally I do not understand how Senator Sanborn did not at least declare a conflict of interest on the minimum wage vote, seeing that one could interpret his vote as protecting his own profits rather than representing his constituents (keep in mind 76% of Granite Staters support the legislation). That is because Senator Sanborn is really doing what he does best, looking out for himself.
In late 2004 and early 2005 Andy and his wife (Rep) Laurie Sanborn were the owners of Banagan’s, a chain of bike and ski shops throughout New Hampshire. The ultimate small business owner’s dream, a growing business and expanding to multiple stores. Except that in 2005, Sanborn was forced into court after Banagan’s filed bankruptcy. Sanborn and his company left his supplier holding the bag for over $600,000 dollars in claims. The settlement allowed Sanborn to use the money from his “going out of business sale” to pay off part of his business debts.
The Concord Monitor reported on the story in 2008 and spoke with Jack White, the Nashua lawyer who took Banagan’s to bankruptcy court on behalf of four equipment dealers.
“White isn’t convinced that even Sanborn believed he could pay all his debts with a closing sale. He said he thinks Sanborn’s main goal was, instead, to make enough money in the closing sale to pay off his bank loan, for which he was personally liable. Once the case landed in bankruptcy court, White said, the bank had to stand in line for payment along with the other companies owed money. And Sanborn became responsible for any part of the bank loan left unpaid.” (emphasis added)
The Concord Monitor also reported that Banagan’s would only end up paying $31,000 of the over $600,000 they owed to equipment suppliers.
Thankfully Banagan’s had enough money in the bank to pay back the personal loans Andy took out for the business, otherwise he would not have been able to open The Draft restaurant.
Prior to the opening of The Draft, Sanborn said he spent over $100,000 on televisions alone.
Somehow Sanborn had $100,000 to buy televisions for his new business, but only had $31,000 to pay his previous business suppliers.
Now the Sanborns, a State Senator, and a State Rep (wife Laurie), are vehemently opposed to raising the minimum wage knowing full well an increase would effect their businesses bottom line.
The Sanborns are doing what is best for them, and ignoring what the people of New Hampshire want and agree is best for the state.