Election Of Barack Obama Doesn’t Help Gloomy Small-Biz Outlook
Small-business decision makers are shaken by deteriorating economic conditions and are increasingly worried for the future of both the economy and their organizations, a new City Business Journals Network survey shows.
The nationwide survey of 206 owners, presidents and CEOs of businesses with five to 499 employees was conducted Nov. 17-23 and suggests there has not been an “optimism bump” after the election of Barack Obama as president, at least not in small-business circles.
The SMB Insights survey shows that most respondents are worried about the economy, expect a long downturn, and are more pessimistic about their own companies’ prospects than they were a short time ago.
Business owner sentiment mirrored the most recent Beige Book report from the Federal Reserve. The anecdotal report from the Federal Reserve’s regional banks showed weakness across all sectors, in every region of the country.
Photo by Llima.
cassy on December 12th, 2008 4:22 pm
Lets not react first,beacuse his not on the white house yet,why not give him a time to do his duty as the newly elected president of UNITED STATES OF AMERICA,because hi will takeover on january ok! let him serve the people who vote him and trust him, let us be fair to Obama and see what he can do for the small business, after that if nothing happen then next election is his out in white house, right? Infact not just the americans who likes Obama, but the people all around the world celebrate when he win the election. so many trust him, so let him do his job!
Curt on December 12th, 2008 6:58 pm
Obama has not brought any confidence to the market and I don’t thing he is going to have time to do anything for small businesses. And now he has a scandal (Illinous gov) on his hands before he is even in the office.
Jaclyn on December 13th, 2008 8:22 am
First…i think most people need to give it a little time…it’s not like the minute the man was elected thing’s would change immediately over night. there is year’s of tremendous wrong doing and garbage that the poor man has to sort through before he can even begin to start fixing the problems at hand. not to mention in a recent news cast this week…president bush is apparantly making it very difficult for Obama to even do anything in the white house not to mention move into the white house…so we need to also look at the current president when it come’s to these problems.
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