55% of Small Business Owners Wouldn’t Start Their Enterprise Today
posted at 3:41 am on October 1, 2012 by Matt Vespa
John Gehrke on The Washington Examiner wrote an interesting column September 26 reporting that 55% of small business owners would not have started their respective businesses today because of Obama’s policies. Furthermore, “a new poll… also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.”
The have a point. Obama added $9.5 billion in red tape in the month of July alone. Furthermore, Penny Starr at CNS News reported back on September 10 that “the Code of Federal Regulations has increased by 11,327 pages – a 7.4 percent increase from Jan. 1, 2009 to Dec. 31, 2011. In 2009, the increase in the number of pages was the most over the last decade – 3.4 percent or 5,359 pages. Over the past decade, the federal government has issued almost 38,000 new final rules, according to the draft of the 2011 annual report to Congress on federal regulations by the Office of Management and Budget. That brought the total at the end of 2011 to 169,301 pages.”
Gehrke also quoted, Jay Timmons, the president of the National Association of Manufacturers, “which commissioned the poll along with the National Federation of Independent Businesses,” as saying:
‘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…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.
Is this moving ‘forward?’