Small Business

While Biden Brags About His Economy, Half Of Small Business Owners Doubt Survival Is He’s Re-Elected

Small Business
Small Business (TFP File Photo)

A poll of small business owners found that fewer than 1 in 10 believe they can survive in the economy that President Joe Biden keeps bragging about.

The conservative Media Research Center reported on Friday that the employment website Red Balloon and PublicSquare surveyed 80,000 small business owners and found that just 7% of respondents said they would “definitely” make it through a second Biden presidential term.

Another 15% said they “probably” would.

Read: Biden’s Signature Bills Are Pumping Billions Into Arizona, Michigan, And Pennsylvania. Will It Make A Difference In November?

In comparison, roughly 49% said they “definitely” or “probably” would not make it another four years if Biden gets re-elected in November.

The rest were unsure.

The companies noted that half of the business owners in the survey have been operating for at least a decade.

“The results are corroborated by another question asked later in the survey, where half (50.5%) of business owners said they’re either ‘pessimistic’ (26.2%), or worse, ‘worried’ (24.3%) about ‘the current trajectory’ of their businesses,” the MRC reported.

“Just 5.7% said they’re ‘highly optimistic,’ while 25.2% were ‘cautiously’ so. Another 18.6% were ‘neutral’ about where their businesses are headed.”

Read: MacDill Air Force Base Contractor In Tampa, Florida, Arrested For Solicting Colorado Child For Sex

MRC added that 39% of businesses have been forced to put off paying their bills in order to manage their cash flow this year.

Additionally, roughly 79% said the economy is on a trajectory for a recession, with 69%) thinking it will be a “major” recession.

On the other hand, just 0.8% believe inflation “will decrease and return to normal,” which, under former President Donald Trump, was less than 2%.

In an email to constituents on Saturday, Florida Republican Sen. Rick Scott, a persistent critic of Biden’s inflationary economic policies, pointed out that the cost of living has increased 20% for consumers since Biden took office and 19% for producers.

Help support the  Tampa Free Press by making any small donation by clicking here.

Android Users, Click To Download The Tampa Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter. Sign up for our free newsletter.

Login To Facebook To Comment