Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.
“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,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “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.”
The poll reports another ominous statistic for job creation: “67 percent say there is too much uncertainty in the market today to expand, grow or hire new workers.” Why? Because “President Obama’s Executive Branch and regulatory policies have hurt American small businesses and manufacturers,” according to 69 percent of the business owners surveyed.
Here are the key findings in the poll, as highlighted by NAM:
- 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.
“Instead of smoothing the way, our government continues to erect more barriers to growth through burdensome regulations that increase costs for small businesses and all Americans,” NFIB president Dan Danner said.
Those statistics suggest that even Democratic and independent small business owners criticized Obama, because only 46 percent of poll participants identified as Republicans, per Roll Call.
“It’s clear that small business owners and manufacturers are becoming increasingly more frustrated by the federal government’s inability to solve America’s economic problems,” Bill McInturff, whose Public Opinion Strategies conducted the poll. “Manufacturers place most of the blame squarely on policies coming out of Washington.”