Kent Bernhard, Jr. at Portfolio.com reports that grumpy is the word that sums up the mood of small-business owners going into the midterm elections.
And that’s not a good sign for the ruling Democrats. A survey released this morning, and one released yesterday, show a sour mood abroad about the economy and the government’s efforts to improve it.
This morning’s survey by business management software services firm Sage North America, a division of Sage Group, shows most small-business owners haven’t seen the benefits of efforts to stimulate the economy. And 78 percent of those owners surveyed on the Internet by Sage say their businesses have been negatively impacted by the economy. Another 77 percent are either unsure when the economy will improve or don’t expect improvement in the next year.
Only 7 percent of the small-business owners surveyed believes the government is doing enough to boost the economy, and only 16 percent say they benefited from the American Reinvestment and Recovery Act of 2009—better known as the stimulus.
So some of the signature policies of the Obama administration aimed at helping small businesses haven’t, or aren’t well known, the 528 business owners surveyed told Sage. For instance, only 23 percent were familiar with the contents of the Small Business Jobs Act passed this September over the objections of Republicans. That law provides for tax cuts and credits for small businesses, and establishes a pool of money for small banks to lend to small businesses.
Read more at: Portfolio.com