President Barack Obama appears to have lost the vote of America’s small business owners according to a recent poll of small business owners conducted for the National Federation of Independent Businesses (NFIB) and the National Association of Manufacturers (NAM).
According to the poll, small business owners have grown increasingly pessimistic about the state of the economy and their responses indicate trouble for a president pinning his reelection hopes on convincing the public to have faith in his ability to fix the nation’s economic problems.
Sixty-seven percent of small business owners say market uncertainty is too great to hire new workers or expand their business. Sixty-nine percent of respondents directly blame the Obama administration’s burdensome regulatory policies for damaging small business and manufacturing.
Troublingly, more than half of those surveyed (55 percent) say they would not start a business in today’s environment.
The survey comes ahead of another poll of the nation’s chief financial officers (CFOs), which, according to Politico, is set to show that nearly half of those surveyed have a pessimistic outlook on the future of their companies.