New Survey of Small Business Owners and Manufactures Paints Bleak Economic Picture


The National Federation of Independent Businesses and the National Association of Manufacturers commissioned a poll of small business owners and manufacturers and the results paint a bleak picture of today’s economy. 55% of those surveyed believe that the economy is worse today than it was four years ago, and the same number said that they would not start a new business in this economic environment. This is surely news President Obama doesn’t want you to hear about.

NAM put out the following press release:

The poll, conducted by Public Opinion Strategies (POS), surveyed 800 small business owners, manufacturers and decision-makers at small and medium-sized companies, with a majority (55 percent) saying the national economy is in a worse position compared to three years ago. Among the chief factors survey respondents cited were federal regulations, taxes, government spending and the cost of health insurance and energy.

Key survey findings include the following:

  • 67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
  • 69 percent of small business owners and manufacturers say President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
  • 55 percent say they would not start a business today given what they know now and in the current environment.
  • 54 percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

“Manufacturers have told policymakers in Washington time and again that uncertainty and a negative business environment is turning the American Dream into a nightmare,” said NAM President and CEO Jay Timmons. “The findings of this survey show that manufacturers and other small businesses have a starkly negative outlook for their future—with good reason. There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people. To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.” (Read More)

Roll Call and The Washington Examiner have more.

As I type Alan Colmes is on TV talking about the “right wing” firms behind this poll, which he said was “bought and paid for by business interests.” Who else was going to buy and pay for it?  Is he going to say they over sampled business owners? Good grief, this isn’t a partisan poll, and the respondents also blamed Congress, not just Obama. That’s all the more reason to vote for Romney, because he’s made it clear that he will work with Congress to pass legislation making it less burdensome and costly to do business in the United States.