{"id":2295255,"date":"2024-07-15T11:18:02","date_gmt":"2024-07-15T15:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/coming-disaster-nearly-50-of-small-business-will-not-survive-if-biden-gets-2nd-term-survey\/"},"modified":"2024-07-15T11:20:08","modified_gmt":"2024-07-15T15:20:08","slug":"coming-disaster-nearly-50-of-small-business-will-not-survive-if-biden-gets-2nd-term-survey","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/coming-disaster-nearly-50-of-small-business-will-not-survive-if-biden-gets-2nd-term-survey\/","title":{"rendered":"Coming Disaster &#8211; Nearly 50% of Small Business Will Not Survive if Biden Gets 2nd Term: Survey"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcoming-disaster-nearly-50-of-small-business-will-not-survive-if-biden-gets-2nd-term-survey%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2295255&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the\u200d results\u2064 of a survey \u2064of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cuomo-to-partially-reopen-indoor-dining-in-nyc-for-valentines-day-if-positivity-rates-hold\/\" title=\"Cuomo To Partially Reopen Indoor Dining In NYC For Valentine\u2019s Day, \u2018If Positivity Rates Hold\u2019\">small business owners<\/a> who are concerned about\u2062 the impact of \u200da potential second term for President Joe Biden.\u2064 The\u200d survey found that almost\u200b half of\u200d the respondents \u200dbelieve their businesses would not survive another four years under Biden&#8217;s\u2062 administration. The survey also\u2062 highlighted concerns about cash\u2064 flow, stalled bill payments, and expectations of stagflation. The National Federation of Independent Businesses Small \u200dBusiness Optimism Index remains low, indicating continued pessimism about the economy. Republican Rep. Jodey Arrington of Texas argued for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-federal-reserve-has-some-very-bad-news-for-biden-and-the-democrats\/\" title=\"The Federal Reserve Has Some Very Bad News for Biden and the Democrats\">reducing federal spending<\/a> to address economic challenges. the article paints a picture of a challenging economic environment for small businesses under Biden&#8217;s leadership.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"> <?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/%20\"><span>Jack Davis<\/span><\/a> <\/span> <span>   July 15, 2024 at 6:49am <\/span> <\/span>  <\/header>\n<section>\n<p>A survey of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-economy-amid-dismal-commerce-dept-report\/\" title=\"Biden touts economy amid dismal Commerce Dept. report\">small business owners found<\/a> almost half believe a second term for President Joe Biden would be the iceberg that would send their enterprise to the bottom.<\/p>\n<p>Forty-nine percent of those who responded to the <a href=\"https:\/\/www.blog.redballoon.work\/post\/new-survey-small-businesses-expect-fed-rate-hikes-this-year-are-in-bill-paying-triage-weigh-in-on\" target=\"_blank\" rel=\"noopener\">PublicSquare\/RedBalloon<\/a> poll said their businesses \u201cdefinitely\u201d or \u201cprobably\u201d would not make it through four more years of <a href=\"https:\/\/www.westernjournal.com\/congressman-accuses-biden-sending-orders-trump-shooting-causes-bloodbath\/\" target=\"_blank\" rel=\"noopener\">Biden<\/a>.<\/p>\n<p>Seven in 10 business owners said they were holding off on adding staff and six in 10 said they expected stagflation \u2014 when prices rise but the economy does not grow.<\/p>\n<p>The survey, published in mid-May, found cash flow was so bad that 40 percent of those responding said they had stalled paying bills.<\/p>\n<p>\u201cIt\u2019s been a difficult three years for America\u2019s small businesses,\u201d PublicSquare CEO Michael Seifert CEO said in a statement. \u201cWhile many inside the Beltway may feel like things are good, that isn\u2019t translating to Main Street America \u2014 the frontlines of our <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-government-crushes-small-business-dreams\/\" title=\"Big Government Crushes Small Business Dreams\">small business economy<\/a>.\u201d<\/p>\n<p>RedBalloon CEO Andrew Crapuchettes added, \u201cAll of the government reports and happy-talk from Washington DC doesn\u2019t change that Americans continue wrestling with inflation, and a majority of small business owners now predict we\u2019ll slip into stagflation.\u201d<\/p>\n<p>The survey of 754 small business owners took place from April 30 to May 10 and had a margin of error of plus or minus 4 percentage points at the 95 percent confidence level.<\/p>\n<p>The National Federation of Independent Businesses Small Business Optimism Index remains mired below its historical average, according to an <a href=\"https:\/\/www.nfib.com\/content\/press-release\/economy\/inflation-remains-top-problem-for-main-street\/\" target=\"_blank\" rel=\"noopener\">NFIB news release<\/a> on Tuesday.<\/p>\n<p>Although June\u2019s score of 91.5 was 1 percentage point higher than May\u2019s, the average has been well below its historic level of 98 for 30 months, the group said.<\/p>\n<p>\u201cMain Street remains pessimistic about the economy for the balance of the year,\u201d NFIB Chief Economist Bill Dunkelberg said in a statement.<\/p>\n<p>\u201cIncreasing compensation costs has led to higher prices all around,\u201d Dunkelberg said. \u201cMeanwhile, no relief from inflation is in sight for small business owners as they prepare for the uncertain months ahead.\u201d<\/p>\n<p>In an Op-Ed published Wednesday in the <a href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/courage-strength-optimism\/3074692\/bidens-cruel-economy\/\" target=\"_blank\" rel=\"noopener\">Washington Examiner<\/a>, Republican Rep. Jodey Arrington of Texas argued that cutting <a href=\"https:\/\/www.westernjournal.com\/bidenomics-rends-nationwide-drugstore-chain-set-shutter-significant-number-locations\/\" target=\"_blank\" rel=\"noopener\">federal spending<\/a> is the only salvation for America\u2019s economy.<\/p>\n<p>\u201cIf we are going to bring down inflation and interest rates, lift our economy, and strengthen our nation\u2019s balance sheet, we must reduce spending and grow the economy,\u201d he wrote.<\/p>\n<p>Arrington said Bidenomics has crushed America.<\/p>\n<p>\u201cThe economy is sagging under the weight of all these misguided policies, with GDP growth dropping significantly from 3.4 percent in the fourth quarter of 2023 to a paltry 1.4 percent in the first quarter of 2024,\u201d the congressman wrote.<\/p>\n<p>\u201cThe public has taken notice. Consumer confidence is on the decline, and for the past five months, the Expectations Index, which measures consumers\u2019 short-term outlook for income, business, and labor market conditions, was low enough to indicate consumers believe a recession lies ahead,\u201d Arrington said.<\/p>\n<p>\u201cWith wages unable to keep up with inflation, total household debt has increased 21% since January 2021, amounting to a record $17.69 trillion. Credit card debt alone sits at an unheard-of $1.12 trillion, having nearly doubled under Biden\u2019s watch,\u201d he wrote.<\/p>\n<p>In sum, Arrington said, Biden has overseen a \u201ccruel and unforgiving financial reality for most people.\u201d<\/p>\n<hr>\n<div>\n<p><b><i>An Important Message from Our Staff:<\/i><\/b><\/p>\n<p><i><span>We who work here at The Western Journal have fought for years against Big Tech and the elites who want to shut us down and then shut America down. <\/span><\/i><\/p>\n<p><i><span>Make no mistake \u2014 nothing will be the same after November 2024. Will you help us fight? Will you <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>help us expose the America-hating elites<\/span><\/i><\/a><i><span>  who will do everything they can to steal this election? <\/span><\/i><\/p>\n<p><i><span>We\u2019re a small group of people fighting to save the country for our readers and for our own family and friends. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Can we count on your help?<\/span><\/i><\/a><\/p>\n<p><i><span>At this point, Big Tech has cut off our access to 90% of advertisers. Imagine if someone took 90% of your paycheck and there was nothing you could do. They\u2019re trying to starve us out.<\/span><\/i><\/p>\n<p><i><span>Donations from readers like you have literally helped keep our lights on, and <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>we need you<\/span><\/i><\/a><i><span>  now more than ever. <\/span><\/i><\/p>\n<p><i><span>We operate on a shoestring budget, but with that budget, we terrify the globalists. Please help us continue the fight. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Stand with us<\/span><\/i><\/a><i><span>, and we will never surrender.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading The Western Journal and for believing in America. <\/span><\/i><\/p>\n<p><i><span>It is a pleasure to serve you.<\/span><\/i><\/p>\n<p><i><span>P.S. Please don\u2019t let the America-hating left win. <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Stand with us today<\/span><\/i><\/a><i><span>!<\/span><\/i><\/p>\n<\/p><\/div>\n<\/section>\n<p><\/body><\/html><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent survey of small business owners revealed that nearly half of them believe that a second term for President Joe Biden would be detrimental to their businesses. Many business owners are hesitant to hire new staff and are anticipating stagflation. The National Federation of Independent Businesses Small Business Optimism Index remains low, indicating pessimism about the economy. Republican Rep. Jodey Arrington of Texas argues that cutting federal spending is crucial for economic recovery. The Western Journal is asking for support in their fight against Big Tech and the elites who are trying to silence them. They rely on donations to continue their work<\/p>\n","protected":false},"author":661,"featured_media":2295256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/Going-out-of-business.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3620,35095,20961,12168,7845],"class_list":["post-2295255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden","tag-coming-disaster","tag-small-business","tag-survey","tag-survival"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/Going-out-of-business.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2295255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2295255"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2295255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2295256"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2295255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2295255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2295255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}